Watch List notes:

Russia, State Credit Note, obverse and reverse uniface specimen 3 rubles (2), ND (1903-1909), obverse blue on brown underprint, value at centre Russian eagle at left, signature of Governor S.I. Timashev at centre, reverse green value at left, coat of arms at centre, (Pick 2s2a, 2s2b, RPM 1.15.21O), perforated specimen (obrazets) in Cyrillic, in PMG holders both 65 EPQ Gem Uncirculated, excessively rare (2).

Estimate: £1,400 - £1,800