Lot 4257
Sale 99 · Important Australian & World Coins, Medals & Banknotes
Images
Description
Cyprus, (Palestine), Palestine Currency Board, Jerusalem, 20th April 1939, one Palestinian pound, R322543 (P.7c). Creases and folds, fresh colour, very fine.
In early 1942, due to a severe shortage in currency reserves, aid was requested from Brish Authorities in Palestine. Subsequently, ú250,000 in Palestine Currency Board one and five pound notes dated 20 April 1939 were placed on reserve in Cyprus. Because of the ongoing acute currency shortage these notes were put into circulation on 5 May 1942 with usage primarily restricted to Army camps. When new Cyprus notes were received these Palestine notes were withdrawn and demonetized on 10 September 1942. See also lot 4258.
- Estimate
- $800
- Result Status
- Sold
- Prices Realised
- $750