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| 正面描述 | Black print on pink-tinted underprint. Central vignette bears the Imperial double-headed eagle within an ornate foliate frame, flanked by the denomination '100' on both sides and the date '1912' in two cartouches below. The main inscription reads 'БИЛЕТА ГОСУДАРСТВЕННОГО КАЗНАЧЕЙСТВА' above the large Cyrillic denomination 'СТО РУБЛЕЙ', with spaces for three manuscript signatures — Управляющий, Директор, and Бухгалтер — and a serial number below. The note is surrounded on all four sides by attached interest coupon strips bearing individual coupon numbers, series, and payment dates, with a stated interest rate of 3.6% and validity notice 'Билет действителен по 1 Августа 1926 г.' at the foot. |
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| 背面铭文 | ПОЛОЖЕНІЕ О РАЗРЯДѢ (СЕРІИ) БИЛЕТОВЪ ГОСУДАРСТВЕННАГО КАЗНАЧЕЙСТВА ПРОЦЕНТЫ НАЧИСЛЯЮТСЯ СЪ 1 АВГУСТА ТЫСЯЧА ДЕВЯТЬСОТЪ ДВѢНАДЦАТАГО ГОДА СЕРІЯ СDХXXXV (ЧЕТЫРЕСТА ТРИДЦАТЬ ПЯТАЯ) №203827 |
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The 1912 100-Rouble State Credit Note was produced under the monetary framework established by Sergei Witte's 1897 gold reform, which tied rouble issuance to gold reserves held at the State Bank. By 1912, Russia was running one of the largest gold stocks in Europe, and these high-denomination notes were theoretically exchangeable for gold coin — a convertibility that ended abruptly in August 1914 when the government suspended specie payments upon mobilization for war.
The same plate design continued printing well into the revolutionary period, with later Provisional Government and early Soviet-era overprints applied to stock sharing this identical base. Distinguishing 1912-era examples from later printings requires careful attention to the signature combinations in the lower margin.