Watch List notes:

IRAN: 500 Rials (ND 1971-1973) in black on orange,green and multicolor unpt with Shah Pahlavi (seventh portrait) in army uniform at right. S/N: "71/ 625517". WMK: Young Shah Pahlavi. Signature #13. Printed by H&S (without imprint). Inside holder by PMG "About Uncirculated 55". (Pick 93c).