Collection: Iran’s Kingdom (Pahlavi Dynasty)

The banknotes issued during the Pahlavi Dynasty (1925–1979)—under both Reza Shah (Pahlavi I) and Mohammad Reza Shah (Pahlavi II)—offer a fascinating visual narrative of Iran’s evolving identity, and blending ancient heritage. Banknotes prominently featured Achaemenid and Sasanid motifs, such as Persepolis, Pasargadae, and Susa, to evoke Iran’s imperial past.

These banknotes are highly sought after in auctions, especially due to the longstanding international embargoes against Iran, which have limited their availability outside the country. As a result, demand has surged among collectors worldwide.

Some specimens—particularly uncirculated notes have fetched over $20,000 USD at auction.

No serious banknote collection is complete without Pahlavi-era banknotes. These notes not only showcase exceptional design and historical depth, but also carried remarkably high nominal values—even during their time of circulation—reflecting Iran’s economic stature under the monarchy.

5000 Rials Purple 1971 Pahlavi Persian banknote Extremely Fine (XF) quality P95b Extremly rare and collectable

5000 Rials Purple 1971 Pahlavi Persian banknote Extremely Fine (XF) quality P95b Extremly rare and collectable

Regular price $1,050.00 AUD

Regular price Sale price $1,050.00 AUD
Unit price per
200 Rials blue 1969 Pahlavi Rare Persian banknote Uncirculated Superb P 87a

200 Rials blue 1969 Pahlavi Rare Persian banknote Uncirculated Superb P 87a

Regular price $289.00 AUD

Regular price Sale price $289.00 AUD
Unit price per
200 Rials blue 1971 Pahlavi Rare Persian banknote Uncirculated (minor Handelling) P92

200 Rials blue 1971 Pahlavi Rare Persian banknote Uncirculated (minor Handelling) P92

Regular price $115.00 AUD

Regular price Sale price $115.00 AUD
Unit price per
20 Rials 1974 Pahlavi II Persia Pick number 100 (a, b, c) Uncirculated UNC

20 Rials 1974 Pahlavi II Persia Pick number 100 (a, b, c) Uncirculated UNC

Regular price $20.00 AUD

Regular price Sale price $20.00 AUD
Unit price per
Set of 20, 50, 100, and 200 Rials Pahlavi Shah Persian notes Uncirculated UNC- Unique Gift set

Set of 20, 50, 100, and 200 Rials Pahlavi Shah Persian notes Uncirculated UNC- Unique Gift set

Regular price $165.00 AUD

Regular price Sale price $165.00 AUD
Unit price per
20 Rials 1958 Pahlavi Persian note Pahlavi Uncirculated UNC Superb quality P 69a

20 Rials 1958 Pahlavi Persian note Pahlavi Uncirculated UNC Superb quality P 69a

Regular price $135.00 AUD

Regular price Sale price $135.00 AUD
Unit price per
200 Rials 1958 Pahlavi Persian note (Rare) Extremly fine XF quality P70

200 Rials 1958 Pahlavi Persian note (Rare) Extremly fine XF quality P70

Regular price $115.00 AUD

Regular price Sale price $115.00 AUD
Unit price per
100 Rials 1951 Pahlavi Persian notes (Rare in high quality) Uncirculated with monir handling P 57

100 Rials 1951 Pahlavi Persian notes (Rare in high quality) Uncirculated with monir handling P 57

Regular price $275.00 AUD

Regular price Sale price $275.00 AUD
Unit price per
Set of 10, 20, 50 and 100 Rials 1953 Pahlavi Persian notes Uncirculated UNC

Set of 10, 20, 50 and 100 Rials 1953 Pahlavi Persian notes Uncirculated UNC

Regular price $800.00 AUD

Regular price Sale price $800.00 AUD
Unit price per
10 Rials 1948 Pahlavi Persian note Uncirculated Superb P 47

10 Rials 1948 Pahlavi Persian note Uncirculated Superb P 47

Regular price $180.00 AUD

Regular price Sale price $180.00 AUD
Unit price per
5 Rials 1944 Pahlavi II First series Persian note Uncirculated UNC P 39

5 Rials 1944 Pahlavi II First series Persian note Uncirculated UNC P 39

Regular price $148.00 AUD

Regular price Sale price $148.00 AUD
Unit price per
100 Rials 1954 Pahlavi Persian Nimrokh note Uncirculated Gem UNC P 67

100 Rials 1954 Pahlavi Persian Nimrokh note Uncirculated Gem UNC P 67

Regular price $260.00 AUD

Regular price Sale price $260.00 AUD
Unit price per
100 Rials 1979 Pahlavi Overprint Surcharge Persian note Uncirculated Superb P 118b

100 Rials 1979 Pahlavi Overprint Surcharge Persian note Uncirculated Superb P 118b

Regular price $42.00 AUD

Regular price Sale price $42.00 AUD
Unit price per
10 Rials 1954 Pahlavi Persian notes (rare) Uncirculated UNC Superb P 64

10 Rials 1954 Pahlavi Persian notes (rare) Uncirculated UNC Superb P 64

Regular price $145.00 AUD

Regular price Sale price $145.00 AUD
Unit price per
50 Rials 1971 Pahlavi Commemorative Persian notes Uncirculated Superb P 97a

50 Rials 1971 Pahlavi Commemorative Persian notes Uncirculated Superb P 97a

Regular price $65.00 AUD

Regular price Sale price $65.00 AUD
Unit price per
200 Rials blue 1971 Pahlavi Rare Persian banknote Uncirculated Superb P92

200 Rials blue 1971 Pahlavi Rare Persian banknote Uncirculated Superb P92

Regular price $180.00 AUD

Regular price Sale price $180.00 AUD
Unit price per

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Collection: Iran’s Kingdom (Pahlavi Dynasty)

5000 Rials Purple 1971 Pahlavi Persian banknote Extremely Fine (XF) quality P95b Extremly rare and collectable

5000 Rials Purple 1971 Pahlavi Persian banknote Extremely Fine (XF) quality P95b Extremly rare and collectable

200 Rials blue 1969 Pahlavi Rare Persian banknote Uncirculated Superb P 87a

200 Rials blue 1969 Pahlavi Rare Persian banknote Uncirculated Superb P 87a

200 Rials blue 1971 Pahlavi Rare Persian banknote Uncirculated (minor Handelling) P92

200 Rials blue 1971 Pahlavi Rare Persian banknote Uncirculated (minor Handelling) P92

20 Rials 1974 Pahlavi II Persia Pick number 100 (a, b, c) Uncirculated UNC

20 Rials 1974 Pahlavi II Persia Pick number 100 (a, b, c) Uncirculated UNC

Set of 20, 50, 100, and 200 Rials Pahlavi Shah Persian notes Uncirculated UNC- Unique Gift set

Set of 20, 50, 100, and 200 Rials Pahlavi Shah Persian notes Uncirculated UNC- Unique Gift set

20 Rials 1958 Pahlavi Persian note Pahlavi Uncirculated UNC Superb quality P 69a

20 Rials 1958 Pahlavi Persian note Pahlavi Uncirculated UNC Superb quality P 69a

200 Rials 1958 Pahlavi Persian note (Rare) Extremly fine XF quality P70

200 Rials 1958 Pahlavi Persian note (Rare) Extremly fine XF quality P70

100 Rials 1951 Pahlavi Persian notes (Rare in high quality) Uncirculated with monir handling P 57

100 Rials 1951 Pahlavi Persian notes (Rare in high quality) Uncirculated with monir handling P 57

Set of 10, 20, 50 and 100 Rials 1953 Pahlavi Persian notes Uncirculated UNC

Set of 10, 20, 50 and 100 Rials 1953 Pahlavi Persian notes Uncirculated UNC

10 Rials 1948 Pahlavi Persian note Uncirculated Superb P 47

10 Rials 1948 Pahlavi Persian note Uncirculated Superb P 47

5 Rials 1944 Pahlavi II First series Persian note Uncirculated UNC P 39

5 Rials 1944 Pahlavi II First series Persian note Uncirculated UNC P 39

100 Rials 1954 Pahlavi Persian Nimrokh note Uncirculated Gem UNC P 67

100 Rials 1954 Pahlavi Persian Nimrokh note Uncirculated Gem UNC P 67

100 Rials 1979 Pahlavi Overprint Surcharge Persian note Uncirculated Superb P 118b

100 Rials 1979 Pahlavi Overprint Surcharge Persian note Uncirculated Superb P 118b

10 Rials 1954 Pahlavi Persian notes (rare) Uncirculated UNC Superb P 64

10 Rials 1954 Pahlavi Persian notes (rare) Uncirculated UNC Superb P 64

50 Rials 1971 Pahlavi Commemorative Persian notes Uncirculated Superb P 97a

50 Rials 1971 Pahlavi Commemorative Persian notes Uncirculated Superb P 97a

200 Rials blue 1971 Pahlavi Rare Persian banknote Uncirculated Superb P92

200 Rials blue 1971 Pahlavi Rare Persian banknote Uncirculated Superb P92

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