These Russian Bonds were issued in 1913, a few years before the Russian Revolution of 1917.
They were issued to raise money for the Armavir Touapse Railway Company. The bond's value was for £20 Sterling which was the equivalent of 189 Roubles at the time. The illustration is quite simple with a crowned Imperial crest of a double headed eagle. They measure approx 250mm x 325mm and come with uncashed dividend coupons. Kept folded over the years they grade a Crisp GVF.
