2017-04-11 Tue

On 24th April, Dix Noonan Webb’s auction is going to offer four trial notes of the Palestine Currency Board issued under the British Mandate in 1929. All the notes are dated 30th September 1929. The British Mandate for Palestine issued their first banknotes on 1st September 1927. The offered notes are from the second series. The 50-, 10-, and 5-pound notes depict the Tower of Ramla while the 1-pound note features Dome of the Rock from Jerusalem.

The rarest of them is a 50-pound note which is expected to bring £30,000 to £40,000. The 10-pound note has an estimated value of £12,000 to £15,000, the 5-pound note has an estimated value of £8,000 to £10,000, and the 1-pound note has an estimated value of £6,000 to £8,000.

Colour trails are printed before specimen notes which the designs are finalised and the colours have to be decided. They are rarer than specimen notes.

Palestine was earlier, a part of the Ottoman Empire which took Germany’s side during World War I. Britain was asked to administer Palestine by the League of Nations in 1922. The mandate ended in May 1948 after Palestine was divided to create the State of Israel by United Nations.