Watch List notes:

Russia: Lot with 13 banknotes of former Soviet Republics, comprising Russia 5 Rubles 1909 (1917) (P.35, XF+/aUNC), Transcaucasia 100.000, 3x 250.000, 500.000, 1 and 5 Million Rubles 1923 (P.S617 – S621, F to XF+), Armenia 50 Rubles 1919 (P.30, UNC) and Azerbaijan 25, 50, 100 and 500 Rubles 1919 (P.1, 2, 5, 7, F/F- to UNC). (13 pcs.)
[taxed under margin system]