The League of Nations granted Great Britain a mandate to govern Palestinian territories (the Bible Land of Canaan) in 1923. The mandate lasted until 1948 when the Jewish state of Israel declared its independence on the day before the British mandate was to expire.
Under the auspices of the British-lead Palestine Currency Board, 59 different coins were minted for circulation in Palestine during the period from 1927 through 1946. Each coin is tri-lingual, bearing legends in three languages: English, Arabic, and Hebrew. The 5, 10, and 20 mils denominations have a hole at the center. Other denominations have no hole. The 5 mils coins are minted in copper, while the 10 and 20 mils coins are minted in copper-nickel.
Here are some approximate catalog values. As always, coins in good condition are worth much more than worn or otherwise unflattering condition.
5 MILS (Copper)
worn: $1 US dollar approximate catalog value
average circulated: $2
well preserved: $5
fully uncirculated: $25
5 mils dated 1934 and 1941 are more rare and worth about three times these values
10 MILS (Copper-Nickel)
worn: $2 US dollars approximate catalog value
average circulated: $6
well preserved: $15
fully uncirculated: $100
20 MILS (Copper-Nickel)
worn: $10 US dollars approximate catalog value
average circulated: $15
well preserved: $50
fully uncirculated: $250
20 mils dated 1934 and 1941 are more rare and worth about three times these values
Be sure to consult our Important Terminology page to fully understand catalog values.