Watch List notes:

Bank Markazi Iran, 500 rials (3 consecutive), ND (1978), pink and multicoloured, Shah Pahlavi/Arabesque overprint at right, signatures of Kish and Yeganeh, reverse winged bulls from Marlik, Pick 114, TBB B236b, 247b), the middle note with the Shah's portrait, the first and last with Arabesque overprint, unusual and rare. Uncirculated (3).

Estimate: £280 - £350