Watch List notes:

Imperial Bank of Persia, 1 toman, Teheran, 5 August 1929, serial number A/J 012561, black, pink and green, Shah Muzzafar-al-Din at top left, value low left and right and at each corner, oval handstamp low centre, green printed 'PAYABLE AT TEHERAN ONLY' in centre top margin, two printed signatures low centre, reverse pink and green, value at centre and at each corner, serial number at each corner(Pick 11, Farahbakhsh type 12), heavily pressed very fine, scarce.

Estimate: £500 - £600