Watch List notes:

Independent West Army under Colonel Avalov-Bermondt, Kassenschein issue, 1, 5, 10 and 50 mark, 1919, all with arms top centre and Maltese cross low centre, text in Russian on obverse, in German on reverse, (Pick S228b, 227b, 228b, 230b), good extremely fine (4 notes).

Estimate: £120 - £160