Watch List notes:

Ukraine, German Occupation, WWII, 500 karbowanez, 10 March 1942, serial number 4843645, (Pick 57, Schwan-Boling 1269), issued by Central Bank, in PMG holder 65 EPQ Gem Uncirculated, second highest grade on PMG Census with only 5 notes in higher, scarce with EPQ.

Estimate: £280 - £380