IRAN. German Military WWI. 5 Tomans On 20 Mark, 1914 ND (1916-17). P-M3. PMG Extremely Fine 40.
Overprint on Germany P-46. Bright red overprints. Edge damage mentioned by PMG. Overall, a nice example for anyone needing the type.
From the Ricardo Collection.
Estimate: $1250 - $1750