1 Palestine Pound

1 Palestine Pound - obverse1 Palestine Pound - reverse

© aaronmgd 2020 (CC BY-NC-SA)

Features

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.

Obverse

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

Reverse

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

Printer

American Banknote Corporation (American Bank Note Company), Ottawa, New York, United States (1795-date)

Comments

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
ND (1948-1952)  Photo $ 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.

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Past sales

Pictures Sale Date Grade Sold price
Picture 1 of a sold 1 Palestine PoundPicture 1 of a sold 1 Palestine Pound
Katz
Auction 78
Lot 2491
Internet Archive
1 Mar 2023 VF USD 107.89
(EUR 100.00)
(+ buyer's premium)
Picture 1 of a sold 1 Palestine PoundPicture 1 of a sold 1 Palestine Pound
Katz
Auction 71
Lot 3778
Internet Archive
30 Nov 2022 VF USD 87.39
(EUR 81.00)
(+ buyer's premium)
Picture 1 of a sold 1 Palestine PoundPicture 1 of a sold 1 Palestine Pound
Katz
Auction 62
Lot 502
Internet Archive
21 Jun 2022 VF USD 37.76
(EUR 35.00)
(+ buyer's premium)
Picture 1 of a sold 1 Palestine PoundPicture 1 of a sold 1 Palestine Pound
Katz
Auction 95
Lot 1860
Internet Archive
16 Sep 2023 F USD 77.68
(EUR 72.00)
(+ buyer's premium)
See the sales

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