CVC & Collectables presents this 1923 1 Million Roubles note from Transcaucasia, certified by PMG as Very Fine 25, holds significant historical and numismatic value, reflecting a turbulent period in the region’s history following the Russian Revolution and the subsequent Civil War.
Transcaucasia was a region located in the South Caucasus, encompassing present-day countries such as Armenia, Azerbaijan, and Georgia. Following the collapse of the Russian Empire and the Bolshevik Revolution, Transcaucasia briefly existed as a unified political entity before the formation of independent states.
The denomination of 1 Million Roubles signifies the enormous inflationary pressures and economic instability prevalent in Russia and its surrounding regions during the aftermath of World War I and the Russian Civil War. Hyperinflation rendered currency virtually worthless, leading to the issuance of banknotes with astronomical denominations.
Currency Highlights:
- Sealed in an inert mylar currency holder certified by PMG
- Graded Very Fine 25 by PMG
- Dated: 1923
