Palestine - 50 Mils 1931 - Silver 720, 5.83 g - KM# 6 - NGC MS 61 - Very Rare in This Grade

Palestine - 50 Mils 1931 - Silver 720, 5.83 g - KM# 6 - NGC MS 61 - Very Rare in This Grade The last time a coin of this grade was offered at our sale, it sold for $2,900. A 1931 Palestine 50 Mils coin, certified by NGC as MS 61. It is considered the second-rarest Palestine coin in Mint State and is particularly difficult to obtain in such a high grade. The mil was the commonly used Hebrew name for the coinage unit that served as legal tender in Palestine during the British Mandate. It later became the official name of the coinage unit in the State of Israel until 1952. Obverse: At the center is a circle containing an olive branch with four leaves. At the base of the branch, the year 1931 appears in Western numerals on the left and Arabic numerals on the right. Around the circle appears the name “PALESTINE” in English, Hebrew and Arabic. Reverse: At the center appears the denomination “Fifty Mils” in Hebrew, English and Arabic. The numeral “50” appears in Arabic numerals above and in Western numerals below. Metal: Silver 720 Weight: 5.83 g Pure silver weight: approx. 4.20 g, 0.135 oz Diameter: 23.6 mm Edge: Reeded Mintage: 500,000 Catalogue number: KM# 6 Grade: NGC MS 61