Iran Four-1-Million Rials Banknote Set

Four Distinct Issues in One Purchase

Instead of buying four separate listings, collectors receive a coordinated sequence of Iran’s 1 Million Rials issues. Consequently, the set provides an efficient way to study how one denomination changed across several years.

A Clear Design Evolution

The collection moves from the Tachara Palace and atomic imagery of W154A and W154B to the refinery designs of W165 and W166. In addition, the most recent issue introduces the Fatima Masumeh Shrine as its principal architectural subject.

Consistent UNC Preservation

All four notes come in uncirculated condition. As a result, the set offers a more consistent appearance for albums, comparative displays, and long-term archival storage.

Strong Regional Collection Role

These high-denomination notes fit naturally into collections focused on Iran, Persian numismatics, modern Middle Eastern currency, or changing banknote security technology.

1 Million Rials — Pick W154A

Issue Year: 2008

Obverse: The front presents the Tachara Palace at Persepolis, one of the best-known examples of Achaemenid architecture.

Reverse: In contrast, the reverse uses an atomic structure to represent scientific development and modern national progress.

Security: The note includes a windowed security thread, watermark, and micro-printing.

Collector Role: W154A establishes the earliest design stage represented in this four-note sequence.

1 Million Rials — Pick W154B

Issue Year: 2014

Obverse: The Tachara Palace at Persepolis remains the central architectural subject on the front.

Reverse: Meanwhile, the atomic structure continues the scientific theme used on the preceding issue.

Security: This version features UV-reactive fibers, color-shifting ink, and an embedded security thread.

Collector Role: Although its primary subjects resemble W154A, W154B provides a separate catalogue variety with updated production and security characteristics.

1 Million Rials — Pick W165

Issue Year: 2021

Obverse: The front once again highlights the Tachara Palace at Persepolis.

Reverse: However, the reverse changes significantly and displays a refinery, shifting the visual focus from atomic science to national industry and energy infrastructure.

Collector Insight: Genuine UNC examples provide a clean reference point for collectors comparing this transitional issue with the earlier W154 series.

1 Million Rials — Pick W166

Issue Period: 2022–2023

Obverse: The front introduces the Fatima Masumeh Shrine in Qom, creating a clear visual break from the Tachara Palace design used on the preceding notes.

Reverse: The refinery theme continues on the back and connects the issue with the industrial imagery of W165.

Collector Insight: As the most recent design included in this set, W166 completes the sequence with a new architectural subject and updated visual identity.

The set provides a useful side-by-side study of continuity and change. First, W154A and W154B share the Tachara Palace and atomic structure themes. Next, W165 retains the palace but replaces the scientific reverse with refinery imagery.

Finally, W166 changes the principal architectural subject to the Fatima Masumeh Shrine while keeping the refinery on the reverse. Therefore, the collection shows how Iran updated one high-value denomination without removing every visual connection to the preceding issue.

The four-note format also helps collectors compare color palettes, printing styles, catalogue classifications, and security details. Consequently, the set carries stronger reference value than any one issue viewed in isolation.

• Country: Iran
• Issuer: Central Bank of the Islamic Republic of Iran
• Denomination: 1,000,000 Rials per banknote
• Notes Included: Four different issues
• Pick Numbers: W154A · W154B · W165 · W166
• Issue Years: 2008 · 2014 · 2021 · 2022–2023
• Condition: UNC — Uncirculated
• Collection Type: Modern Iranian high-denomination issue set

• Collectors comparing several issues of the same Iranian denomination.
• Iranian currency specialists organizing notes by Pick number and year.
• Middle Eastern banknote collectors seeking modern high-value issues.
• Hobbyists studying changes in architecture, industry, and security printing.
• Collectors who prefer a coordinated UNC set instead of mixed individual purchases.

Does this set contain four different 1 Million Rials notes?

Yes. The set includes four distinct catalogue issues: W154A, W154B, W165, and W166. Therefore, it is not a quantity lot of four identical notes.

Are all four Iranian banknotes uncirculated?

Yes. Every banknote comes in UNC condition and should show no normal circulation wear.

Why do W154A and W154B look similar?

Both issues use the Tachara Palace on the front and atomic imagery on the reverse. Nevertheless, they carry separate catalogue classifications and differ in issue period and security characteristics.

Will I receive the exact serial numbers shown?

Serial numbers and prefixes may vary. However, the supplied notes will match the stated Pick numbers, designs, denomination, authenticity, and UNC grade.

• Place each issue in a separate acid-free banknote sleeve.
• Label the sleeves by Pick number and issue year for easier comparison.
• Handle the notes only by their edges to preserve the UNC surfaces.
• Keep the complete four-note sequence together as one catalogue set.
• Store the notes away from moisture, direct sunlight, heat, and pressure.
• Avoid PVC holders that may damage the paper during long-term storage.