Lot 374
Two Legal Tender Fractional Banknotes, 1952 – 50 Prutah – Red, Red Back – Kaplan-Zagagi / Eshkol-Ne'eman
Two Legal Tender fractional banknotes, 50 prutah, [1952]. Pick# 10a and Pick# 10c. 1. 50 prutah. Pick# 10a. Red, red back. Signatures of Kaplan-Zagagi. AU-UNC. Small stain to lower left corner. 2. 50 prutah. Pick# 10c. Red, red back. Signatures of Eshkol-Ne'eman. EF. Two minor folds.
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).
