Previous Lot Next Lot

Auction: 24038 - The Dr. Martin M Mortazavi Collection of Persian Banknotes
Lot: 5

(x) Imperial Bank of Persia, cancelled 1 Toman, Kermanshah, 26th June 1910, black serial number O/A 005671,
when banknotes were deemed unfit for circulation, they were withdrawn and cancelled, Arabic perforations and large V-shaped cuts through the government seal were added. These cancelled notes were then sent from local branches to Tehran for incineration. Fortunately, this note was cancelled but never reached the point of destruction in Tehran.

Printed for Kermanshah, a city situated at a pivotal intersection of trade and culture, it boasts a vibrant cultural heritage. Its strategic position along Iran's western border with the Ottoman Empire made it a crucial site for political negotiations and border disputes.

In the early 20th century, Kermanshah began exploring its potential oil reserves, setting the stage for its involvement in the global oil industry. This development had significant and lasting impacts on Iran's history,
(Pick 1b, BNB 102), in PMG holder 12 NET Fine, repaired, pieces added

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

Sold for
£600

Starting price
£420