Collection PL

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 →

United States 1935 — New Jersey, Borough of Palmyra Municipal Scrip One Dollar Specimen (General Obligation)

This specimen represents an official municipal scrip issued by the Borough of Palmyra, Burlington County, New Jersey, Series of 1935, and denominated One Dollar. It belongs to the later phase of Depression-era local finance, when smaller municipalities continued to rely on interest-bearing scrip to manage routine obligations amid prolonged economic strain and uneven recovery. 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. ... Read more →