Watch List notes:

Russia: Album with 53 banknotes NORTH CAUCASUS, comprising for example for the MAIKOP OIL FIELD 100 Rubles ND(1919) P.NL (R 3558) (F with tiny pinholes), CITY GOVERNMENT OF MAIKOP 100 Rubles 1920 P.NL (R 3568) (XF), STAVROPOL STATE BANK 250 Rubles 1918 P.S520H (F/F-), KISLOWODSK STATE BANK 25 Rubles ND(1919) P.S965 (F), MINERALNYE VODY STATE BANK 10 Rubles 1918 P.S510 (F tiny pinholes), PJATIGORSK SOVIET 5 Rubles 1918 P.NL (R 3789) (F), VLADIKAVKAZ STATE BANK 50 Rubles 1918 P.S600D (F+/VF) and many more. Excellent collection! Viewing recommended! (53 pcs.)
[taxed under margin system]