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Armed Forces of South Russia 100,000 Rubles Treasury Bill, November 1920 (Pick S431c), Imperial eagle at left

Russia 1920 - Armed Forces of South Russia 100,000 Rubles Treasury Bill (November Issue, Pick S431c)

Six-percent short-term Treasury bill for 100,000 rubles issued by the Government Treasury of the Armed Forces of South Russia during the final phase of the Russian Civil War. This is the November 15, 1920 payable issue (Pick S431c), printed after General Pyotr Wrangel transferred the White administration to Crimea. The note follows the classical Imperial layout: bilingual Russian–French legends, the double-headed eagle in an ornate oval cartouche at left, and a formal typographic bond structure intended to signal continuity with pre-1917 state finance. Read more →

RussiaTreasury Bond Note1920100,000 Rubles- Treasury Bill100000 RublesFiscal DocumentHigh-Value DenominationGovernment ObligationBond IssueImperial EaglePick S431cRussian Civil WarWhite MovementArmed Forces of South RussiaWrangel GovernmentCrimea AdministrationCollapse of White RussiaEmergency FinanceExile Government HistoryTransitional Fiscal SystemsAnti-Bolshevik AdministrationRussiaCrimeaSimferopol1920Museum GradeR6 Extremely Rare
Held
United States 1935 New Jersey Borough of Palmyra Municipal Scrip One Dollar specimen, blue engraved design, serial A0000, general obligation borough instrument

United States 1935 - New Jersey 1 Dollar Borough of Palmyra Municipal Scrip Specimen (General Obligation)

Municipal scrip differed from tax anticipation notes and formal bond issues in that it functioned as a direct acknowledgment of indebtedness by the issuing municipality, intended for circulation or settlement within the local economy. In Palmyra’s case, the scrip was structured as a general obligation of the borough, transferable by delivery and bearing interest at the rate of three percent per annum from the date of issue. It was expressly acceptable in payment of taxes or other indebtedness to the borough, or redeemable on a date to be fixed by the Borough Council, embedding it directly into the municipality’s fiscal operations. Read more →

United StatesMunicipal Scrip Specimen19351 DollarUncirculated Specimen Municipal ScripBorough Issued ScripGeneral ObligationInterest Bearing Instrument1 DollarBlue Engraved NoteSpecimen OverprintSerial Number A0000Guilloche Security MedallionE. A. Wright Bank Note CompanySecurity PrintingDepression Era PrintingMunicipal Finance InstrumentGreat DepressionMunicipal Finance HistoryNew Jersey Monetary HistoryUnited States Fiscal HistoryUnited States1935New JerseyBurlington CountyPalmyraPick UnlistedMuseum GradeR9 Extremely RareUnique
Held
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