Watch List notes:

The Imperial Bank of Persia, obverse and reverse archival photographs showing designs for 10 tomans, 1923. As with the 5 tomans in the pevious lot, this design is unknown. Both are clearly photographs of extremely high production value, hand produced, artworks, and some of the brush strokes are still visible, particularly in the portrait and Lion elements. The issued note was again printed by Waterlow.excellent quality with a very clear image (2).

Estimate: £600.00 - £800.00