Watch List notes:

Iran. Pahlavi. Bank Melli Iran. Specimen 50 Rials. (SH 1313 -1934). P-27s. 00000. Olive on multicolor. Reza Shah portrait upper left, Palace of 40 columns at right; Lion and Sun Arms. SPECIMEN in red diagonally twice on front, two punch cancel. American Bank Note Co. Uncirculated..

Estimate: $500 - $600