Watch List notes:

Iran: 5 Toman overprint on 20 Mark 1914 (1916-17) with serial # prefix N, letter U at upper right on front and overprint "5 Tomans" on GERMANY P-40 in Persian language, P.M3 in excellent condition with lightly yellowed paper, PCGS graded 55 Choice About New PPQ. Additionaly there is a small booklet about these notes written in German language dated about 1970's/ 80's (2 pcs.)