Watch List notes:

IRAN: Muhammad Reza Shah, 1941-1979, AV medal (29.93g), MS2536 (1977), 40mm gold medal for the Golden Jubilee of the Opening of the National Bank of Iran by Reza Shah; conjoined busts of Reza Shah and Muhammad Reza Shah left // National Bank of Iran building; seal of bank above; with gold fineness .900 below, PCGS graded Proof 68 DCAM.

Estimate: 2,000-2,400 USD