Watch List notes:

Central Bank of the Ukraine, German Occupation, consecutive 500 karbowanez (5), Rowno, 10 March 1942, red serial numbers 4 843606-10, brown, green and violet, a chemist at right, value in underprint left centre, reverse violet and green, value at centre,, (Pick 57, Schwan-Boling 1269), first good extremely fine, remainder about uncirculated, a handsome design (5 notes).

Estimate: £200 - £250