Watch List notes:

State Credit Notes, Russia, 1 ruble, 1872, serial number A/T 451989, black on brown underprint, monogram of Alexander II below double headed eagle at left, also 1 ruble, 1882, serial number A/B 547939, black on brown underprint, monogram of Alexander III below double headed eagle at left,, (Pick A41, A48, Goryanov/Muradyan 1.10.3, 1.10.8), in PMG holders, first thinning, 12 fine, second 35 Choice Very Fine, scarce in this grade (2 notes).

Estimate: £250 - £350