Watch List notes:

IRAN. Imperial Bank of Persia. 50 Tomans, 2.4.1919. P-7. WBG Very Fine Choice 25 Qualified. Pinholes, Probable Restoration.
Both of the notes offered here are rare in any form, but they are exceptionally rare as issued notes. We have been unable to find any public auction records for either of these notes in issued form. These are the first we have handled and are likely to be the last for quite some time, possibly ever. Both notes have been certified by World Banknote Grading with the 50 Tomans being graded a 25 Qualified and the 100 Tomans receiving a 35 Qualified. These examples show extraordinary detail, have great registration, and retain their original color. Striking hand written signatures are present and bold overprints are also seen.

These notes feature vignettes of Nasr ad-Din Shah and the Lion and Sun motif holding Arms. The sun in the Lion and Sun motif is believed to resemble Mithra, the sun god in Zoroastrian beliefs. The lion is symbolic of virility and strength. This combination is deep rooted in Persian culture and is often associated with Royalty. The Qajar Dynasty made the Lion and Sun the official symbol of the royal house. Naser al-Din Shah was part of the Qajar dynasty. Even though he was assassinated in 1896, his portrait remained on these notes for more than 25 years after his death, and these Imperial notes are often referred to as Qajar notes.

WBG Very Fine Choice 25 Qualified. Pinholes, Probable Restoration.

From the Prestigious Collection of Dr. Magid Al-Kimawi.

Estimate: $40000.00- $50000.00