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50 Roubles

Issuer State Bank of the Russian Empire
Year 1895
Type Non-circulating banknote
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Reverse description The reverse is printed on a light blue guilloche underprint that covers the entire field. At centre, an embossed circular cartouche carries the inscription ДЕПОЗИТНАЯ МЕТАЛЛИЧЕСКАЯ КВИТАНЦІЯ around the circumference, with the date 1895 prominently set in large numerals at its centre. A mirror-image watermark impression of the bank name is visible across the lower portion of the field.
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Protection description Watermark visible on the reverse with a mirror-image impression of the bank name text across the lower field.
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The State Bank's 1895 series represented a period of serious monetary reform under Finance Minister Sergei Witte, who was driving Russia toward the gold standard — achieved formally in 1897. These notes were part of the transitional apparatus: still technically credit notes redeemable in metal, but increasingly treated as permanent circulating currency rather than bank receipts.

The watermark on this series is integrated into the paper itself at manufacture rather than applied as a secondary security measure, a distinction that mattered considerably when counterfeiting in the empire was becoming a state-level concern in the 1890s.

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