Rare 1929 Palestine 50-Pound Note Sets $170,800 Record at Heritage Auctions
At Heritage Auctions, a 1929 Palestine Currency Board 50 Pounds note, classified as PMG Very Fine 30 and listed as Pick 10b, achieved a remarkable $170,800, establishing a new auction record for this type and for any banknote from Palestine. Originating from the Fady Nassif Collection, the note was a highlight of the World Paper Money Signature Auction, which amassed a total of $3,268,298 during sessions on Oct. 14–15, marking the highest amount ever for a U.S.-based world paper money auction. The Nassif collection, featuring issued Egyptian and Middle Eastern banknotes along with currency design materials, was a significant attraction, with several lots reaching record prices. The auction was conducted over two days by Heritage Auctions.
Key facts
- A 1929 Palestine Currency Board 50 Pounds note sold for $170,800 at Heritage Auctions
- The price set an auction record for the note type and a Heritage record for any banknote from Palestine
- The note is catalogued as Pick 10b and graded PMG Very Fine 30
- It carries the date 30.9.1929
- The note came from the Fady Nassif Collection
- The World Paper Money Signature Auction totaled $3,268,298
- Sessions ran Oct. 14–15
- Heritage called it the most ever achieved in a U.S.-based world paper money auction
- The Nassif Collection combined issued Egyptian and Middle Eastern banknotes with currency design and production material
- Several lots from the collection achieved record prices
Entities
Artists
- Fady Nassif
Institutions
- Heritage Auctions
- Palestine Currency Board
- Paper Money Guaranty
Locations
- Palestine
- Egypt
- United States