Watch List notes:

KHWAREZM: Soviet Republic, AE 500 roubles (4.55g), Khwarezm, AH1339, A-3089s, Y-19., inscribed besh yuz manat at center, EF. The Soviet Republic was founded by local authorities upon dissolution of the khanate. Coins were coarsely struck with primitive machinery using hand-engraved dies. All inscriptions are in Uzbek Turkish in the Arabic script and Russian.

Estimate: 75-100 USD