Watch List notes:

IRAN: Mohammad Reza Pahlavi, 1942-1979, medallic AV 25 pahlavi (200g), MS2535 (1976), 76mm, AGW 5.787, 50th Year of Pahlavi Rule, conjoined busts of Reza Shah and Mohammad Reza Pahlavi / Bank Melli Iran building, stamped No.109, Brilliant Unc. These large medallic 25 pahlavi coins are rarely offered on the market. This is the first we have seen offered at auction in many years. Photo size reduced.

Estimate: 8,000- 10,000 USD