Issuer | Israel |
---|---|
Issuing bank | Anglo-Palestine Bank |
Period |
State of Israel (1948-date)
|
Type | Standard banknote |
Years | 1948-1952 |
Value | 1 Palestine Pound |
Currency | Palestine Pound (1948-1949) |
Composition | Paper |
Size | 150 × 75 mm |
Shape | Rectangular |
Demonetized | 23 June 1952 |
Number | N# 207744 |
References |
P# 15
Tracy L. Schmidt (editor); 2019. Standard Catalog of World Paper Money. Modern issues 1961-present (25th edition). Krause Publications, Iola, Wisconsin, United States.
And 2 more volumes. |
Guilloches; the denomination and "The Anglo-Palestine Bank Limited" in Hebrew and English.
Lettering:
1
בנק אנגלו-פלשתינה בע"מ
תל-אביב
ישלם למוכ"ז
לירה א"י אחת
הבנק יקבל השטר הזה לשלם תשלום בכל חשבון שהוא
THE ANGLO-PALESTINE BANK LIMITED
WILL PAY TO THE BEARER
ONE PALESTINE POUND
TEL-AVIV
LEGAL TENDER FOR PAYMENT OF ANY AMOUNT
מטבע חוקית לתשלום כל סכום שהוא
THE BANK WILL ACCEPT THIS NOTE FOR PAYMENT IN ANY ACCOUNT
Guilloches; the denomination and "The Anglo-Palestine Bank Limited" in Arabic and English.
Lettering:
١
البنك الانجلو فلسطينى المحدود
THE ANGLO-PALESTINE BANK LIMITED
LEGAL TENDER FOR PAYMENT OF ANY AMOUNT
THE ANGLO-PALESTINE BANK LIMITED
WILL PAY TO THE BEARER
ONE PALESTINE POUND
TEL-AVIV
THE BANK WILL ACCEPT THIS NOTE FOR PAYMENT IN ANY ACCOUNT
The Anglo-Palestine Bank Limited
1948
1 Palestine Pound = 1000 Mils
Date of issue: 18 August 1948
Signatures: Eliezer (Siegfried) Hoofien, Chairman of the Board; Aharon Barth, General Manager
Color of serial numbering: Red
---------------------------------
Other Information:
When the leaders of the Yishuv (the Jewish community in British Mandatory Palestine) were engaged in establishing the new State, one of the matters they had to deal with was its currency. As the name of the new nation had not been decided, the question arose as to what would be printed on the banknotes. The banknotes could not be printed in this country as the British Mandate had not yet expired, and also for lack of the required technical expertise. At the same time it was clear that no reputable foreign firm would print money for a nonexistent state. After considerable effort, Siegfried Hoofien, then Chairman of the Board of the Anglo-Palestine Bank, persuaded the American Banknote Company of New York to print the banknotes. To obviate the need for State Department approval for printing banknotes of a foreign country, the notes as ordered gave no indication of their being legal tender. The legend "Legal tender for payment of any amount" was subsequently overprinted. In addition, the company stipulated that its name should not appear on the notes. The design of the banknotes was based on different combinations of guilloches in the company's stock, some of which were used for printing banknotes for China! When the banknotes were ordered, no one yet knew what the name of the new state would be, let alone its currency. It was therefore decided to print "Palestine Pound" on the notes, the currency of the mandate.
The banknotes reached this country secretly in July 1948. On August 17 the government passed a law declaring the notes legal tender, and they were put into circulation on the following day.
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Date | VG | F | VF | XF | AU | UNC | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Undetermined | ||||||||||||||
ND (1948-1952) | $ 58 | $ 87 | Undated |
Values in the table above are expressed in USD. They are based on evaluations by Numista users and sales realized on Internet platforms. They serve as an indication only; they are not intended to be relied upon for buying, selling or exchanging. Numista does not buy or sell coins or banknotes.
No member from this site currently wants to exchange it.
Pictures | Sale | Date | Grade | Sold price |
---|---|---|---|---|
Katz Auction 78 Lot 2491 |
1 Mar 2023 | VF |
USD 107.89
(EUR 100.00) (+ buyer's premium) |
|
© Katz Coins Notes & Supplies Corp. | ||||
Katz Auction 71 Lot 3778 |
30 Nov 2022 | VF |
USD 87.39
(EUR 81.00) (+ buyer's premium) |
|
© Katz Coins Notes & Supplies Corp. | ||||
Katz Auction 62 Lot 502 |
21 Jun 2022 | VF |
USD 37.76
(EUR 35.00) (+ buyer's premium) |
|
© Katz Coins Notes & Supplies Corp. | ||||
Katz Auction 95 Lot 1860 |
16 Sep 2023 | F |
USD 77.68
(EUR 72.00) (+ buyer's premium) |
|
© Katz Coins Notes & Supplies Corp. |