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Mifalei Yam Hamelah B.M. (Dead Sea Works Ltd.) 1956 Cancelled Stock Certificate

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:25.00 USD Estimated At:50.00 - 90.00 USD
Mifalei Yam Hamelah B.M. (Dead Sea Works Ltd.) 1956 Cancelled Stock Certificate
SOLD
25.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Dec 04 @ 14:35UTC-5 : EST/CDT
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Israel. 400 Series B Founders Shares Issued and Cancelled Stock Certificate, Black print on green border and under tint printed in English and Hebrew, Cancelled stamps covering certificate, VF-XF condition. The company was established in 1930 by Moshe Novomeysky. It was known then as the Palestine Potash Company. From 1936, it was a profitable enterprise despite attempts by the German potash cartel to strangle the business by dumping potash at below-cost prices. In the Israel War of Independence in 1948, the northern half of the production facilities was occupied by the Jordanian Legion, which was destroyed in the ensuing fighting. In 1951, the company was nationalized by the Israeli government under the Ministry of Development. In 1953, it was renamed the Dead Sea Works. (John E. Herzog Collection)