PMG-certified 1927 Middle East Note Estimated at $55,000 to $65,000

Posted on 12/23/2019

Stack’s Bowers Galleries is presenting a World Paper Money auction at January’s prestigious convention.

A banknote certified by Paper Money Guaranty® (PMG®) is estimated to realize $55,000 to $65,000 (USD) in a Stack’s Bowers Galleries World Paper Money Auction at the New York International Numismatic Convention (NYINC) set for January 16-19, 2020, in New York City.

The Palestine Currency Board 1927 10 Pounds is graded PMG 25 Very Fine.

The Currency Board was established in 1927 as part of the British Mandate created to govern the area following the defeat of the Ottoman Empire during World War I.

This Palestine Currency Board 1927 10 Pounds graded PMG 25
Very Fine was issued during the British Mandate.
Click image to enlarge.

The information on the note, as it was on all currency issued by the board, was in English, Hebrew and Arabic. Illustrations on it are of the 13th Century Crusaders Tower at Ramleh on the obverse and the Citadel of Jerusalem on the reverse.

Another note of similar vintage but from half a world away is a Dominion of Canada 1924 $5 graded PMG 64 Choice Uncirculated, which has an estimate of $35,000 to $45,000. Although dated 1924, the note wasn’t printed until 1931 and not released until 1934. The Dominion currency was quickly replaced by 1935 Bank of Canada issues.

Other particularly significant PMG-certified notes that Stack’s Bowers is offering at NYINC include:

All estimates supplied by the auction house and stated in USD.

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