Watch List notes:

(x) Imperial Bank of Persia, 25 tomans, Shiraz, 12 August 1912, serial number V/A 07056, black, pink and green, Shah Nasr-ed-Din at right, Imperial arms at left, value at centre and at each corner, black oval handstamp low centre, two manuscript signatures below, handstamp 'PAYABLE AT SHIRAZ ONLY' low margin, reverse orange-brown, Imperial arms at centre, value at centre and at each corner, black serial number at low left, top right and at centre(Pick 6), significant restorations, in PCGS holder 8, very good, and extremely rare.

Estimate: £4,000.00 - £6,000.00