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The Palestine 1 Mil coin from 1946, cataloged as KM#1 in the Krause-Mishler coin catalog, is a significant piece in the numismatic history of the region. This coin, minted in the aftermath of World War II, represents a pivotal moment in the history of Palestine and the broader Middle Eastern region. As a product of the British mandate period, it reflects the political and economic conditions of the time, offering collectors and historians valuable insights into the era's currency and governance.
The history of the Palestine 1 Mil coin is deeply rooted in the period of British administration over the region, which lasted from 1917 to 1948. The British mandate was established following the collapse of the Ottoman Empire after World War I, and Palestine was administered by Britain under the League of Nations' mandate system. During this time, the British authorities issued a series of coins to facilitate the daily transactions of the local population and manage the economic aspects of the territory. The 1 Mil coin from 1946 is one of these issues, representing the final years of British rule before the establishment of the State of Israel in 1948.
The design of the Palestine 1 Mil coin is both simple and symbolic, embodying the characteristics of British mandate coinage. On the obverse side of the coin, the design features a prominent depiction of a sheaf of wheat, a common motif in coinage of the era, symbolizing agriculture and the agrarian economy of Palestine. The wheat sheaf is encircled by the inscription "PALESTINE" in English, reflecting the British administration's influence. The reverse side of the coin is equally noteworthy, featuring the denomination "1 MIL" prominently displayed within a beaded border. The inscription “1946” indicates the year of minting, and the coin's overall design exudes a sense of simplicity and functionality appropriate for its intended purpose.
The coin was minted at the Heaton Mint in Birmingham, England, which was well-regarded for its expertise in producing high-quality coinage during the period. The Heaton Mint was known for its advanced minting techniques and played a crucial role in producing coins for various British territories and colonies. The 1946 Palestine 1 Mil coin was struck with precision, ensuring that each piece met the rigorous standards of quality and consistency expected from the mint. The coin's production at Heaton Mint highlights its importance and the broader context of British numismatic practices during the mid-20th century.
The mintage of the Palestine 1 Mil coin from 1946 is a key factor in its significance and value among collectors. While exact mintage figures can vary, it is known that a relatively limited number of these coins were produced compared to other issues from the British mandate period. This limited mintage contributes to the coin's rarity and desirability in the numismatic market. Collectors often seek out these coins not only for their historical value but also for their relative scarcity, which enhances their appeal and potential investment value.
The condition of the Palestine 1 Mil coin from 1946 is described as Brilliant Uncirculated (BU), indicating that the coin is in excellent condition with no signs of wear or handling. Coins in BU condition exhibit a pristine, lustrous finish with sharp, clear details and inscriptions. The high quality of the coin's finish reflects the care taken during its minting and preservation, making it a highly desirable piece for collectors. The absence of wear ensures that the coin retains its original beauty and value, preserving its historical significance and numismatic appeal.
In conclusion, the Palestine 1 Mil coin from 1946 is a notable piece of numismatic history, representing a key period in the region's transition from Ottoman rule to British administration. Its design, minting, and condition all contribute to its significance as a collectible item. The coin offers a glimpse into the economic and political landscape of Palestine during the late mandate period and remains a valued artifact for collectors and historians alike. As an example of British mandate coinage, the 1946 Palestine 1 Mil coin stands as a testament to a unique era in the region's history.