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1995 500,000 ruble banknote


gxseries
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Yes I know it's usually a coin forum but someone might be able to explain this banknote final price to me:

 

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewI...em=310093079465

 

How does that work? I thought notes of 1995 were devalued by 1000 times so they are worth just 500 rubles in today's money? :ninja: Or they weren't many released in the first place?

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Yes I know it's usually a coin forum but someone might be able to explain this banknote final price to me:

 

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewI...em=310093079465

 

How does that work? I thought notes of 1995 were devalued by 1000 times so they are worth just 500 rubles in today's money? :ninja: Or they weren't many released in the first place?

 

Don't really have any idea as to why this sold as it did. However, a quick google does show these are supposedly 'scarce' and one was offered recently for around $300. So $1200 seems steep, but who knows. Maybe one of the paper-mavens can help.

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Don't really have any idea as to why this sold as it did. However, a quick google does show these are supposedly 'scarce' and one was offered recently for around $300. So $1200 seems steep, but who knows. Maybe one of the paper-mavens can help.

 

maybe someone did not hear about the default and simply did a currency conversion: 500,000 rubles = 20,000$ Some profit! :ninja:

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maybe someone did not hear about the default and simply did a currency conversion: 500,000 rubles = 20,000$ Some profit! :ninja:

Are these still redeemable for current rouble notes, or have they been completely demonetized?

 

Looking at the feedback of the buyer, he/she seems to be an active buyer of obsolete Russian & related notes, so this is possibly a collector rather than someone hoping for a fast profit in dollar exchange.

 

I know nothing about these notes. This one was described as "UNC". Maybe they are hard to find in high grade?

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