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Rare Palestinian Bank Note sold for 140,000 Pounds

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The rare Palestinian Bank Note that was auctioned.
The rare Palestinian Bank Note that was auctioned.

UK: A bank note found in a charity shop was recently auctioned online for a whopping £140,000 (Rs 1.3 crore). The news is going viral on social media with the users claiming the rare currency note was sold at nearly 1,400 times its original value.

The £100 Palestine pound was found by Oxfam volunteer Paul Wyman when he was working in charity’s Brentwood branch in Essex, according to The Independent.

During the British Mandate in Palestine in 1927, the £100 Palestine pound note was issued to high-ranking officials.

Savvy Paul, who spotted the note, chose not to put it on the shelves and instead called an auction house, who valued it at £30,000. But when it went under the hammer at Spink auction house in London, it was sold for £140,000. The amount will go to Oxfam’s charitable work, The Independent further said in its report.

“I realised that I was holding something in my hands that was incredibly rare I couldn’t believe it when it went for £140,000,” he was quoted as saying by the publication. the bank note was brought to the shop by an unidentified donor in October 2020, and was evaluated at the auction house in February this year. – NDTV

Thursday, May 19, 2022 – 01:00

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