Watch List notes:

Pahlavi Dynasty, Reza Shah (1925-41), gold 5-Pahlavi, 9.58g, SH1306 (1927), uniformed bust of Reza Shah right above wreath and date, accession date SH1304 in field left, rev. legend within wreath (KM. 1116), graded PCGS MS61, scarce
Low mintage, only 909 struck
Estimate: £2,000.00 - £2,500.00