Watch List notes:

Iran Bank Melli 500 Rials Pick 52 ND 1951 serial number 2/ 559610, good Fine - about VF with a very small fold hole to left over watermark area visible only against strong light and a Rare note, second highest denomination for the series. Dark blue on multicolour featuring a rectangular design with the second Shah Mohammad Reza Pahlavi in military uniform portrait. The reverse with an illustration of orchard with 4 orient figures. Watermarked with a young Shah Mohammad Reza Pahlavi bust facing right.

Estimate: 100-180 GBP