1948 Israel Anglo-Palestine 10 Pounds – P-17a | PMG 35 |

1948 Israel Anglo-Palestine 10 Pounds – P-17a | PMG 35 | Rare First Israeli Banknote

The 1948 Israel Anglo-Palestine 10 Pounds banknote (P-17a) is a highly significant and rare piece of numismatic history. As one of the first banknotes issued by the newly established State of Israel, this note marks the transition from the British Mandate period to Israeli sovereignty. Certified PMG 35 (Choice Very Fine), this banknote remains in strong collectible condition, making it an excellent addition for both serious collectors and investors.

The Anglo-Palestine Bank, which later became Bank Leumi, issued this series in 1948, just as Israel declared independence. Given its historical importance, limited issuance, and increasing market demand, this 10 Pounds banknote is a must-have for numismatists and investors looking to own a part of Israel’s early financial history.

Historical Significance of the 1948 Israel 10 Pounds Banknote

Following Israel’s Declaration of Independence on May 14, 1948, there was an urgent need for a national currency. At the time, the country was still using banknotes issued under the British Mandate of Palestine, which were controlled by the Palestine Currency Board. However, with independence, Israel had to establish its monetary system, and the Anglo-Palestine Bank was tasked with issuing the first banknotes of the new nation.

These notes were temporary emergency issues, printed in haste but designed to replace the British Mandate currency. Because of the urgency and limited production numbers, these first banknotes are extremely rare today. The 1948 10 Pounds note (P-17a) is particularly valuable due to its high denomination and historical significance, as it represents the birth of Israel’s independent economy.

Shortly after, in 1952, the Israeli Pound (Lira) was introduced, making these early Anglo-Palestine notes obsolete. Many were either withdrawn or destroyed, increasing their scarcity in the collector’s market today.

Design and Features of the 1948 Israel Anglo-Palestine 10 Pounds Banknote (P-17a)

Obverse (Front Design)

• Features a beautifully detailed design in purple and lilac tones, unique to early Israeli currency.
• The text is in Hebrew and English, emphasizing Israel’s identity as a newly independent state.
• The issuing authority is listed as the Anglo-Palestine Bank Limited, as the Bank of Israel had not yet been established.
• Serial numbers and security features authenticate its legitimacy as an official issue.

Reverse (Back Design)

• Displays an elegant and symmetrical pattern reflecting traditional Jewish motifs.
• The denomination is printed, reinforcing the note’s value and authenticity.

PMG 35 Grading – What It Means

This 1948 Israel 10 Pounds banknote has been professionally graded by PMG as Choice Very Fine (35), meaning it has been well-preserved with only minor signs of circulation. Here’s what makes this note particularly desirable:

✔ Strong Paper Quality: Maintains its structural integrity with no major tears or damage.
✔ Clear Design Elements: Despite some handling, the print remains sharp, detailed, and fully legible.
✔ Historical Rarity: Given the limited survival rate of these early notes, finding one in PMG 35 condition is rare.
✔ Investment Potential: Third-party certification by PMG enhances the note’s market credibility, making it a secure asset for collectors and investors.

The PMG 35 rating ensures that this note remains an attractive option for collectors who want a balance between affordability and historical significance.

This 1948 Israel Anglo-Palestine 10 Pounds banknote (P-17a, PMG 35 Choice Very Fine) is a historically significant and highly collectible piece. Issued just as the State of Israel was established, it represents a critical period in the region’s history. With a PMG 35 grade, this banknote is in Choice Very Fine condition, making it an excellent addition for collectors of Israeli and Middle Eastern currency.

🔹 Year: 1948
🔹 Issuer: Anglo-Palestine Bank (Predecessor of Bank Leumi, Israel’s first bank)
🔹 Denomination: 10 Pounds
🔹 Pick Number: P-17a
🔹 Certification: PMG 35 Choice Very Fine – Ensuring authenticity and quality
🔹 Historical Significance: One of the first banknotes issued after Israel’s independence
🔹 Condition: Well-preserved with visible details, solid paper quality, and minimal wear

💎 Why This Note is Special:

• First Israeli Banknote Series – Issued as Israel declared independence in 1948
• PMG Certified – Choice Very Fine 35 – A quality note with strong collector demand
• Historical & Geopolitical Significance – Represents a major turning point in Middle Eastern history
• Rare High-Denomination Note – The 10 Pounds note is scarcer than smaller denominations

🎯 Collector’s Note:
This authentic 1948 Israel Anglo-Palestine 10 Pounds banknote (P-17a, PMG 35) is a rare and historically rich artifact. Don’t miss the opportunity to own a piece of Israeli numismatic history!

🛒 Order now and secure this rare 1948 banknote before it’s gone!

Why This 1948 Israel 10 Pounds Note is a Rare Investment Opportunity

1. First Israeli Banknote Series

This note is part of Israel’s first official banknote issuance, making it a key artifact from the founding year of the modern state. Owning this note is like holding a tangible piece of Israel’s early history.

2. Scarcity and Collector Demand

Due to its limited issuance and withdrawal from circulation in 1952, very few of these banknotes remain in collectible condition. PMG-certified examples, especially in grades like 35, are particularly difficult to find.

3. Historical and Numismatic Importance

This note marks the economic transition from the British Mandate to an independent Israeli financial system, making it an essential addition for collectors of:

• Israeli currency
• Middle Eastern banknotes
• British Mandate financial history

4. Investment Growth Potential

Over the past few decades, early Israeli banknotes have appreciated, particularly those with high-grade certifications. Given the rising interest in Israeli numismatics, this note presents a solid investment opportunity.

5. Unique Design and Historical Context

• The Anglo-Palestine Bank notes were temporary and were soon replaced, making them a one-of-a-kind issue in Israel’s numismatic history.
• The combination of Hebrew and English text reflects the early cultural influences on Israel’s economy.
• High-denomination notes like the 10 Pound notes were used primarily for major transactions, making them even rarer today.

Conclusion

The 1948 Israel Anglo-Palestine 10 Pounds banknote (P-17a) – PMG 35 is an exceptional piece of Israeli and Middle Eastern history. As one of the first banknotes issued by the newly independent State of Israel, it holds immense historical, numismatic, and investment value.

With its rare high denomination, well-preserved condition, and official PMG certification, this banknote is an essential acquisition for collectors and investors alike. Don’t miss the opportunity to own this rare and historically significant banknote that will only continue to appreciate over time!