1/2 Pahlavī - Rezā Pahlavī

Reza Shah's gold coinage was introduced as part of a sweeping monetary modernization that accompanied the founding of Bank Melli Iran in 1928 — the country's first national bank, which finally wrested control of currency issuance from the British-controlled Imperial Bank of Persia. The Pahlavi denominations were entirely new constructs, replacing the Toman system and anchoring Iranian currency to a decimalized framework for the first time.

Fr#96 is the Feuardent reference for this type, confirming its standing as a recognized gold issue rather than a presentation or pattern. Production ran across five years with no dramatic mintage interruptions recorded, though quantities struck annually were modest by any regional standard.