Israel - 5 Palestine Pounds 1948 - Anglo-Palestine - PMG 63 Choice Uncirculated - Pick 16a

Israel - 5 Palestine Pounds 1948 - Anglo-Palestine - PMG 63 Choice Uncirculated - Pick 16a A very difficult banknote to obtain in Uncirculated condition. This is one of the few examples to have been offered for sale in this condition in recent years. High-grade examples of Pick 16a are recognized as scarce in the professional auction market. The PMG holder notes "Toning, Minor Edge Damage." A 5 Palestine Pounds banknote issued by The Anglo-Palestine Bank Limited, from the first banknote issue used by the State of Israel following its establishment in 1948. The notes were prepared in anticipation of independence, at a time when the official name of the new state had not yet been determined, and consequently the name "Israel" does not appear on them. This series constituted the new state's first paper currency following the Declaration of Independence. Obverse: The bank's name appears in Hebrew: "בנק אנגלו-פלשתינה בע"מ" (The Anglo-Palestine Bank Limited) with the denomination "חמש לירות א"י" (Five Palestine Pounds) at center. Serial number D952830 appears twice. At bottom: "THE ANGLO-PALESTINE BANK LIMITED" "FIVE PALESTINE POUNDS" together with Tel-Aviv and the signatures of S. Hoofien and A. Barth. Reverse: The bank name and denomination appear in Arabic and English within an ornamental design: "THE ANGLO-PALESTINE BANK LIMITED" "FIVE PALESTINE POUNDS". Graded PMG 63 Choice Uncirculated. Holder label: "Israel, Anglo-Palestine Bank Ltd. / Pick# 16a ND (1948-51) £5 / S/N D952830 - Printer: ABNC". PMG notation: "Toning, Minor Edge Damage." Certification No.: 2576245-033.