Watch List notes:

Central Bank of Iran, a pair of obverse and reverse printer's archival photographs for an unadopted design of 20 rials, 1961, black and white, eagle at centre, Shah Pahlavi at right, reverse, oil drums,, (Pick unlisted design), pencil annotations '16.3.61', mounted on card, unusual and rare (2 notes), "This lot is subject to import restrictions into certain countries. Please enquire with us before buying.".

Estimate: £100 - £140