Watch List notes:

IRAN: Muhammad Reza Shah, 1941-1979, AV medal (40.08g), SH1344/JE5726, 40mm, commemorative medal in gold, 25 years of reign of His Excellency Mohammad Reza Pahlavi; Committee of the Jewish community of Iran, PCGS graded MS65.

Estimate: 2,300-2,500 USD