5 Silver Roubles

The Depozitная Kassa was established in 1840 specifically to manage the transition toward a silver-backed currency standard under Finance Minister Yegor Kankrin's monetary reform. These deposit receipts — for that is functionally what they were — represented silver actually held in reserve, a deliberate departure from the assignat system that had flooded Russia with depreciated paper since the late eighteenth century. The reform was one of the more disciplined monetary interventions of the Nicholas I reign, and for a time it held.

The series is rarely encountered outside institutional collections. Survival rates are low partly because redemption was actively encouraged — the notes were designed to be exchanged, not held.