Watch List notes:

(x) Imperial Bank of Persia, 20 tomans, Teheran, 1 December 1924, black serial numbers E/C 029951, purple, red, green and pink, Shah Nasr-ed-Din at top right, value at centre and at each corner, two printed signatures below, oval handstamp low centre, black 'PAYABLE AT ISFAHAN ONLY' handstamp in low margin, reverse purple and red, Imperial arms at centre, value at left and at each corner, black serial numbers at each corner(Pick 15), restorations, in PCGS holder 20, very fine and very rare.

Estimate: £5,000.00 - £7,000.00