Watch List notes:

IRAN: Muhammad Reza Pahlavi Shah, 1941-1979, AR medal (20.27g), SH[13]34, 33mm silver medal for the Opening of the Tehran Water Project, conjoined busts of Muhammad Reza Pahlavi Shah and Queen Soraya left with date (5th of Aban 1334) below, all within inner circle with wide border around // rising sun at horizon on a body of water with Persian text above and below, obverse rim bump, reeded edge, VF, RR.

Estimate: 150-250 USD