Watch List notes:

(x) Russia, State Credit Note, ERROR 25 rubles, 1909 (ND 1912-17), serial number DE 974812/974802, black on pink, arms at top left, values at two corners, reverse, value at lower left, arms at centre, Alexander III at right,, (Pick 12b), in PMG holder 58 choice about unc, rare mismatched serial number error.

Estimate: £80 - £100