Silver coins were in regular circulation in British Palestine. The values below represent the intrinsic value of silver coins from British Palestine.
British Palestine silver coins that are in uncirculated condition, or that may be rare and collectible may also have numismatic value. You can use this table as a guide when buying and selling circulated silver coins from British Palestine.
The melt values are calculated and displayed in USD based on the today's silver spot price of $32.25 per troy ounce.
Denomination / Currency | Years Minted | Fineness | Gross Weight (g) | ASW (g) | ASW (oz t) | Melt Value |
---|---|---|---|---|---|---|
50 Mils | 1927- 1942 | .720 | 5.83 | 4.20 | .135 | $4.35 |
100 Mils | 1927- 1942 | .720 | 11.7 | 8.42 | .2708 | $8.73 |
The region known as Palestine was under British administration from 1920 to 1948, following the defeat of the Ottoman Empire in World War I. This period is commonly referred to as the British Mandate of Palestine.
During the British Mandate, the Palestine Currency Board was established to issue currency. In 1927, the first coins were minted for use in British Palestine. Silver coins were introduced as part of this new currency system.
The coins featured inscriptions in English, Arabic, and Hebrew, reflecting the diverse population of the region. The obverse typically displayed the denomination and the year of minting, while the reverse featured symbols such as the olive branch, an important symbol in the region.
With the end of the British Mandate in 1948 and the subsequent establishment of the State of Israel, the coinage system in Palestine was replaced by the Israeli currency. The silver coins of British Palestine thus became historical artifacts and collectors' items.
Today, silver coins from the British Mandate period are highly valued by collectors and historians. They serve as tangible links to a complex and pivotal period in the history of the Middle East.