Watch List notes:

(x) Bank Melli Iran, consecutive 5 rials (2), ND (1933), consecutive serial number F788864/65, green on orange underprint, Reza Shah at left, reverse, arms at left,, (Pick 24a, TBB B107a), both in PMG holders 66-67 EPQ gem uncirculated, superb gem unc. The two highest graded note of this type on PMG at the time of cataloguing, the next highest grade is 58. Extremely rare as a pair and such high grade (2). This lot is subject to import restrictions into certain countries. Please enquire with us before buying..

Estimate: £2,000 - £2,500