Watch List notes:

(x) Bank Melli Iran, specimen 10000 rials, AH 1317 (1938), red serial number 1/000000, blue and multicoloured, Shah Reza three quarter facing to left at centre, palace at left, ruins at Persepolis at right, value at each corner, signatures of Khosravi and Hajir, reverse blue and pale green, viaduct, at centre, column at left and right, arms top right(Pick 38Cs, TBB B133s2, Farahbakhsh p.42), red De la Rue oval seal, red SPECIMEN overprint, printers ink numeral low left, good extremely fine and a handsome note, lovely and very rare.

Estimate: £4,000 - £6,000