British Palestine Silver Coin Melt Values - Live Calculator
The table below lists each denomination and computes live melt value from the current silver spot price of $66.45 per troy ounce.
| Coin | Face Value | Years | Fineness | Gross Weight (g) | ASW (g) | ASW (oz t) | Qty | Melt Value |
|---|---|---|---|---|---|---|---|---|
| Mils | 100 | 1927 - 1942 | 0.72 | 11.7 | 8.42 | 0.2708 | $0.00 | |
| Mils | 50 | 1927 - 1942 | 0.72 | 5.83 | 4.2 | 0.135 | $0.00 | |
| Grand Total | $0.00 | |||||||
Country Silver Coin History
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.
Introduction of Silver Coins
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.
Types of Silver Coins
- 50 Mils Coin: One of the denominations of silver coins introduced was the 50 mils coin. It was made of 72% silver and 28% copper.
- 100 Mils Coin: Another significant denomination was the 100 mils coin, which also contained 72% silver and 28% copper.
Design and Symbols
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.
End of Silver Coinage
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.
Legacy and Collectibility
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.
