Russia 500 Biletov Mavrodi MMM Very Fine Banknote

500 Tickets (Bank MMM; Sergei Mavrodi) 
Type: Trade Voucher
Country: Russia (Russian Federation)
Issuer: MMM (МММ)
Value: 500 Tickets
Material: Paper
Size: 152 × 74 mm
Shape: Rectangular
Demonetized: Yes

Obverse Description:

• Left: Portrait of Sergei Mavrodi, the founder of MMM

• Center: Large denomination “500”, with the text “ПЯТЬСОТ БИЛЕТОВ ПЯТЬСОТ” written on a ribbon

• Upper Right: MMM company logo

• Lower Right: Numeric value “500”

Lettering (in Russian):
ПЯТЬСОТ БИЛЕТОВ ПЯТЬСОТ
С. МАВРОДИ

Translation:
FIVE HUNDRED TICKETS FIVE HUNDRED
S. MAVRODI

Reverse Description:

• Lower Left: Value “500”

• Center: MMM logo artwork with the inscription “ПЯТЬСОТ БИЛЕТОВ”

Translation:
FIVE HUNDRED TICKETS

Watermark:

None mentioned explicitly; standard watermark security likely used during issue.

Historical Note:

This voucher was issued by MMM, a notorious Russian company that operated one of the largest Ponzi schemes in history. It attracted millions of investors during the 1990s, with estimates suggesting 5 to 10 million people lost their savings. Despite widespread suspicion about its legitimacy, many people still invested, hoping to exit before the collapse.

Collector’s Information

Approximate Market Value (as per Numista user estimates)

Note: Prices vary based on condition and demand. This is a reference estimate and not a fixed selling price.