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Russian banknotes 1 Nicholas 2

Started by muntenman, April 28, 2007, 08:47:12 PM

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Sometimes it helps to understand history when you see it... especially when the letters that where used at paper money are somehowe different...

Just a little bit of history for Russians and general collectors like myself. Will this article gives you as the reader an image what it is like to live your daily life amongst communistic citizens? As if it was your life, that is the feeing I have with all money..

Nicolas II reign 1894-1917

The value of Russian Rouble was very good in the days of Nicholas. Internationally it had the same reputation as the British Pound and the US-dollar. Only a new son on the throne was the reason to make a new range of money.

In the year of 1897 the golden standard was introduced to the Russian Citizens which means that a particular amount of grammes of 24 kt gold  has the same value of the paper rouble.

After Nicholas succeeded his father in 1894, all existing paper money is renewed in 1895, but the date on these bills are mentionned is 1898.The value began with 1 rouble climbing up the stairs to 500 roubles, and those 500 roubles paper money was equal to 460 grammes of pure 24 k. gold until the year 1913.

The emperor (CZAR) decided that 1 rouble was worth 0,774232 gold with the exeption for occupied territory of Finland, 1 russian rouble over there was worth 2,66 markkaa.

The Russian- Japanese war of 1905 meant that the Russians loose their total Naval fleet, so the shares went down and large quantities of banknotes are reprinted with more higher values then ever before (inflation).

In between 1905 and 1912 all the existing banknotes are renewed.

With the beginning of the First World War in 1914 and the decision of Nicholas to put incompetent officers with great aristocratic background in command and the neglect of the capable simple ordinary war veterans, millions of russian men are sent to theit death, which meant that the whole renewed banknotes in an overnight are totally worthless.

June 1914 gave the world 1.75 million Russian banknotes circulating.December 1914 there were over 3.13 billion banknotes circulating.

In 1915 the average citizen had no more trust in the money, so all the silver 5 kopeke till 50 kopeke as well as the silver roubles are withdrawn from circulation by the public and putinto jars and attics. The Russian Mint of Sint-Petersburg no longer minted coins for circulation. so all coins are replaced by paper money from 1 kopek till 50 kopeks, which also could be used as a postage stamp. Sometimes the value went so fast downwards, that a new number was printed over the mentionned value.

The banknote of 500 roubles 1912 was the best of its days and practically not to forge.
Although the printer had problems with the colours of the rosette, it is known that you can collect those banknotes in a wide variety of colours from orange to dark green; and the number from yellow to green. Size isn't everything, it is A2 till A4 sized, many different thickness and different autographs.