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25 Dollars

Issuer Mongolian State Treasury
Year 1924
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Value 25 Dollars
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Obverse description The obverse is dominated by a large central circular medallion with a multi-layered guilloche rosette enclosing a traditional soyombo-style ornamental motif in the inner roundel. Elaborate Tibetan Buddhist-influenced floral and scroll vignettes in red, green, and gold fill the left and right panels, flanking Mongolian script inscriptions in vertical cartouches. The denomination "TWENTY FIVE DOLLARS" is printed in Latin letterpress along the lower margin, with an intricate geometric key-pattern border framing the entire design.
Obverse lettering ᠪᠤᠰᠤᠳ ᠬᠦᠮᠦᠨ ᠳᠠᠭᠤᠷᠢᠶᠠᠨ ᠦᠢᠯᠡᠳᠪᠡᠰᠦ ᠬᠠᠤᠯᠢ ᠶᠣᠰᠣᠭᠠᠷ ᠢᠯᠠᠯᠤᠮᠤᠢ TWENTY FIVE DOLLARS
(Translation: Anyone who counterfeit will be prosecute by law)
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Mongolia's 1924 currency issue was among the first acts of the newly proclaimed Mongolian People's Republic, which had declared independence from Chinese authority in 1921 and spent the following years building functional state institutions under Soviet guidance. The American Bank Note Company contract was a practical choice — ABNC had the security printing infrastructure that no Mongolian institution yet possessed — but it produced the odd result of a Soviet-aligned republic's inaugural paper money being engraved and printed in New York.

The "R" suffix on Pick 6 denotes a remainder: unissued notes returned without serial numbers or with incomplete authorization, which is now the primary form in which this denomination survives. Dangzan, one of the signatories, was executed in 1922 — before this note was formally issued — making his printed signature on circulating examples a bureaucratic artifact of a man already dead.

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