Watch List notes:

Commercial and Industrial Bank, Mongolia, 10 tugrik, 1925, serial number DA 001059, pink and multicoloured, value at left and right, signatures of Mangalam, Amar and Mikhonov and Bolshikhov, Soyombo pattern in field, reverse, blue, green and pink, value at centre(Pick 10, TBB B204a), mounting traces on reverse, perforated, otherwise a pleasing extremely fine and a very low serial number, DA the first prefix for type, rare.

Estimate: £800.00 - £1,000.00