RUSSIA. Khiva. 25 Rubles, AH 1339 (1921). NGC AU-53 BN.Y-16.1. 8-Pointed Star. Khiva, the modern city Khwarezm, is located in Central Asia (part of the Soviet territory when struck and Uzbekistan today), to the east of the Caspian Sea and south of the Aral Sea. An attractive example of this crude and <strong>SCARCE</strong> city issue with strong centers that soften slightly at the edges and recesses that retain traces of original color.NGC AU-53 BN.