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34 Roubles 5% Freedom Loan Debenture Bond - Type 3

Features

Issuer City of Rostov-on-Don (Russia - Civil war issues)
Type Local banknotes
Years 1918-1920
Value 34 Roubles
Currency Rouble (1917-1924)
Composition Paper
Size 182 × 138 mm
Shape Rectangular
Technique Overprinted
Demonetized Yes
Number
N#
479069

Series: Rostov-on-Don. Rostov Office of the State Bank. Type 3 Banknotes.

Obverse

Black on green-ish underprint. At the top center, oval frame depicts the Tauride Palace (seat of the State Duma), flanked by laurel branches. Directly beneath the vignette, bold text, with several paragraphs of smaller text filling the central area below, followed by a cluster of signatures. The serial number is printed twice—once at the upper left and again at the upper right. Framed by intricate guilloche frame with square corner ornaments.

At least two stamps; round ОГБ (Отделения Государственного Банка/Office of the State Bank) and rectangular one with netting

Scripts: Cyrillic, Cyrillic (cursive)

Lettering:
(round stamp)
Ростовская на Дону Контора Государственного Банка

(rectangular stamp)
-34 руб.-
Настоящая облигацiя безъ купоннаго листа
выпущена Ростовской н-Д. Конторою Госу-
дарственнаго Банка въ качествѣ денежнаго
знака въ суммѣ тридцать четыре (34р.) рублей.

Translation:
(round stamp)
Rostov on Don Main Office of the State Bank

(rectangular stamp)
-34 rub.-
This bond without a coupon sheet was issued by the Rostov-on-Don State Bank as a banknote in the amount of thrity-four (34r.) rubles.

Reverse

Black on rose underprint. At the top, the text begins bold and large, below that, multiple paragraphs of tightly packed text fill the page, in the lower portion are the signatures.

Watermark

"Fat Stars"

34 Roubles (5% Freedom Loan Debenture Bond - Type 3) -  obverse

© Katz Coins Notes & Supplies Corp.

Comments

History

On March 30, 1917 the Provisional Government of Russia published a decree on the issue of 5% “Freedom Loan” bonds of 50, 100, 500, 1000, 5000 and 25,000 roubles. At the end of  April 1917 two additional denominations of 20 and 40 roubles were added to the existing bonds. 

 

Immediately after the October Revolution on October 25, 1917 Ataman A. M. Kaledin proclaimed that he refused to subordinate  to the Council of the People's Commissars and its decrees. Just like other parts of the former Russian Empire the Don Cossack Province started to experience shortages of currency.  In accordance with the permission of the Provisional Government, in the Don region (as in all of Russia) since September 1917, the bonds of the “Freedom Loan” (among others) had the right to circulate as money. 

 

They were first put into circulation during december-march by white forces (type 1 stamp), until soviets took control of Rostov and had their own issue in march-april (type 2 stamp). On early may of 1918 the soviets had to retreat from Rostov, taking all they could from the vaults of the bank. This prompted the white authorities led by ataman P.N. Krasnov to issue the freedom loans again (as well as print new don roubles), starting on May freedom loans in denominations from 20-100r were counterstamped with the third and final type of stamp, these continued until  May 1920.  500 and 1000r freedom loans do were issued in may-july, but these had the type 1 stamp. 

 

Varieties

The bonds can have additional overstamps from Rostov or from other places (e. g. Yekaterinodar, Novocherkassk, etc.)

See also

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Date VG F VF XF AU UNC
ND (1918-1920) 

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