Watch List notes:

Imperial Bank of Persia, 1890 Second Issue Specimen Banknote. Iran, Kingdom of Persia. Specimen 20 Tomans, 1890, P-5, AU to Uncirculated with a pre-printing paper fold on left middle margin with archival ink annotation in top margin. No redemption stamp visible on reverse. Very rare. BWC.

Estimate: 5000 - 7500