A rare 1929 Palestine £100 specimen banknote sold for £65,000 in Spink's World Banknotes auction on April 10 & 11th, 2013 in UK. One amongst the greatest rarities in banknote collecting, appeared for the first time in 40 years and was on sale with other 1,690 world banknotes.
However, the prices realised for the note is below estimate price £80,000-120,000. Only 5 issued £100 Palestine Currency Board notes are known to exist today. The 100 pound Palestinian note, issued 30 September 1929 is extremely rare and has attracted great attention at the auction.
1929 Palestine Currency Board £100 specimen banknote red serial number A000000
The banknote features the White Tower at Ramleh and the signatures of Sir Percy Ezechiel, Sir John Caulcutt and Roland Vanables Members of the Palestine Currency Board. On its reverse it displays the Tower of David and the Citadel of Jerusalem at centre, value at left and right and low centre. It bears the serial number A 000000 and is a green and pale orange-brown colour.
(Pick 10bs, Dabbah page 220 and page 221 for similar), traces of repair at upper left side of the note (right side of its reverse), perforated CANCELLED, ink annotation '65' in top right margin (similar to Dabbah specimen on page 221 for), small purple SPECIMEN handstamp at low right, apart from mounting at left a fresh extremely fine, unique.
All essay banknotes of Malaya and British Borneo in the same auction that I posted earlier in an article were also sold; Malaya & British Borneo notes essay SPINK auction.
