Watch List notes:

Caucasian Lot. Armenia. 50, 100 and 250 Rubles. 1920. P-30, 31, 32. AU; modern issues, P-33-39, 41, 42. EF-Unc; Azerbaijan. 50 Rubles. 1919. P-2 (2). Both AU, 500 Rubles. 1920. P-7. About EF; SSR. 250,000 Rubles. 1922. P-S718. AU, 1 Million Rubles. 1922. P-719a (2). VG and AU; Modern issues (9). AU-Unc; Nagorno-Karabakh. 20 (2) and 10 Dram. 2004. AU-Unc; and Georgia. 50 Rubles. 1919. P-11. EF-AU; modern issues (3). [34].

Estimate: $150 - $250