Watch List notes:

(x) Imperial Bank of Persia, colour trial 5 tomans, Teheran, ND (1924), no serial numbers, blue, mauve and pale green, Shah Muzzafar-al-Din at right, value at centre and at each corner, two printed signatures low centre, reverse blue and white, value at centre, left and at each corner(Pick 13ct), red 'SPECIMEN WATERLOW & SONS LTD' in field, cancellation holes and mounting traces, in PCGS holder 63, choice uncirclated, attractive and very rare.

Estimate: £1,500.00 - £2,000.00