Watch List notes:

(x) Imperial Bank of Persia, 100 tomans, Isfahan, 28 June 1924, red serial numbers G/B 027119, blue, brown, pale orange and green, Shah Nasr-ed-Din in circular frame right centre, two manuscript signatures below, value at centre and at each corner, oval handstamp low centre, reverse brown and blue, Imperial arms at centre, value at centre and at left and at each corner, red serial number at each corner(Pick 17, Farahbakhsh type 18), Isfahan not listed in Farahbakhsh, in PCGS holder number 15, fine and an extremely rare place of issue and extremely rare as an issued note.

Estimate: £18,000 - £20,000