Bidspirit auction | Israel – 5 Pounds 1948

Israel – 5 Pounds 1948 – PMG 64 – Without Prefix - According to the PMG grading company, there are only 30 of these notes in mint condition. A note of this high quality is very difficult to obtain, an opportunity that comes along about once a year. Nearly 80 years have passed 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 ”Five Palestine Pounds” and ”Anglo-Palestine Bank Ltd.” In Hebrew and English. Reverse: security drawings; The words ”Five Palestine Pounds” and ”Bank of Anglo-Palestine Ltd.” in Arabic and English. Watermark: None. Signatures: Hopin – Bart Color Number: Blue Dimensions: 155X78 mm SKU: KM # 16A