Four rare Palestinian bank notes issued under the British Mandate in
1929 are highlights of the Dix Noonan Webb paper money auction being
conducted by the firm in London on April 24. All four notes are dated
Sept. 30, 1929, and are color trial notes from the same private consignor.
The rarest of the group is a 50-pound note issued by the Palestine
Currency Board, which is almost impossible to find as an issued note
but is occasionally available as a specimen note. DNW says there is no
record of a 50-pound color trial note being on the market in recent
years and it is expected to bring £30,000 to £40,000 or $37,400 to
$49,870 at current exchange rates. The 10-pound note is estimated at
£12,000 to £15,000, the 5-pound note at £8,000 to £10,000, and the
1-pound note at £6,000 to £8,000.
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Color trials are the stage before specimen notes are issued. At the
color trial point, the design of the note has been finalized and the
authorities must decide on the colors to be used. Color trials are
much scarcer than specimen notes.
Another botched release from the United States
Mint: Inside Coin World:
The release of the Congratulations set adds to the narrative that
the U.S. Mint needs to overhaul its approach to limited-edition releases.
The first paper money issued under the British Mandate for
Palestine was dated Sept. 1, 1927. The notes in the auction are from
the second series. The 50-, 10-, and 5-pound notes depict the Tower of
Ramla or Ramleh, while the 1-pound note shows Jerusalem’s Dome of the Rock.
Britain was given a mandate to administer Palestine by the League of
Nations in 1922. Previously the territory was part of the Ottoman
Empire, which collapsed following its decision to side with Germany
during World War I. Britain ended the mandate in May 1948 after the
United Nations’ decision to partition Palestine and create the State
The entire sale of 874 lots, also with items from Iran, South
Africa, the United States, and the Commonwealth, is open for viewing
and bidding here.