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Russia (Russian Empire) Russia 500 Roubles 1912 – Shipov / Gavrilov aUNC/UNC
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Pick 14b. Signatures: Shipov / cashier Gavrilov. Serial: ГЛ 183887. Condition: aUNC/UNC.
Russia 500 Roubles 1912 – State Credit Note (Pick 14b), Shipov / Gavrilov
Introduction
Offered here is a Russian Empire State Credit Note of 500 roubles, type of 1912, catalogued as Pick 14b. It bears the manager’s signature of I. P. Shipov and the cashier’s signature of Gavrilov, with serial number ГЛ 183887. Popularly known as a “Petenka” from the reverse portrait of Peter the Great, this large-format note is one of the classic high denominations of late Imperial Russian paper money. Condition: aUNC/UNC.
Description
The face is printed in green, pink and related colours with elaborate guilloche work. At the top appear the headings ГОСУДАРСТВЕННЫЙ КРЕДИТНЫЙ БИЛЕТЪ and ПЯТЬСОТЪ РУБЛЕЙ. The text states that the State Bank exchanges credit notes for gold coin without limit of amount (1 rouble = 1/15 imperial). At left is the Imperial coat of arms with the statutory exchange and legal clauses; at right stand the large figure 500 and the year 1912. Below centre are the printed signatures of the Manager (Shipov) and the Cashier (Gavrilov); the red serial ГЛ 183887 appears in the white coupon field and again on the printed panel. The reverse, engraved in blue-grey, shows Peter I in armour within an ornate oval under the Imperial crown, with putti and classical ornament; to the right sits an allegorical figure of Russia with sceptre and a shield bearing the double-headed eagle. A wide watermark coupon field occupies the right third; the watermark includes the portrait of Peter I. The paper is of the period’s security stock; the present note is offered in aUNC/UNC condition.
Historical Context
The 500-rouble State Credit Note of the 1912 type belongs to the last great generation of Imperial Russian paper money, created under the gold-standard monetary order that Sergei Witte had put in place in 1895–1897. Witte’s reform fixed the rouble at a gold content of 17.424 dolya of pure gold (1/15 of an imperial) and made State Credit Notes freely exchangeable for gold coin at the State Bank without limit of amount. That convertibility clause is printed on the face of this note and remained the legal foundation of the paper currency until the outbreak of the First World War.
A redesigned series of State Credit Notes had begun to appear from 1898; that series already included a 500-rouble denomination (the earlier “Peter in a hat” type), which entered circulation in 1899. The separate 1912 type offered here was a new design, introduced into circulation towards the end of 1913 alongside the older 1898 notes, and became one of the most ambitious products of the Expedition for the Preparation of Government Papers (EZGB) in St Petersburg. According to later Goznak archive research, the face was designed by Richard Zariņš (Rihards Zariņš / Richard Zarrin) and the reverse by the artist R. Rössler; the portrait of Peter I is based on Jacob Houbraken’s engraving after Carel de Moor (Karl Moor, 1717). The note is unusually large — about 275 × 127 mm — and collectors have long known it by the affectionate nickname “Petenka” (Петенька), after the portrait of Peter the Great.
Early issues of the 1912 type carry the printed signature of A. V. Konshin as Manager (Управляющий) of the State Bank. On 22 April 1914 Ivan Pavlovich Shipov was appointed Manager of the State Bank in Konshin’s place; thereafter the notes were printed with Shipov’s signature together with the signature of one of the bank’s cashiers (Кассир). The Shipov signature variety is catalogued as Pick 14b. Different cashiers appear across the printings; the cashier on the present note is Gavrilov.
When war broke out in the summer of 1914, convertibility into gold was suspended (imperial decree of late July 1914). From that moment the credit notes circulated as unconvertible paper money, while the State Bank’s note issue expanded rapidly to finance the war. The same 1912-dated plates and the Shipov signature continued in use under the Provisional Government in 1917 and into the early Soviet period, with later series letter ranges reflecting those successive regimes. The design and the printed date “1912” remained unchanged even as the political authority behind the note changed. Notes of this type remained part of everyday money through the revolutionary years and ceased to be legal tender in 1922 (catalogues commonly give 8 September or 1 October 1922).
As a physical object the Petenka therefore spans the late Empire, the war, the Provisional Government and the first Soviet years. It is at once a product of Witte’s gold standard, a wartime paper instrument, and a witness to the unbroken use of Imperial printing plates long after the monarchy had fallen.
Notaphilic / Banknote Details
Country: Russian Empire (continued use under Provisional Government and early Soviet printings). Issuer: State Bank (Gosudarstvennyi Bank). Denomination: 500 roubles. Type / date on note: 1912. Catalogue: Pick 14b (Shipov signature). Manager: I. P. Shipov. Cashier: Gavrilov. Serial: ГЛ 183887. Size: approx. 275 × 127 mm. Printer: Expedition for the Preparation of Government Papers (EZGB), St Petersburg. Design: face by Richard Zariņš; reverse by R. Rössler (per Goznak archive research); Peter I portrait after Houbraken / Carel de Moor. Watermark: portrait of Peter I in the coupon field (with repeating denomination elements). Condition: aUNC/UNC.
Cultural and Political Symbolism
Peter the Great on the reverse links the modern gold-standard State Bank note to the founder of the Imperial navy, the new capital and the Petrine state. The seated allegory of Russia with sceptre and eagle shield presents the Empire as a sovereign personification. On the face, the gold-exchange clause, the Imperial arms and the printed legal clauses assert the full faith of the State behind the paper. Together these elements make the Petenka a pictograph of late Imperial power — issued under the last Tsar, signed by Shipov as war finance began, and still printed after the monarchy had fallen.
Conclusion
A handsome Pick 14b 500-rouble note with Shipov / Gavrilov signatures and serial ГЛ 183887, offered in aUNC/UNC condition. An appealing example of the famous “Petenka” for any collection of Imperial Russian or world paper money.
Russia 500 Roubles 1912 – State Credit Note (Pick 14b), Shipov / Gavrilov
Introduction
Offered here is a Russian Empire State Credit Note of 500 roubles, type of 1912, catalogued as Pick 14b. It bears the manager’s signature of I. P. Shipov and the cashier’s signature of Gavrilov, with serial number ГЛ 183887. Popularly known as a “Petenka” from the reverse portrait of Peter the Great, this large-format note is one of the classic high denominations of late Imperial Russian paper money. Condition: aUNC/UNC.
Description
The face is printed in green, pink and related colours with elaborate guilloche work. At the top appear the headings ГОСУДАРСТВЕННЫЙ КРЕДИТНЫЙ БИЛЕТЪ and ПЯТЬСОТЪ РУБЛЕЙ. The text states that the State Bank exchanges credit notes for gold coin without limit of amount (1 rouble = 1/15 imperial). At left is the Imperial coat of arms with the statutory exchange and legal clauses; at right stand the large figure 500 and the year 1912. Below centre are the printed signatures of the Manager (Shipov) and the Cashier (Gavrilov); the red serial ГЛ 183887 appears in the white coupon field and again on the printed panel. The reverse, engraved in blue-grey, shows Peter I in armour within an ornate oval under the Imperial crown, with putti and classical ornament; to the right sits an allegorical figure of Russia with sceptre and a shield bearing the double-headed eagle. A wide watermark coupon field occupies the right third; the watermark includes the portrait of Peter I. The paper is of the period’s security stock; the present note is offered in aUNC/UNC condition.
Historical Context
The 500-rouble State Credit Note of the 1912 type belongs to the last great generation of Imperial Russian paper money, created under the gold-standard monetary order that Sergei Witte had put in place in 1895–1897. Witte’s reform fixed the rouble at a gold content of 17.424 dolya of pure gold (1/15 of an imperial) and made State Credit Notes freely exchangeable for gold coin at the State Bank without limit of amount. That convertibility clause is printed on the face of this note and remained the legal foundation of the paper currency until the outbreak of the First World War.
A redesigned series of State Credit Notes had begun to appear from 1898; that series already included a 500-rouble denomination (the earlier “Peter in a hat” type), which entered circulation in 1899. The separate 1912 type offered here was a new design, introduced into circulation towards the end of 1913 alongside the older 1898 notes, and became one of the most ambitious products of the Expedition for the Preparation of Government Papers (EZGB) in St Petersburg. According to later Goznak archive research, the face was designed by Richard Zariņš (Rihards Zariņš / Richard Zarrin) and the reverse by the artist R. Rössler; the portrait of Peter I is based on Jacob Houbraken’s engraving after Carel de Moor (Karl Moor, 1717). The note is unusually large — about 275 × 127 mm — and collectors have long known it by the affectionate nickname “Petenka” (Петенька), after the portrait of Peter the Great.
Early issues of the 1912 type carry the printed signature of A. V. Konshin as Manager (Управляющий) of the State Bank. On 22 April 1914 Ivan Pavlovich Shipov was appointed Manager of the State Bank in Konshin’s place; thereafter the notes were printed with Shipov’s signature together with the signature of one of the bank’s cashiers (Кассир). The Shipov signature variety is catalogued as Pick 14b. Different cashiers appear across the printings; the cashier on the present note is Gavrilov.
When war broke out in the summer of 1914, convertibility into gold was suspended (imperial decree of late July 1914). From that moment the credit notes circulated as unconvertible paper money, while the State Bank’s note issue expanded rapidly to finance the war. The same 1912-dated plates and the Shipov signature continued in use under the Provisional Government in 1917 and into the early Soviet period, with later series letter ranges reflecting those successive regimes. The design and the printed date “1912” remained unchanged even as the political authority behind the note changed. Notes of this type remained part of everyday money through the revolutionary years and ceased to be legal tender in 1922 (catalogues commonly give 8 September or 1 October 1922).
As a physical object the Petenka therefore spans the late Empire, the war, the Provisional Government and the first Soviet years. It is at once a product of Witte’s gold standard, a wartime paper instrument, and a witness to the unbroken use of Imperial printing plates long after the monarchy had fallen.
Notaphilic / Banknote Details
Country: Russian Empire (continued use under Provisional Government and early Soviet printings). Issuer: State Bank (Gosudarstvennyi Bank). Denomination: 500 roubles. Type / date on note: 1912. Catalogue: Pick 14b (Shipov signature). Manager: I. P. Shipov. Cashier: Gavrilov. Serial: ГЛ 183887. Size: approx. 275 × 127 mm. Printer: Expedition for the Preparation of Government Papers (EZGB), St Petersburg. Design: face by Richard Zariņš; reverse by R. Rössler (per Goznak archive research); Peter I portrait after Houbraken / Carel de Moor. Watermark: portrait of Peter I in the coupon field (with repeating denomination elements). Condition: aUNC/UNC.
Cultural and Political Symbolism
Peter the Great on the reverse links the modern gold-standard State Bank note to the founder of the Imperial navy, the new capital and the Petrine state. The seated allegory of Russia with sceptre and eagle shield presents the Empire as a sovereign personification. On the face, the gold-exchange clause, the Imperial arms and the printed legal clauses assert the full faith of the State behind the paper. Together these elements make the Petenka a pictograph of late Imperial power — issued under the last Tsar, signed by Shipov as war finance began, and still printed after the monarchy had fallen.
Conclusion
A handsome Pick 14b 500-rouble note with Shipov / Gavrilov signatures and serial ГЛ 183887, offered in aUNC/UNC condition. An appealing example of the famous “Petenka” for any collection of Imperial Russian or world paper money.
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