Watch List notes:

(x) Bank Melli, Iran, a uniface proof on large format card for a 50 rials, ND (1934), olive, pale pink and pale blue, Shah Rez at top left, ornamental lake and house at right centre(Pick 27p, Farahbakhsh 27p), in PMG holder 66 GEM UNCIRCULATED EPQ.

Estimate: £400 - £500