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5 Dollars

Issuer Mongolian State Treasury
Year 1924
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Value 5 Dollars
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Obverse lettering ᠪᠤᠰᠤᠳ ᠬᠦᠮᠦᠨ ᠳᠠᠭᠤᠷᠢᠶᠠᠨ ᠦᠢᠯᠡᠳᠪᠡᠰᠦ ᠬᠠᠤᠯᠢ ᠶᠣᠰᠣᠭᠠᠷ ᠢᠯᠠᠯᠤᠮᠤᠢ FIVE DOLLARS
(Translation: Anyone who counterfeit will be prosecute by law)
Reverse description The reverse is set on a pale green underprint and carries a serial number in the upper right. Five roundels of varying sizes are distributed across the field: two bearing the numeral '5 DOLLARS' in blue and green, one with a pink endless-knot (soyombo-style) ornament, and two smaller ones with Mongolian script characters. Four rectangular text panels in vertical Mongolian script are arranged along the left and right margins and across the center, recording the issuing authority, denomination, and signatories. A decorative Mongolian scroll border frames the entire composition.
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Comments

Mongolia's 1924 currency series was issued in the immediate aftermath of the Mongolian People's Republic's establishment, when the new government had no domestic printing infrastructure whatsoever. Contracting the American Bank Note Company was a pragmatic necessity — and an ideologically awkward one for a Soviet-aligned state, given that ABNCo was a thoroughly capitalist American firm printing revolutionary currency.

The "R" suffix in Pick's catalog designation indicates a remainder — unissued stock, never formally released into circulation. This series is primarily known through remainders, which is why signed and dated issued examples command a significant premium over these unsigned counterparts.

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