Watch List notes:

Bank Melli Iran, 500 rials (2), AH 1319 (1937), red serial number B759102 and AH1331 (1942), blue and multicoloured, Shah Reza at right, arms at centre, Imperial guardsman at left and right, reverse blue, the grave of Cyrus the Great at centre, Persian text(Pick 37a, TBB B131, Farahbakhsh type 57), first glue residue on reverse about very fine and scarce, second about fine.

Estimate: £500 - £600