Palestine 1927 10 mils

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Goldberg sale 70, lot 4360
photo courtesy Goldberg Coins & Collectibles
Stephen Album sale 14, lot 1464
photo courtesy Stephen Album

The first specimen was lot 4360 in Goldberg sale 70 (Los Angeles, September 2012), where it sold for $172.50. The catalog description[1] noted, "Palestine. 10 Mils, 1927. Pop. 19; 6 finer in MS 66 at PCGS. PCGS graded MS-65. Jerusalem Collection." The second specimen was lot 1464 in Stephen Album sale 14 (Santa Rosa, September 2012), where it sold for $320. The catalog description[2] noted, "PALESTINE: British Mandate, 1920-1948, 10 mils, 1927, NGC graded MS-67." Palestine was long a province of the Ottoman Empire when Britain occupied it as a League of Nations mandate in 1920, disappointing both Jews and Arabs. British officials had made vague promises to both groups during World War One then decided to keep the region for Britain to protect their interests in the Suez Canal. Hopelessly embroiled in the Arab-Jewish conflict, Britain bailed out in 1948, enabling Israel to obtain its independence. The Palestinian currency was the pound, divided into one thousand mils but the largest coin issued was the hundred mils. This type was struck 1927-47; the 1927 is the most common date in all grades.

Recorded mintage: 5,000,000 plus 66 proofs.

Specification: copper nickel.

Catalog reference: KM 4.

Source:

  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1901-2000, 42nd ed., Iola, WI: Krause Publications, 2014.
  • [1]Ira and Larry Goldberg, Goldberg sale 70: The Pre-Long Beach Auction, Los Angeles, CA: Goldberg Coins & Collectibles, 2012.
  • [2]Album, Stephen. Stephen Album Auction 14, Santa Rosa, CA: Stephen Album Rare Coins, 2012.

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