Watch List notes:

Commercial and Industrial Bank, Mongolia, 25 tugrik, 1925, serial number EA 000013, mauve and multicoloured, value at left and right, signatures of Mangalam, Amar and Mikhonov and Bolshikhov, Soyombo pattern in field, reverse(Pick 11, TBB B205a), mounting traces on reverse, perforated, otherwise a pleasing extremely fine and a very low serial number, EA the first prefix, rare.

Estimate: £1,000.00 - £1,200.00