Watch List notes:

(x) Imperial Bank of Persia, archival specimen 5 tomans, ND (ca 1922), serial number D/B 075001-D/B 100000, black, pink and green, Shah Nasr-ed Din at right, arms at left, value at centre and at each corner, Walter and Murray signatures, reverse brown, arms at centre, value at centre and at each corner, perforated SPECIMEN,(Pick 3s, TBB B5bs, Farahbakhsh type 4s), in PCGS holder number 68PPQ, superb gem uncirculated and rare.

Estimate: £1,800 - £2,200