Grand Russian Railroad Company, the Nicolas Railroad (issue of 1888), an Imperial Russian Bond, originally sold to an investor in Holland, with a face value of 625 gold rubles.
12" x 15 1/2", complete with Dutch tax or stock transfer rubber stamp.
Very good to excellent condition. 1" tear at center top but no paper loss. Originally folded in horizontal quarters when issued but only folded in half for possibly the last several decades. One remaining coupon and part of its selvage also in very good condition.