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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: Good    

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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 overprined notes. Significant areas missing from being burned. Sold as is; no returns.

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