1979 50 Rials from Iran - Formerly Persia. Pick number 123b and serial number 79/1 285119. Graded 67 Premium Paper Quality Superb Gem New by PCGS. According to PMG Population Report there is only two graded at 67 level with none graded finer. Amazing high grade banknote that shows bold green color on fresh original paper with perfect margins and deep embossing. Excellent eye appeal. Arabesque black type D design over Shah at right and black calligraphic Persian text JUMHURI-YE ISLAMI-YE-IRAN (Islamic Republic of Iran) over watermark area at left. Green on brown, blue, and multicolored underprint. Portrait of Shah Pahlavi at right. Persian carpet design at left. Tomb of Cyrus the Great at Pasargarde at left center on back. Black security thread.
Mohammad Reza Shah Pahlavi was the Shah of Iran from 16 September 1941 until his overthrow by the Iranian Revolution on 11 February 1979. He took the title Shāhanshāh on 26 October 1967. Mohammad Reza was educated in Switzerland and returned to Iran in 1935. In the early 1950s a struggle for control of the Iranian government developed between the shah and Mohammad Mosaddeq, a zealous Iranian nationalist. In August 1953 the shah tried to dismiss Mosaddeq but was himself forced to leave the country by Mosaddeq’s supporters. Several days later, however, Mosaddeq’s opponents, with the covert support and assistance of the United States, restored Mohammad Reza to power. The shah reversed Mosaddeq’s nationalization. With U.S. assistance he then proceeded to carry out a national development program, called the White Revolution, that included construction of an expanded road, rail, and air network, a number of dam and irrigation projects, the eradication of diseases such as malaria, the encouragement and support of industrial growth, and land reform. He also established a literacy corps and a health corps for the large but isolated rural population. In the 1960s and ’70s the shah sought to develop a more independent foreign policy and established working relationships with the Soviet Union and eastern European nations.
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