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Auction: 23888 - The Michael E. Bonine Collection of Persian and World Banknotes
Lot: 111

(x) Bank Melli, Iran, 500 Rials, ND (1932), serial number A049549, blue on multicolour underprint with vignette portrait of Shah Reza in military dress at centre left. Vignette depicting Mount Demavand at centre right, flanked on either side by the value in Farsi script. Value also present in each corner. Serial number printed in centre left and right, two signatures present at the bottom.
Reverse features the Imperial arms at the centre, surrounded by the value in Farsi script. Value also reproduced in the corners. Persian calendar date printed in black vertically on the right, reading "1311 Amurdad 1"
(Pick 23a, BNB 106b), about fine, scarce

Subject to 5% tax on Hammer Price in addition to 20% VAT on Buyer’s Premium.

Sold for
£5,800

Starting price
£1000