Watch List notes:

Iran. Pahlavi. Bank Melli Iran. 50 Rials. SH 1317 (1938). P-35Aa. Western serial numbers. Reza Shah at right, Mount Damavand at right; Ancient ruins, Lion and Sun Arms left, Persian text. Red date stamp SH 1320 on back. A few tiny edge nicks and corner fold. VF..

Estimate: $100 - $150