Watch List notes:

(x) Imperial Bank of Persia, archival specimen 3 tomans, Teheran, ND (ca 1900), serial number C/D 075001-C/D 100000, black, pink and green, Shah Nasr-ed-Din at right, Imperial arms at left, value at centre and at each corner, two printed signatures low centre, additional FARSI text in left field, reverse blue, Imperial arms at centre, black printed 'PAYABLE AT TEHERAN ONLY' in top margin, value at centre and at each corner, black serial number low left and top right and at centre, perforated SPECIMEN(Pick 2As, Farahbakhsh 3 for type), ex Bruce Smart collection. Ink annotation 'January 1913' in top left margin, in PMG holder 64 CHOICE UNCIRCULATED, mounting traces, rare.

Estimate: £2,800 - £3,400