Watch List notes:

Russia North Caucasus - Vladikavkaz Railroad Company ERROR 50 Rubles Pick S593 dated 1st September 1918 serial number Б 11674, about UNC small pinhole. An earlier serial number 11669 invert printed on the reverse and interesting to see on these early notes. Black on light blue, buff and light green underprint featuring winged gear at lower left and steam locomotive below a partly robed woman at lower right on obverse and Network of the East Caucasian Railroad Company on reverse. Scarce issue specially with an error

Estimate: 80-120 GBP