Watch List notes:

Persia, Pahlavi Dynasty, Mohammad Reza Shah (1941-1979), Proof Octagon Medal, Golden Jubilee of the National Bank of Iran, 900 fine gold, MS2535 (1976), conjoined busts of the Shah and his father Reza Shah, rev. bank emblem over facade of the central bank building, 21mm, 4.88g, some faint friction hairlines to surface, otherwise brilliant, practically as struck.

Estimate: £250 - £300