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| Issuer | State Treasury of Russia |
|---|---|
| Year | 1918 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Paper |
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| Printer | Log in to see details |
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| Obverse description | Green intaglio print over a purple-brown underprint, enclosed within a rectangular guilloche border. The Imperial Coat of Arms of Russia is positioned at upper centre, with the denomination numeral '25' printed below the signature lines at lower centre. Text and numerals are rendered in pre-reform Russian orthography throughout. |
|---|---|
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| Protection type | Watermark |
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| Comments |
The State Treasury's 1918 rouble issues emerged during one of the most chaotic monetary episodes in Russian history — the Provisional Government had already flooded the economy with paper, and the early Bolshevik administration inherited both the presses and the inflation. Goznak's Expedition for the Procurement of State Papers had been the empire's primary security printer since 1818 and continued operating through the revolution largely uninterrupted, which is why these notes look institutionally conservative despite the political rupture happening around them.
Pick 48 belongs to a short-lived series that was quickly overtaken by Soviet-era emissions. Surviving examples frequently show heavy handling — these circulated hard.