Watch List notes:

State Treasury Note, 1934 "5 Gold Rubles" High Grade Sequential Pair. Russia. Lot of 2 notes, Both are sequential 1934, 5 Gold Rubles, P-211, Issued banknotes, black on light blue underprint, S/N's TG 798818 - TG 798819 , One is PMG graded Gem Uncirculated 65 EPQ and the second Choice Uncirculated 64 EPQ, A lovely pair of these scarce issues in high grade and rarely seen this nice. From an original run of notes included in this auction.

Estimate: 500 - 800