Watch List notes:

(x) Imperial Bank of Persia, specimen 25 Tomans, ND (1890 - 1923), G/A 00000, black on green and pink underprint with portrait of Nasr-ed-Din at right and lion at left, reverse green guilloche with lion at centre and text PAYABLE AT TEHERAN ONLY above, numbers G/A17001 and G/B02000 at lower-left and upper-right respectively,(Pick 6s), in PCGS holder 67 PPQ Superb Gem New, Perforated Cancelled, a most attractive example and none of this grade listed on 'Track & Price' at time of cataloguing.

Estimate: £5,000 - £6,000