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500 Roubles

Issuer Khorezm People's Soviet Republic
Year 1921
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Technique Hammered
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Reverse description The upper portion of the field bears the arms of the Khorezm People's Soviet Republic, consisting of a crescent and star device flanked by two five-pointed stars, all rendered in low relief above a background of fine diagonal hatching. Below the arms, the Cyrillic word РУБЛЕЙ (Roubles) is prominently inscribed in large raised letters, with the numeral 500 beneath it in equally bold characters. A dotted border encircles the entire design along the rim of the flan. The primitive, hand-struck character of the engraving reflects the rudimentary minting facilities of the early Khorezm Soviet Republic.
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Edge Plain
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Additional information

The Khorezm People's Soviet Republic was a short-lived Soviet client state established in 1920 on the ruins of the Khanate of Khiva, lasting only until 1923 when it was reorganized as a socialist republic before absorption into the USSR. Its coinage is among the more unusual products of the early Soviet period — a nominally independent government issuing its own currency in bronze while Bolshevik authority tightened around it. The 500 Rouble denomination reflects the inflationary pressures that plagued the region's monetary system almost from the moment the republic was proclaimed.

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