Watch List notes:

(x) Imperial Bank of Persia, 5 tomans, Teheran, 26 March 1920, serial number D/E 012744, black on red and green underprint, Sultan Nasr-ed Din at right, Shamshir and Lion at left, handstamp at low centre(Pick 3s, Farahbakhsh type 4), heavily repaired, about very good and rare.

Estimate: £1,000 - £1,500