Imperial Bank of Persia, specimen 1 Toman, Teheran, ND (1924-32), Walter and McMurray signatures, red SPECIMEN overprint and perforations, ink stamp and staple holes, in PMG holder 40, extremely fine, like most Waterlow printings, specimens for this issue are extremely rare, this being the only example ever graded by PMG
BNB B113as, Pick 11s £2,000-£2,600

This lot was sold as part of a special collection, The Mount Damavand Collection of Persian Banknotes.

View
Collection

The Waterlow & Sons archive was destroyed during the Blitz in the Second World War. While many colour trials survived in salesmen's books, true specimens like this are extremely rare as most went up in flames.