Watch List notes:

Imperial Bank of Persia, 2 tomans, Shiraz, 26 October 1925, serial number B/Q 071075, green and multicolour, Shah Nasr-ed-Din at right, value at centre and corners(Pick 12, Farahbakhsh type 13), PMG 20 NET, internal splits, but an attractive example with a slightly scarcer issue location.

Estimate: £800 - £1,200