Watch List notes:

Banque de l'Indo-Chine, Russia, specimen 25 roubles, Vladivostock, 12 February 1919, red zero serial numbers, green and multicoloured, head of Liberty at centre, value at left and right and at each corner, reverse green, value(PickS 1257s), cancellation holes, red SPECIMEN overprint, uncirculated and rare.

Estimate: £800 - £1,000