Palestine 1927 50 mils
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 1927-42; the 1931 is a rare date. The weight matches the Indian half rupee. This specimen was lot 4458 in Goldberg sale 75 (Los Angeles, September 2013), where it sold for $161. The catalog description noted, "Palestine. 50 Mils, 1927. PCGS graded MS-64."
Recorded mintage: 8,000,000, a common date.
Specification: 5.83 g, .720 fine silver, .135 troy oz ASW.
Catalog reference: KM 6.
- Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1901-2000, 42nd ed., Iola, WI: Krause Publications, 2014.
- Goldberg, Ira, Larry Goldberg, Jason Villareal and Steven Harvey, Goldberg Sale 75: the pre-Long Beach Sale, Los Angeles: Goldberg Coins & Collectibles, 2013.