Watch List notes:

Bank Melli Iran, obverse proof 500 rials, ND 1932-34, blue on multicolour underprint, portrait Shah Reza with high cap full face at left, mount Damavand at right, (Pick 23 for similar) has been fully mounted before with glue stains at back, missing margins, split at top margin, punch holes, otherwise solid paper and banknote itself is in extremely fine condition, nonetheless rare. This lot is subject to import restrictions into certain countries. Please enquire with us before buying..

Estimate: £750 - £900