Lot #987
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Palestine - 5 Pounds 1929 - PMG 20 NET - Prefix A
Palestine – 5 Pounds 1929 – PMG 20 NET – Prefix A
Banknote from 1929, a very difficult year to obtain in quality, 11 banknotes are known according to PMG over a grading of 30.
In 1917, the British conquered Israel from the Ottomans and British military rule in Israel began.
The Monetary Council money notes were the first notes issued for Israel (formerly Palestine),
went into circulation on November 1, 1927, and served as a legal process in both Jordan and the Gaza Strip.
The banknote values in the series were 500 Mmiles, 1 , 5 , 10 , 50 and 100 Pounds.
The notes were of different colors, and carried paintings of David’s Tower, the Dome of the Rock,
the White Tower, and Rachel’s Tomb.
Observe: A Drawing of the White Tower in Ramla city.
Reverse: a painting of David’s Tower.
Watermark: An olive tree branch
Signatures: P. EZECHIAL J. CAULCUTT R.V. VERNON
Number color: Red
Dimensions: 165X89mm
KM # 8b