Watch List notes:

(†) Imperial Bank of Persia, specimen 5 tomans, Teheran, ND (ca 1922), serial number D/E 030001-D/E 070000, black, pink and green, Shah Nasr-ed Din at right, arms at left, value at centre and at each corner, Walter and Murray signatures, reverse brown, arms at centre, value at centre and at each corner, PAYABLE AT TEHERAN ONLY in top margin(Pick 3s, TBB B5bs), perforated SPECIMEN, date '6.9.22' in top margin, good extremely fine and rare. Subject to 20% VAT on both Hammer Price and Buyer's Premium. For more information please view Terms and Conditions for Buyers.

Estimate: £1,500.00 - £2,000.00