Watch List notes:

(x) Bank Melli Iran, specimen 10,000 Rials, AH 1316 (1937), A/000000, purple on multicolour underprint with portrait of Reza Shah at centre flanked by views of building at left and ancient ruins at right, red De La Rue stamp lower-right and 'Specimen No. 65' in lower margin, reverse bridge at centre, pillar left and lion upper-right,(Pick 38Cs), in PCGS holder 63 PPQ Choice New, rare with this grade and none higher listed on 'Track & Price' at time of cataloguing.

Estimate: £5,000 - £6,000