Watch List notes:

Russia (5) City of Moscow 1908 5% Loan, bond for 945 Roubles, blue and red, with 2 coupons, Fine with some pinholes and rust marks, City of Moscow 1908 5% Loan, bond for 189 Roubles, yellow/brown, with 2 coupons, Fine with some small tears, City of Baku 1910 5% Loan, bond for 945 Roubles, blue and black, VF with 5 coupons, City of Nikolaev 1912 Loan, bond for 945 Roubles - £100 sterling, blue and black, VF with 11 coupons, City of Vilna 1912 5% Loan, bond for 189 Roubles - £20 sterling, 504 Francs orange and beige, VF with 14 coupons

Estimate: 20-40 GBP