Watch List notes:

Imperial Bank of Persia, 2 tomans, Tehran, 6 September 1927, serial number B/E 037,104, green, mauve, blue and pink, Shah Nasr-ed-Din at right, value at centre and at each corner, oval handstamp low centre, handstamp 'PAYABLE AT TEHRAN ONLY' low margin, two printed below, reverse red and blue, value at centre and at each corner, serial number at each corner(Pick 12, Farahbakhsh type 13), extensive restorations, very good, scarce.

Estimate: £450 - £550