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
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
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