The Mount Damavand Collection of Persian Banknotes

Imperial Bank of Persia, cancelled 5 Tomans, Teheran, 15 August 1929, serial number C/C 026179 Walter and McMurray signatures, in PMG holder 20, very fine, with various cancellations including triangle cut from lower edge, rare to find these official cancellations on the market as they were supposed to be destroyed
BNB B115a, Pick 13 £500-£700

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

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This note was officially redeemed and cancelled at the bank offices in Tehran, supposedly as a prelude to destruction. It is unclear why this destruction was not carried out.