Offered is the highly historical 1 Palestine Pound banknote, issued by the Anglo-Palestine Bank in 1948. This series represents the very first banknotes of the newly established State of Israel. Historical Context: These notes were printed secretly in New York before the British Mandate expired. Because the new state's name was not yet decided, they retain the Mandate-era currency name "Palestine Pound."To bypass US regulations at the time, they were initially printed without a legal tender clause, which had to be overprinted later. The notes arrived secretly in Israel in July 1948 and entered circulation shortly after. Specifications: Denomination: 1 Palestine Pound (לירה א"י אחת)Year: 1948. Serial Number: 226672 (Red)Signatures: E.S. Hoofien & A. BarthCatalog Reference: Pick #15 / Numista N#207744 Important Condition Notes: The banknote is circulated and ungraded. It remains fully intact with strong original colors. However, please carefully note the following condition issues: Foxing/Rust: There are pronounced rust/foxing spots clearly visible on both the front and back of the note. Ink Writing: There is pen/ink writing on the front side (obverse). Wear: Visible circulation wear and folding marks are present throughout. No severe tears are observed. Please carefully examine the provided high-resolution photographs to make your own assessment regarding the grade and condition. The images form an integral part of this description.The banknote will be carefully packed in a protective sleeve and shipped with tracking.