Pick: #11 , The Banknote Book: B106
Palestine. Palestine Currency Board. 1927-1945 Issues. 100 pounds Type 1927. Date: Varieties. Dimensions: 191 x 102 mm. Watermark: Olive sprig. Material: Paper. No security thread. Printer: Thomas De La Rue & Company, Limited (TDLR), London, England. Front: Polychrome printing predominantly green. Description of the front: Border frame with rosettes and guilloche patterns. View of the White Mosque in the city of Ramla also known as the "Tower of the Forty Martyrs". Series and numbering in red. Texts in Arabic, English and Hebrew. Signatures: Varieties (Members of the Palestine Currency Board). Description of the back: Background with rosettes and guilloche patterns. Texts in Arabic, English and Hebrew. Tower of David (Migdal David) citadel in Jerusalem. Demonetized 16.09.1948. The photo note was unsold in January 2006 at Heritage Auctions (Reserve price: $150,000.00), New-York Auction #397 (lot # 14368). 4 copies are confirmed for us: A000001, A000719, A000935 (1927) and A001088 (1929). We have no pictures for the two other notes known.
Heritage Auctions sale comments: "British Administration 100 Palestine Pounds 1 September 1927, Pick 11a, F-VF, minor graffiti in the margins, the left upper corner tip is missing. Serial number A000719. One of the most storied and sought after banknotes in the world. The Bank of England records have long documented that only six issued notes were not redeemed, and five are now known. This count does not include the serial number one 1927 note recently discovered in Israel. The Palestine 100 Pounds has been a centerpiece for collections such as Berlin, Kagin and Fisher, and is the Holy Grail for any collection of the Middle East. For decades it has been impossible to obtain this type and now with this offering, one collector will be able to add his name to the impressive list of numismatists who have owned this piece of history".