Watch List notes:

Bank Markazi Iran, Specimen 500 rials, ND (1981), serial number 0, black, brown, green and orange, Mohammad Reza Shah Pahlavi at right, reverse, winged bulls fom Marlik at left centre, (Pick 104s, TBB B236s), red SPECIMEN overprint, De La Rue stamps at obverse and reverse, cancellation punch holes, uncirculated, rare "This lot is subject to import restrictions into certain countries. Please enquire with us before buying.".

Estimate: £120 - £180