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1 Rouble
| Issuer | State Bank of the Russian Empire |
|---|---|
| Year | 1866-1880 |
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| Reference(s) | P#A41 |
| Obverse description | At left, a circular vignette frames the crowned Imperial double-headed eagle above the cipher monogram of Tsar Alexander II, surrounded by a fine guilloche border. The central legend reads ОДИН РУБЛЬ in bold Cyrillic letterpress, with the heading ГОСУДАРСТВЕННЫЙ КРЕДИТНЫЙ БИЛЕТЪ across the top. Serial number and signatures of the Treasurer and Manager of the State Bank appear at the foot of the note, with the series letters repeated at left and right. |
|---|---|
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| Reverse lettering | ИЗВЛЕЧЕНИЕ ИЗЪ ВЫСОЧАЙШАГО МАНИФЕСТА О КРЕДИТНЫХЪ БИЛЕТАХЪ 1. Государственные Кредитные Билеты обезпечиваются всѣмъ достояніемъ Государственнымъ, во всякое время, размѣнны на звонкую монету изъ Кредитнаго фонда. 2. Кредитные Билеты принимаются ходячею по всей Имперіи наравнѣ съ серебряною монетою. 3. За подѣлку Кредитныхъ Билетовъ виновные подвергаются лишенію всѣхъ правъ состоянія и ссылкѣ въ каторжную работу. |
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| Comments |
The State Bank of the Russian Empire issued this 1 Rouble as a state credit note, a category distinct from the deposit receipts and assignats that had plagued Russian monetary credibility earlier in the century. The 1866 reform series was a deliberate attempt to stabilize small-denomination paper following the fiscal damage of the Crimean War — the government had suspended specie convertibility in 1858 and was still working through the consequences.
Survival rates are low. Notes of this value circulated hard among the general population, and the fifteen-year emission window means finding an early-date example in decent condition requires patience.