Bank.notes

Collection Russia #43

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100 RUB

Russia 1994 1990_present XF Needs review ✦ AI 90%
Front · IMG_6135.jpeg cropped
Back · IMG_6136.jpeg cropped
Pair check: ! check failed checked 2026-05-09T09:53:33.036273
Identity

Where & when

Country Russia
Currency RUB
Denomination 100
Series name MMM private currency series
Series year 1994
Issue year 1994
Era 1990_present
Legal status demonetized
Subjects & design

What's on the note

Front portrait Sergei Mavrodi
Reverse subject
Watermark
Color palette #c8ddb5,#f5e6c8,#98b89f
Themes commemorative
Language / script Cyrillic

Front: Sergei Mavrodi (1955–2018), Russian businessman and founder of the MMM financial pyramid scheme. This is a 100-bilet private scrip note issued by MMM in 1994 during one of Russia's most notorious Ponzi schemes, which defrauded millions of investors during the economic chaos following the Soviet collapse. The note bears Mavrodi's portrait and the MMM logo, with text in Cyrillic reading 'БИЛЕТОВ' (biletov, meaning tickets or notes). These notes were used within the MMM system as share certificates or internal currency during the height of the pyramid scheme.

Back: Decorative guilloche patterns in green and yellow-green tones with the text 'Сто билетов' (Sto biletov, meaning one hundred tickets/notes) in ornate script. The reverse features intricate security printing patterns typical of banknote design but lacks any significant imagery, focusing instead on anti-counterfeiting measures for this private scrip.

Production

How it was made

Issuer MMM (private company)
Issuer (native) МММ
Printer
Engraver
Material paper
Dimensions (mm)

Security features: microprint,guilloche

Geography

Russia in Europe

Russia in Europe. Other countries on the same continent shown in muted grey.

The story

Background & history

🎉 Commemorating MMM pyramid scheme private scrip.

MMM private currency series, 1994. These 'biletov' notes were issued by Sergei Mavrodi's MMM company during Russia's largest financial pyramid scheme, which operated from 1989 to 1994 and again in various forms afterward. At its peak in 1994, MMM claimed up to 15 million investors. The scheme collapsed in July-August 1994 when the Russian government intervened, causing massive losses estimated at $1.5 billion. These notes were used as share certificates within the MMM system and became worthless after the collapse. They remain collectible as artifacts of post-Soviet economic turmoil and financial fraud history.

Catalogue

Collector references

Pick #
Krause ID
Rarity tier scarce
Commemorative Yes
Series range 1994–1994
Provenance

How it came to me

Acquired date
Acquired from
Acquired price
Currency
Condition
Grade XF
Serial number ГР9678094
Serial prefix ГР
Serial suffix 8094

Note appears in excellent condition with minimal handling, slight aging to paper visible

Valuation

What it's worth now

$5–$25
Type default range $5–$25
Valuation history (1)
datelowhighcurrencysourcenote
2026-05-08 16:13:54 5.0 25.0 USD ai from claude-sonnet-4-5
Technical

History & extractions

AI extractions (3)
research:anthropic · claude-sonnet-4-5 2026-05-09 09:37:41
status: error · step 10
research:openai · gpt-4o 2026-05-09 00:12:28
status: ok · step 10 · $0.0257 · 6355↓ + 983↑ tokens
anthropic · claude-sonnet-4-5 2026-05-08 16:13:54
status: ok · step 1 · $0.0359 · 6237↓ + 1146↑ tokens
Edits & decisions (1)
confirm_ok 2026-05-10 08:40:32
confirmed_ok: False → True
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