Watch List notes:

(x) Imperial Bank of Persia, 5 tomans, Teheran, 11 August 1928, serial number C/C 001613, black on green and mauve underprint, Shah Nasr-ed-Din at right, value at centre and four corners, two printed signatures at lower left and right, reverse, green, value at centre, left and each corners,(Pick 13, TBB B115), minor repairs at reverse, otherwise about very fine, rare.

Estimate: £1,000 - £1,500