Watch List notes:

Bank of Latvia, 25 latu, 1928, red serial number A 084181, black and pale orange, ship at left and right, K.Valdemars top centre, reverse blue, arms at centre, also two further examples, both red prefix B(Pick 18a), faint central crease and spot top left margin otherwise original extremely fine and scarce, last two VG to fine (3).

Estimate: £200.00 - £250.00