Watch List notes:

Russia, State Credit Note, obverse and reverse uniface specimen 5 rubles (2), ND (1909-12), obverse blue-black on blue and multicolour underprint, double-headed eagle at top centre, signature of Governor A.V. Konshin, denomination at upper left and right and lower centre, reverse lilac and blue on multicolour, double headed eagle at centre, (Pick 10as1, 10as2, RPM 1.16.39O), perforated specimen (obrazets) in Cyrillic, in PMG holders obverse 64 EPQ Choice Uncirculated, reverse 66 EPQ Gem Uncirculated, appealing design, very rare (2).

Estimate: £1,500 - £2,000