Watch List notes:

(x) Russia, State Credit Note, 25 rubles, 1843-65, serial number 4390037, violet on lilac underprint, crowned double headed eagle in shield at top centre, manuscript signatures,, (Pick A38), in PMG holder 25 very fine, the highest grade given to this note by PMG, with only one other example, missing from most advanced collections, very rare.

Estimate: £10,000 - £12,000