Watch List notes:

Russia, State Credit notes, 25 rubles, 1899, pink and grey, Russia at left, Timashev signature, 50 rubles (3), 1899, grey, Tsar Nicolas I at left, signatures of Timashev, Konshin and Shipov respectively, (Pick 7b, 8b, c, d, Goryanov/Muradyan 1.14.47, 1.14.51), first three VG to fine, the last 25 ruble about uncirculated (4).

Estimate: £200 - £250