Watch List notes:

Iran. Silver- Medal for Meritorious service, SH1304 (1925). 31 mm. 2nd Class in silver, 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. Extremely Fine. Estimated Value $200 - 300
See Iranian Official Decorations #55.