Watch List notes:

(x) Bank Melli Iran, obverse and reverse archival photographs showing designs for a 500 Rials, AH1315 (1936), features significantly different central guilloche pattern and an engraved portrait of the Shah used on the 1938 issue, Abdolhossein Hajier and Reza Khosravi signatures,(Pick 36B, TBB B123), in PCGS holder number 64 and 63 PPQ, very choice uncirculated to choice uncirculated (2).

Estimate: £500 - £600