1927 Palestine 1 Mil Coin Value Guide

The 1927 Palestine 1 Mil coin represents the inaugural year of the British Mandate's currency system, replacing the defunct Ottoman Lira. It is highly collectible for its unique trilingual design and the political significance of its 'Eretz Yisrael' Hebrew initials.

What affects the value of 1927 Palestine 1 Mil Coin?

• The 1927 date is the first year of issue, which often commands a premium over later common dates.
• Overall strike quality and the level of wear on the trilingual lettering significantly impact the $8.00 to $8.80 price range.
• The presence of original mint luster or dark chocolate-brown patina on the bronze surface.
• Corrosion or 'bronze disease' can significantly devalue the coin compared to clean, circulated examples.

How to Identify 1927 Palestine 1 Mil Coin?

• Verify the presence of the three official languages: Arabic, English, and Hebrew on the coin face.
• Look for the specific 'Aleph Yud' initials in parentheses next to the Hebrew name for Palestine.
• Confirm the material is bronze and the date is clearly struck as 1927.
• Check for the central hole which is a defining characteristic of this specific denomination's design.

History of 1927 Palestine 1 Mil Coin

Following the British occupation of Palestine during World War I, a new currency was established to replace the Ottoman Lira. The 1927 series was the very first year these trilingual coins were issued, featuring inscriptions in Arabic, English, and Hebrew. The Hebrew inscription famously includes the initials 'Aleph Yud' in parentheses, standing for 'Eretz Yisrael', which was a subject of much political debate at the time of minting.