PALESTINE British Mandate 59 Coins 1927-1946 VF/EF PLUS PALESTINE CURRENCY BOARD REPRODUCTION SET 6 NOTES Start Price USD 3,500.00 Current Price USD 3,500.00 Time Left - Bid Count 0 Buy It Now Price USD 4,000.00 Reserve Price - Start Time Saturday, July 05, 2008 End Time Tuesday, July 15, 2008 Location NSW See more about 'PALESTINE British Mandate 59 Coins 1927-1946 VF/EF ' Description   The 59 Coins Of Palestine Under The British Mandate - Complete Set With ALL Key Dates in VF / EF Condition EXTREMELY UNIQUE OFFER . PALESTINE   The legal framework governing the legal tender coins for the British Mandate of Palestine was initiated by the 1927 Palestine Currency Order. A memorandum relating to the new currency arrangement was published on March 1, 1927 by the Palestine government in its official gazette. The Currency Notes Ordinance 1927 was then passed in Palestine constituting as legal tender the currency that was to be issued by the Palestine Currency Board. The Order specified that the standard of currency for Palestine was to be the Palestine pound, divided into one thousand mils. This was similar to the decimal system in Egypt, based on 100 pilasters to the Egyptian pound, and unlike the typical British non-decimal currency system where 12 pence (d) equaled 1 shilling (s); 20 shillings equaled 1 pound (£) sterling. As required by Article 22 of the Mandate's charter from the League of Nations, it was necessary to show the name "Palestine" in three languages: English, Arabic, and Hebrew. Coins The Palestine Currency Board, after consulting with the Mandatory government officials, decided that the coins should be in the denominations of 1 and 2 mils (bronze), 5, 10, and 20 mils (nickel-bronze with center hole), and 50 and 100 mils (silver with reeded, or milled edges). For the two highest denominations, the Board adopted, with the approval of the Secretary of State for the Colonies, an alloy of 720 parts silver and 280 parts copper. Although a gold coin equal to £1 was provided for in the Currency Order in a silver/gold ratio of 10.5:1, none were ever minted. From their initial introduction on the eve on the tenth anniversary of the Balfour Declaration (November 1, 1927), the coins were minted as needed to meet public demands. Unlike the United States for example, coins were not struck with all the possible year dates from 1927 to the termination of the Mandate in 1948. In all, there were 59 different combinations of dates and denominations comprising the entire range of regularly issued coinage. The 1947-dated coins, which were not officially released for circulation, are not part of the total number accepted by collectors as to what constitutes a complete set of coins. After the termination of the Palestine Mandate and the creation of the State of Israel on May 14, 1948, the coins issued by the Palestine Currency Board remained legal tender in Israel until September 15, 1948; in the Gaza Strip region of Egypt until June 9, 1951; and in Jordan until June 30, 1951. Beyond these dates, the coins were demonetized.  From  Howard M. Berlin Book. 1 mil 21 mm diameter, 3.23 grams (50 grains), plain edge Year Mintage Composition 1927 10,000,000* (most common date) Bronze alloy (95.5% copper, 3% tin, and 1.5% zinc) 1935 704,000 1937 1,200,000 1939 3,700,000* 1940 396,000 (key date of series) 1941 1,920,000 1942 3,040,000 Wartime bronze alloy (97% copper, 2.5% zinc, and 0.5% tin) 1943 4,320,000 1944 2,400,000 1946 1,632,000* Bronze alloy (95.5% copper, 3% tin, and 1.5% zinc) 1947 2,880,000** * Proof issues reportedly struck. Mintage unknown ** Entire mintage melted down. Some specimens are known 2 mils 28 mm diameter, 7.77 grams (120 grains), plain edge Year Mintage Composition 1927 5,000,000* (most common date) Bronze alloy (95.5% copper, 3% tin, and 1.5% zinc) 1941 1,600,000 1942 2,400,000 Wartime bronze alloy (95.5% copper, 3% tin, and 1.5% zinc) 1945 960,000 (key date of series) 1946 960,000 (key date of series) Bronze alloy (95.5% copper, 3% tin, and 1.5% zinc) 1947 484,000** * Proof issues reportedly struck. Mintage unknown ** Entire mintage melted down. Some specimens are known 5 mils 20 mm diameter, 2.91 grams (45 grains), plain edge with center hole Year Mintage Composition 1927 10,000,000* (most common date) Cupronickel alloy (75% copper and 25% nickel) 1934 500,000 (key date) 1935 2,700,000 1939 2,000,000* 1941 400,000 (key date of series) 1942 2,700,000 Bronze alloy (97% copper, 2.5% zinc, and 0.5% tin) 1944 1,000,000 1946 1,000,000 Cupronickel alloy (75% copper and 25% nickel) 1947 1,000,000** * Proof issues reportedly struck. Mintage unknown ** Entire mintage melted down. Some specimens are known 10 mils 27 mm diameter, 6.47 grams (100 grains), plain edge with center hole Date Mintage Composition 1927 5,000,000* (most common date) Cupronickel alloy (75% copper and 25% nickel) 1933 500,000* 1934 500,000* (key date of series) 1935 1,150,000* 1937 750,000* (key date of series) 1939 1,000,000* 1940 1,500,000* 1941 400,000* (key date of series) 1942 600,000 1942 2,000,000 (1942 & 1943)(key date) Bronze alloy (97% copper, 2.5% zinc, and 0.5% tin) 1943 1946 1,000,000* Cupronickel alloy (75% copper and 25% nickel) 1947 1,000,000** * Proof issues reportedly struck. Mintage unknown ** Entire mintage melted down. Some specimens are known 20 mils 30.5 mm diameter, 11.33 grams (175 grains), plain edge with center hole Date Mintage Composition 1927 1,500,000* (most common date) Cupronickel alloy (75% copper and 25% nickel) 1933 250,000 1934 125,000 1935 575,000 1940 200,000* 1941 100,000* (key date of series) 1942 1,000,000 Bronze alloy (97% copper, 2.5% zinc, and 0.5% tin) 1944 1,000,000 * Proof issues reportedly struck. Mintage unknown   50 mils 23.5 mm diameter, 5.83 grams (90 grains), reeded (milled) edge Date Mintage Composition 1927 8,000,000* (most common date) 72% silver and 28% copper 1931 500,000 (key date of series) 1933 1,000,000 1934 398,000 1935 5,600,000 1939 3,000,000* 1940 2,000,000* 1942 5,000,000 * Proof issues reportedly struck. Mintage unknown 100 mils 29 mm diameter, 11.66 grams (180 grains), reeded (milled) edge Date Mintage Composition 1927 8,000,000* (most common date) 72% silver and 28% copper 1931 250,000* (key date of series) 1933 500,000 1934 200,000 1935 2,850,000 1939 1,500,000* 1940 1,000,000 1942 2,500,000 * Proof issues reportedly struck. Mintage unknown PALESTINE CURRENCY BOARD *REPRODUCTION* SET (6 NOTES)            COMPLETE SET OF 59 GREAT Palestine Coins VF/EF  1927 - 1946 THIS OFFER INCLUDES 1) PALESTINE COMPLETE SET OF     59   VF / EF COINS WITH THE 10 KEY DATES COINS (PLEASE CHECK THE MINTAGE FIGURES IN THE SECOND IMAGE) 2) SPECIALIZED PALESTINE COINS ALBUM LIMITED EDITION.   3) DIRECT BANK TRANSFER IS AVAILABLE. 4) PALESTINE CURRENCY BOARD *REPRODUCTION* SET (6 NOTES)  Ask seller a question  Payment options :  Paypal is the preferred method of payment – other options are available. 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