Bidspirit auction | Israel – 500 Mils 1948

Israel – 500 Mils 1948 – PMG 64 – Prefix C - According to the PMG grading company, there are only 24 of these notes in mint condition. It is very difficult to obtain a note of this high quality, an opportunity that comes along about once a year. It has been nearly 80 years since the note was printed, but it still looks as if it was printed yesterday, a great addition to any collection. The Anglo Palestine Banknote Series is the first official series of the State of Israel. The banknotes were issued by the Bank of Anglo-Palestine on paper stamped with colored dots as a means of preventing counterfeiting. Due to the short time left until the declaration of the state, the banknotes were printed on engravings with decorations that were generally prepared for printing Chinese banknotes. Since the banknotes were printed before the establishment of the state, the names of the state and its currency were not yet known, and therefore the name of the State of Israel does not appear on the banknotes at all. The English Pound was chosen as the currency type. Observe: security drawings; the words ”500 miles” and ”Anglo-Palestine Bank Ltd.” In Hebrew and English. Reverse: security drawings; The words ”500 miles” and ”Bank of Anglo-Palestine Ltd.” in Arabic and English. Watermark: None. Signatures: Hopin – Bart Color Number: Red Dimensions: 148X72 mm SKU: KM # 14A