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, red De la Rue oval seal, red SPECIMEN overprint,(Pick 38Cs, TBB B133s2, Farahbakhsh p.42), printers ink numeral low left, mounting traces, in PCGS holder number 58, choice about uncirculated, very rare.

Estimate: £3,000 - £4,000