Currency was issued by Nazi Germany in their occupied territories during the War, with Ukraine being one of these areas. This 5 Chervonets (5 Gold Rubles) note was intended to be circulated in the occupied Ukrainian territory, however the Germans decided not to circulate currency with the Russian language on it. Instead, the Zentralnotenbank Ukraine issue was issued, which includes P-49 through P-57. This P-47a note was possibly saved incase the Reichskommissariat Ukraine, which was the civilian occupation regime of the country, decided to issue this Russian language series after the conquest of the Soviet Union was completed. The design of the note features three large "5" counters on the front, and five on the back. The underprint is a green in the center, with red comprising the rest on the obverse. The back is printed in a dark brown ink. "Киев" (Kiev) at center next to a date of 1941. This note was never issued for circulation, and it is a miracle of survival for collectors today. Only two examples have been graded by PMG, a VF30 and this impressive AU 50 note. PMG comments "Minor Rust". PMG Pop 1/None Finer.
Estimate: $20000 - $30000