1944 IRR 5 Rials Bank Melli Pick 39 PMG 66 EPQ Gem Uncirculated Shah Pahlavi Rare

1944 Iran 5 Rials Bank Melli Pick 39 PMG 66 EPQ Gem Uncirculated Shah Pahlavi Rare

Presented here is a handsome Iran 5 Rials note from Bank Melli, cataloged as Pick 39 and graded PMG 66 EPQ Gem Uncirculated. Dated ND (1944) on the PMG holder, this note is a highly attractive early Pahlavi-era issue that combines royal portraiture, elegant Persian design, and strong collector appeal. Certified in premium grade with Exceptional Paper Quality, it is a superb example of mid-20th century Iranian paper money.

In terms of authenticity, this note is professionally authenticated and graded by PMG (Paper Money Guaranty), one of the most respected third-party services in world paper money. The holder identifies the note as Iran, Bank Melli, Pick 39, ND (1944), 5 Rials, with Printer: H&S, Watermark: Imperial Crown, and Signature #1. That certification provides collectors with confidence in the note’s genuineness, proper attribution, and state of preservation.

Historically, this issue belongs to an important period in Iranian monetary history, when Bank Melli served as the nation’s central banking institution and issuer of currency. Notes of this era reflect the modernization of Iran’s financial system under the Pahlavi state while still preserving distinct national artistic elements. The portrait at right represents the royal imagery closely associated with the period, making the note not just a monetary instrument but also a compact historical document from wartime-era Iran.

The design is refined and visually balanced. The face features an ornate Persian calligraphic layout with a portrait of Mohammad Reza Shah Pahlavi at right, framed by intricate borders and a central decorative cartouche. The reddish-brown color palette gives the note a warm, classic appearance, while the reverse showcases an architectural vignette with a tall brick tower and surrounding arcade, adding further charm and regional character. The noted Imperial Crown watermark is an especially desirable feature, reinforcing both authenticity and the royal symbolism of the series.

The 5 Rials denomination is a classic and collectible value from this period, representing an accessible yet historically significant issue from one of the most popular areas in Middle Eastern banknote collecting. In elite PMG 66 EPQ grade, this example stands out for both quality and eye appeal, making it an excellent candidate for a type set, an Iran collection, or a broader world note collection focused on portrait issues and monarchic-era currency.

Catalog Details:
Country: Iran
Issuer: Bank Melli
Denomination: 5 Rials
Date: ND (1944)
Catalog Number: Pick 39
Printer: H&S
Watermark: Imperial Crown
Signature Variety: Sign. #1
Grade: PMG 66 EPQ Gem Uncirculated

Collector’s Value:
This note offers a compelling blend of historical importance, royal-era design, premium certification, and strong visual appeal. High-grade early Bank Melli notes are always sought after, and a Pick 39 in PMG 66 EPQ is a particularly desirable example for collectors who appreciate originality and quality. Whether added to an Iran specialist collection or a broader world banknote cabinet, this piece has the kind of presence and certified quality that makes it highly rewarding to own.