Watch List notes:

ARMENIA: 25 Dram (1993) in brown and light red on multicolor unpt with frieze with lion from Erebuni Castle at center right and cuneiform tablet at upper left center. S/N: "BA 20580512". WMK: Outlined arms. Printed by (G&D). Inside holder by PMG "Gem Uncirculated 66 EPQ". (Pick 34a) & (Spink BRA B2a).