Watch List notes:

Iran, Bank Melli Iran, uniface obverse and reverse plate colour die proofs for 20 rials, series of 1948-1951, the obverse with '12 Brown' and '12.1.48.', in typed text on top border, Shah Palavi in army uniform at right and the reverse with '14 Brown' in typed text, same date as the obverse and shows a lion biting a stylised bull, signed by Mohammad Ali Bamdad and Abdol Hossein Ebtehaj,(Pick 48pr, TBB B143ap), both in PCGS holders, front proof 63 choice new, reverse proof 50 about new, both with minor stains, Very rare (1 pair).

Estimate: £300 - £400