Palestine 1934 5 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. This type was struck 1927-47; the 1934 is a rare date and the first specimen was from a recent William Rosenblum sale (Littleton, CO, February 2012), where it sold for $235. The second specimen was lot 4401 in Goldberg sale 70 (Los Angeles, September 2012), where it sold for $460. The catalog description noted, "Palestine. 5 Mils, 1934. Pop. 3; 4 finer in MS 65 at PCGS. PCGS graded MS-64. Jerusalem Collection."
Recorded mintage: 500,000.
Specification: copper-nickel, 20 mm diameter.
Catalog reference: KM 3.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
- Ira and Larry Goldberg, Goldberg sale 70: The Pre-Long Beach Auction, Los Angeles, CA: Goldberg Coins & Collectibles, 2012.