PMG-certified Palestine Currency Board Note Realizes More than $200,000

Posted on 6/12/2026

The centerpiece of a Stack's Bowers Galleries auction of the Olive Sprig Collection, it is the only one in the PMG Population Report.

A seldom-seen £100 note has realized one of the highest prices ever for a Middle Eastern numismatic rarity as a stunning group of PMG®-certified Palestine Currency Board banknotes from the Olive Sprig Collection were offered at auction. Stack's Bowers Galleries presented the Spring 2026 Maastricht Showcase Auction - Session 1 on May 6, 2026.

The top lot in the auction was a Palestine, Currency Board 1927 £100 graded PMG 15 Choice Fine (lot 50063), which realized $219,600. The centerpiece of the Olive Sprig Collection, the coveted Prefix A 1927 £100 note was found in a donation to an Oxfam charity store in eastern England in 2020. This particular note is only the fourth known example of the coveted denomination in private hands today and the only one in the PMG Population Report.

Click images to enlarge.

The Olive Sprig Collection of Palestine Currency Board notes was appropriately named, not only for its connections to the olive-growing region but as a reflection of the watermark that is found on each issue. Many key issues were represented among the 63-note collection, including almost all prefixes in the series. Many of these notes are among the most sought after and widely collected paper money in all of Middle Eastern numismatics.

Other PMG-certified notes in the auciton included:

  • a Palestine, Currency Board 1927 £50 Specimen graded PMG 63 Choice Uncirculated (lot 50061), which realized $140,300
  • a Palestine, Currency Board 1929 £50 graded PMG 30 Very Fine (lot 50062), which realized $97,600
  • a Palestine, Currency Board 1927 £5 graded PMG 45 Choice Extremely Fine EPQ (lot 50043), which realized $91,500
  • a Palestine, Currency Board 1927 500 Mils graded PMG 65 Gem Uncirculated EPQ (lot 50001), which realized $67,100
  • a Palestine, Currency Board 1927 £10 graded PMG 25 Very Fine (lot 50053), which realized $61,000
  • a Palestine, Currency Board 1927 £1 graded PMG 55 About Uncirculated EPQ (lot 50016), which realized $26,840
  • a Palestine, Currency Board 1929 £1 graded PMG 66 Gem Uncirculated EPQ (lot 50017), which realized $26,840
  • a Palestine, Currency Board 1929 £1 graded PMG 66 Gem Uncirculated EPQ (lot 50018), which realized $26,840

Prices realized include buyer's premium. The $ symbol represents US Dollars.


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