Watch List notes:

Russia, State Credit Note, obverse and reverse uniface specimen 100 rubles (2), ND (1910-12), obverse dark brown on light brown and multicolour underprint, signature of Governor A.V. Konshin at lower left, reverse allegorical man with sword, Catherine I at left, (Pick 13as1, 13as2, RPM 1.16.107O), perforated specimen (obrazets) in Cyrillic, in PMG holders obverse 66 EPQ Gem Uncirculated, Reverse 64 Choice Uncirculated, magnificent design, very rare (2).

Estimate: £1,800 - £2,200