Watch List notes:

IRAN, Pahlavis. Muhammad Reza Shah. AH 1360-1398 / AD 1941-1979. AV 14 Rials Philatelic Medal (36x44mm, 24.84 g, 12h). Coronation of Farah Diba as Shahbanu. Dated SH 1346 (AD 1967). AGW: 0.7187 oz. Crowned conjoined busts of Shah and Shahbanu left within ornate floral frame; inscription in Persian above; below, additional inscriptions in English and Persian, as well as date; all with philatelic type perforation / Blank, but for incuse inscription and hallmarks 121 MI and 900. See St. James's 13, lot 235 (for another example). Spot of tone, minor handling marks. EF.