Watch List notes:

Russia, State Credit notes, 1 ruble, 1892, serial number BD 937394, blue and pale brown, arms at left, monogram of Tsar Alexander III at right, Zhukovski signature, reverse brown, arms and value and text, (Pick A54, Goryanov/Muradyan 1.12.4), VG, a scarce earlier date.

Estimate: £150 - £200