Watch List notes:

IRAN: 5 Rials (ND 1944) in reddish brown on light green and pink unpt with Shah Pahlavi (first protrait) in army uniform at right. S/N: "1/G 362168". WMK: Imperial Crown. Printed by H&S (without imprint). Inside holder by PMG "Choice About Unc 58 - EPQ". (Pick 39).