Watch List notes:

(x) German Military issues for Persia, 12 kran 10 shahi on 5 mark, 30 April 1904 (1916), serial number N.657221, blue and green, Germania, child, dove and allegorical symbols of prosperity at left, red Farsi text top and low centre, reverse blue, red Farsi overprint(Pick M1, Rosenberg 486), in PCGS holder 58, choice about uncirculated, scarce in this grade.

Estimate: £450.00 - £650.00