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World Paper Money > Iran

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German Treasury
M3 5 Tomans on 20 Mark ND (1916-17 - old date 19.2.1914)
Grade: VF/XF    

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Made during World War I German occupation of Persia; series N. Red revalued overprint on Germany (#46b). According to the Rosenberg German catalog, letter N was used on genuinely overprinted notes. Exquisite condition for this excessively difficult type.

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