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Palestine 50 and 100 Mils  1927 to 1942
Palestine 50 and 100 Mils 1927 to 1942

The League of Nations granted Great Britain a mandate to govern Palestinian territories (the Bible Land of Canaan) in 1923. The mandate lasted until 1948 when the Jewish state of Israel declared its independence on the day before the British mandate was to expire.

Under the auspices of the British-lead Palestine Currency Board, 59 different coins were minted for circulation in Palestine during the period from 1927 through 1946. Each coin is tri-lingual, bearing legends in three languages: English, Arabic, and Hebrew. The 50 and 100 mils denominations were minted in silver and therefore carry value due to silver content alone. Some of the dates are rare, and numismatic (coin collector) demand creates value well above the silver price.

Here are some approximate catalog values for these interesting coins. Apply the concepts on our Important Terminology page to convert these catalog values to actual buy and sell values.

50 MILS, 0.135 troy ounces of silver
worn: $10
average circulated: $12
well preserved: $20
fully uncirculated: $50
50 mil coins dated 1931, 1933, and 1934 are more rare, with catalog values of about $100 in well preserved condition

100 MILS, 0.270 troy ounces of silver
worn: $12
average circulated: $15
well preserved: $30
fully uncirculated: $110
100 mil coins dated 1931 and 1934 are more rare, with catalog values of about $200 in well preserved condition

Coin: 8426 , Genre: Islamic Hindu Buddhist
Requested by: Emma, Mon, 08-Aug-2011 22:51:55 GMT
Answered by: Paul, Mon, 02-Dec-2013 03:32:02 GMT
Reviewed by CoinQuest -- Appraisal ok., Sun, 22-Nov-2015 20:57:39 GMT
Requester description: 1935 Has a branch of some plant in on the front in a circle, with funny lettering running round the outside and the word PALESTINE up the top. Has more funny writting on back with the words 50 mils.
Tags: palestine 50 100 mils mills mil branch plant front circle lettering letter running run round up twigs sprig braches limb twig sprays sprigs branching branches branched planting vegetation plants circled encircle crrcle cirle circlet ring circles circlr circal citcle encircled ringed circumscibed cirlce circel encircles encircling rings circling cirlces circular cicurling circumscribed leters letters lettered runs tree leaves leaf leafs leave leaved leafed leafy leavs stalk palm pine oak palmetto palms plam frond

  

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Sun, 11-Dec-2016 07:58:10 GMT, unknown: 11265717