Watch List notes:

Banque Mellie Iran, obverse archival photograph showing design for a 500 rials, 1935, this design features significant changes to the central guilloche, and you can actually see where the previous design was altered and the new parts added. The portrait was also updated with an engraved face.some small areas of damage, but generally excellent condition (2).

Estimate: £300.00 - £400.00