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1944 Palestine Currency Board 5-Pound Banknote Sells For $12,980

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 Posted 04/10/2015  10:40 am Show Profile   Bookmark this topic Add CoinWeek to your friends list Get a Link to this Message Number of Subscribers
The following is an article excerpt from Coinweek

A Palestine Currency Board £5 note dated 1944 and with rare "F" prefix sold for $12,980 at a sale of U.S. and worldwide banknotes, federal bonds and documents and security printing ephemera held March 10 by Archives International Auctions, in the firm's offices at 1580 Lemoine Avenue in Fort Lee, New Jersey and online at the firm's website.

Of the more than 1,040 lots offered, 670 changed hands in an auction that grossed $279,110. Headlining the sale was a fine collection of Middle Eastern banknotes that included the Palestine Currency Board £5 note, the sale's top lot.

"These banknotes featured rarities missing from even the most advanced collections," said Dr. Robert Schwartz of Archives International Auctions.

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Pillar of the Community
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742 Posts
 Posted 04/10/2015  10:46 am  Show Profile   Bookmark this reply Add lettow to your friends list Get a Link to this Reply
670 of 1,040 lots were sold. This means 370 lots did not sell. Less than 2/3 of the lots sold. Not great statistics if you ask me.
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