Watch List notes:

Iran. Pahlavi. Bank Melli Iran. 500 Rials. SH 1317 (1938). P-37a. C869396. Blue on multicolor. Bare-headed Reza Shah ¾ left at right, Lion and Sun Arms at center; Grave of Cyrus the Great at Pasargarde. Bottom left cornertip missing, light blue stain edges. Otherwise VF..

Estimate: $100 - $150