Watch List notes:

Imperial Bank of Persia, 5 tomans, Teheran, 25 July 1925, serial number C/A 075282, brown on multicolour underprint, Shah Muzzafar-an-Din at right, hand stamp at low centre(Pick 13, Farahbakhsh type 14), PMG 10 NET, very good, tape reconstruction, edge damage, but very rare, and absent from the Shamshir and Lion collection.

Estimate: £1,500 - £2,000