Watch List notes:

Armenia: République Armenienne, lot with 3 banknotes 50 Rubles 1919 (P.30, UNC), 100 Rubles 1919 (P.31, aUNC with minor spots) and 250 Rubles 1919 (P.32, VF/VF+ larger stain and tiny dint upper and lower left). (3 pcs.)
[taxed under margin system]