Watch List notes:

(x) Bank Melli Iran, specimen 500 Rials, AH1317 (1938), Western serial number D 000000, blue on multicoloured underprint, portrait of Shah Reza at right, arms at centre, reverse tomb of Cyrus the Great at Pasargarde, Persian text, overprinted SPECIMEN in red on obverse and reverse with one specimen De La Rue oval in black on obverse(Pick 37as, TBB B131as, Farahbakhsh type 57s), a lovely note and rare.

Estimate: £500 - £600