ISRAEL. Anglo-Palestine Bank Limited. 10 Pounds, ND (1948-51). P-17a. PMG Choice Uncirculated 64.
D prefix. A wholesome choice uncirculated example of this historic issue. This series is progressively more difficult to find in uncirculated grades. The Anglo-Palestine Bank Limited took the responsibility of bank note issuance for the newly formed State of Israel as no central bank had been established for the country yet. At the same time that this series, printed by the American Bank Note Company in the United States was being prepared a locally printed series was also printed, but the new notes arrived from America quickly enough that the emergency issue was not necessary. As a result, however, the design of the Anglo-Palestine notes was a rather simplistic affair, utilizing existing ABNC patterns. The notes entered circulation in August of 1948. The series consisted of five denominations denominated in Mills and Palestine Pounds. The notes found eager use in Israel and were put into circulation for several years, until the establishment of the Bank Leumi le-Israel B.M, which introduced a similar series of notes also produced by the American Bank Note Company. The notes from the Anglo-Palestine Bank were withdrawn as they wore out over the next few years. A classic series from a heavily collected area, high grade pieces such as the present example are very scarce, especially for the higher denominations. This 10 Pound features nice color for the grade, good centering and strong eye appeal for the technical grade. An outstanding opportunity for the specialist not to be missed.

Estimate: $6000.00 - $8000.00