100 rials 1954
Market Prices
14 salesAbout This Note
This is an exceptional example of Iran's 1954 100 Rials note (Pick P-67), presented in uncirculated condition with crisp paper, vibrant multicolor printing, and no visible wear or creasing. The note showcases the refined engraving work characteristic of Harrison & Sons production, featuring Shah Mohammad Reza Pahlavi's military portrait on the obverse and a detailed depiction of the Abadan Oil Refinery on the reverse—both central symbols of Iran's modernization during the early Pahlavi era. The ornate Persian geometric and floral border designs, combined with the excellent preservation, make this a desirable example for collectors of mid-20th century Iranian currency.
Common. Auction and market data indicate regular circulation and availability; eBay sales records show consistent sales across multiple condition grades from 2011-2022, with UNC examples selling for approximately $17.80-$50 USD depending on exact condition and year. The note is neither scarce nor rare, reflecting a substantial print run typical of regular-issue currency from a major central bank during a stable period of issuance.
Issued in 1333 AH (1954 CE) by Bank Melli Iran, this note reflects a pivotal moment in Iranian history during Mohammad Reza Shah Pahlavi's reign, when the nation was positioning itself as a modern, industrial power following the 1951-1953 oil nationalization crisis. The prominent depiction of the Abadan Oil Refinery—then the world's largest—on the reverse symbolized Iran's petroleum wealth and industrial ambitions, which were central to the Shah's modernization agenda. The Shah's military portrait in formal uniform on the obverse reinforced state authority and nationalist imagery during a period of significant geopolitical realignment.
The obverse features a formal portrait of Mohammad Reza Shah Pahlavi in profile facing left, dressed in military uniform with formal collar detailing, positioned to the right of an elaborate mandala-like rosette design rendered in green, blue, and purple. The entire composition is framed by intricate Persian geometric and floral border patterns typical of traditional Islamic decorative arts. The reverse depicts the Abadan Oil Refinery with meticulous line-engraved detail showing multiple smokestacks, industrial structures, processing equipment, and elevated walkways—rendered in the same purple and mauve palette. Both sides employ ornamental corner elements and geometric frames that integrate modern industrial imagery with classical Persian aesthetic traditions.
Front side: 'بانک ملی ایران' (Bank Melli Iran); serial number markings in Persian/Arabic numerals. Back side: 'BANK MELLI IRAN' (Bank Melli Iran, in English); 'RIALS 100' (denomination in English); '۱۰۰' (100 in Persian numerals); 'ریال' (Rials in Persian). The bilingual presentation reflects Iran's engagement with international commerce and Western institutional practices during this modernization period.
Intaglio engraving (line engraving), executed by Harrison & Sons of London (without printer imprint as noted in catalog references). The visual characteristics—fine line work, intricate micropattern backgrounds, subtle shading through parallel line techniques, and the precise detail in both the portrait and industrial landscape—are consistent with Harrison & Sons' signature engraving methodology. A yellow security thread runs vertically through the note. The watermark features the young Shah Pahlavi's portrait and is integral to the paper itself.
The specimen observed is dated SH 1333 (1954) and exhibits the standard design with Shah Mohammad Reza Pahlavi in military dress. Serial number format visible includes Persian/Arabic numerals (۱۵/۶۲۲۱۷ pattern observed). Known varieties for Pick P-67 may include variations in serial number prefixes or minor printing register shifts typical of the era, though the standard Harrison & Sons engraved design remained consistent throughout the issue. No overprints or unusual markings are evident in this example.
