Watch List notes:

(x) German Military issues for Persia, 25 kran on 10 mark, 6 October 1906 (1916), serial number J.2642240, grey-green, maiden leaning on plinth at right, red Farsi text at left, reverse grey-green, maidens and value(Pick M2, Rosenberg 487), in PCGS holder 40 PPQ, extremely fine, scarce in this grade.

Estimate: £400.00 - £600.00