Watch List notes:

Russia: Album with 41 banknotes NORTH CAUCASUS comprising for example TREASURY OF SOCHI CITY 100 Rubles 1920 P.S542 (F/F+) and 250 Rubles 1920 (front and reverse separate each with text on back) P.S544 (VF), VLADIKAVKAZ RAILROAD COMPANY 1000 Rubles 1918 P.S596 (XF), EKATERINODAR STATE BANK BRANCH 100 Rubles 1918 guaranteed check issue P.S498Ba (VF/VF+) and 500 Rubles 1918 P.S498E (VF with cancellation holes and small staple holes), ARMAVIR STATE BANK BRANCH 10 Rubles 1918 P.S479C (VF with tiny pinholes), CITY MUNICIPALITY OF ARMAVIR 100 Rubles ND(1919) P.NL (R 3376) (VF), CITY GOVERNMENT OF SOCHI 250 Rubles 1919 P.S585H (VG with repairs and taped tears) and many more. Viewing recommended! (41 pcs.)
[taxed under margin system]