Watch List notes:

(x) Bank Markazi Iran, specimen 20 rials, 1974, serial number 44/000000, black on pink underprint, Shah Mohammad Reza at right, reverse, Kuhrang dam,(Pick 100s, TBB B230s), red SPECIMEN overprint, De La Rue stamps at obverse and reverse, perforated, uncirculated, minor mounting traces at reverse.

Estimate: £200 - £250