Watch List notes:

(x) Bank Melli Iran, obverse and reverse archival photographs showing designs for a 100 Rials, AH1317 (1938), this design features changes including an engraved portrait of the Shah and no central guilloche pattern(Pick 36A, TBB B130), ink numeral 'C.925' on the obverse and reverse, in PCGS holder number 62 and 66 PPQ, uncirculated to gem uncirculated (2).

Estimate: £450 - £550