Watch List notes:

(x) Bank Melli Iran, black and white obverse and reverse archival photograph on card for 10,000 Rials, AH1316 (1937), Western serial numbers A/1 000000, portrait of Shah Reza at centre building at left, minarets and ruins, reverse, pillar at left and right, bridge over river at centre, French text,, (Pick 38B for type), ink dates '23-2-37' on reverse, in PMG holders 63, 63 EPQ choice uncirculated, very rare (2), "This lot is subject to import restrictions into certain countries. Please enquire with us before buying.".

Estimate: £300 - £350