Lot 371
Nine Legal Tender Fractional Banknotes, 1952
Nine Legal Tender fractional banknotes, [1952]: 1. 50 prutah. Pick# 8. Blue; signatures of Kaplan-Zagagi. VF. 2. 50 prutah. Pick# 9. Red, black back; signatures of Kaplan-Zagagi. F. Stains. 3. 50 prutah. Pick# 10a. Red, red back; signatures of Kaplan-Zagagi. F-VF. 4. 50 prutah. Pick# 10b. Red, red back; signatures of Eshkol-Zagagi. F. 5. 50 prutah. Pick# 10c. Red, red back; signatures of Eshkol-Ne'eman. AU-UNC. 6-7. Two 100 prutah banknotes. Pick# 11a. Green, black back; signatures of Kaplan-Zagagi. One XF, with damage to lower left corner and stains. The other VF. 8-9. Two 100 prutah banknotes. Pick# 12c. Signatures of Eshkol-Ne'eman. VF, XF.
During the early years of the State of Israel (1948-1952), the Treasury printed paper currency to compensate for the severe shortage of metal coins. The first series was signed solely by Finance Minister Eliezer Kaplan, and subsequent series were signed by the finance minister (Elizer Kaplan and later Levi Eshkol) and the accountant general (Mordechai Zagagi and later, Avraham Ne'eman).