Watch List notes:

Iran - Imperial Bank of Persia 5 Tomans Pick 13 - issued 1924 to 1932, this piece stamped on obverse across centre in black as follows from top of banknote - Arabic writing, 25th July 1925, oval seal - Arabic writing and stars with lion at centre, "PAYABLE at TEHERAN ONLY" on reverse hence the redemption place is Teheran, serial number C/A 075282 in black at all four quadrants of the reverse. Signatures: V.L. Walter & M.Murrey, PMG Very Good 10 NET, Tape Reconstruction, Edge Damage, and one of the earlier issued examples. Printed by Waterlow & Sons Limited, London Wall, London inscribed in small script at lower centre margins both on obverse and reverse. The banknote is in black on light green/pink underprint on obverse featuring a portrait of Shah Muzaffar ad-Din at right and green reverse with Large 5 at centre, watermark: Lion and sun.

Estimate: 650-800 GBP