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Auction: 24300 - World Banknotes - e-Auction
Lot: 348

(x) Imperial Bank of Persia, specimen 100 Tomans, ND (1890-1923), serial number range J 05601 - J/A 00100,
the Imperial Bank of Persia first series commenced in 1890, and each denomination from the 1 Toman to the 1000 Toman note was assigned a single capital letter in alphabetical order (excluding 'I' to avoid confusion with the numeral 1). The prefix letter initially assigned to the 100 Toman was the letter J, with this single-letter prefix system being employed until circa 1903.
However, the increasing demand for banknotes prompted the introduction of split prefix letters on all denominations after 1903, excluding the 1000 Toman note. The original alphabetical sequence persisted, but now additional letters were appended to the original ones, starting with "A". The new initial prefix for the 100 Tomans of the notes printed after 1903 was J/A.
The particular specimen note we bring for sale marks the transition between these systems, marked with the special serial number range J 05601 - J/A 00100.
This specimen was part of a limited run of only 4500 notes and provides an example of the few notes issued for each date. Only 17500 copies of 100 Toman note were printed over a period of 20 years from 1890 to 1910, with 10000 more banknotes printed from 1910 until 1924 when the prefix letters changed again, assigning the 100 Toman notes a new prefix letter "X".
Despite the fact that this note is undated, with this knowledge we can approximate the timeframe of this specimen to belong to the period circa 1903-1910

(Pick 8s, BNB 110), in PMG holder 58 Choice About Uncirculated, printer's annotation, an incredible note showcasing transition of prefixes. Historically significant and rare

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

Estimate

Starting price
£4200