Watch List notes:

Iran. Medal for Meritorious Service, SH1304 (1925). 31 mm. 1st Class in silver-gilt, by Arthus Bertrand, Paris. Pahlavi, Reza Shah (1925-41), lion standing left holding sword, sun rising behind, within floriated border. Reverse; Farsi inscription ëfor honour and serviceí, original wire suspension. Extremely Fine. Estimated Value $300 - 400
See Iranian Official Decorations #53.