Lot 11 Armenia, Government Bank, Yerevan Branch, 1920 First Issue.
Armenia, 1919 (1920), 100 Rubles, P-18, Issued, Black on light mustard underprint, back black on light mustard, Armenian text on top left and right margins, S/N C 12 No. 104, Appears uncirculated but 2 very light folds relegates lovely and fresh note to Choice to XF-AU, crisp and firm paper, scarce in high grade.
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