Watch List notes:

(g) Persia, Pahlavi Dynasty, Mohammad Reza Shah (1941-1979), "Golden Jubilee of the National Bank of Iran", Commemorative Octagon Gold Proof Medal, MS2535 (1976), conjoined busts of the Shah and his father Reza Shah, rev. bank emblem over facade of the central bank building, 28mm, 9.88g, 900 Fine, a scattering of previous handling marks and a spot of red tone to field, otherwise brilliant with cameo definition, practically as struck.

Estimate: £450 - £550