A Palestine 50 Mils (Silver) contains 0.1350 troy oz of pure silver, worth $7.30 at today's spot price.
Palestine struck the 50 Mils silver coin from 1927 to 1942 in 72% silver. Each coin weighs 5.832 g and holds 0.1350 troy oz (4.199 g) of pure silver. The mil was also used in Cyprus, Hong Kong and Israel.
Melt values use these spot prices (US dollars):
- Silver $54.05 per troy oz Current quote · Quote time Oct 24, 2:49 AM EDT
Some prices could not be refreshed recently and may be out of date.
Melt value is the metal content at spot price, not a buy or sell price. Collectible coins can be worth much more. For reference only.
Specifications
| Years | 1927–1942 |
|---|---|
| Face value | 50 Mils |
| Composition | 72% silver |
| Gross weight | 5.832 g |
| Fineness | .720 (72%) |
| Pure metal | 0.1350 troy oz (4.199 g) |
How the melt value is worked out
Melt value is the pure silver in the coin multiplied by the spot price. We use the coin's standard minted weight; worn coins weigh slightly less.
-
5.832 g × .720 fine ÷ 31.1035 g per troy oz = 0.1350 troy oz
0.1350 troy oz × $54.05 spot = $7.30
Melt value vs. collector value
Melt value is a floor, not a price. Better dates, coins with mint luster and graded coins often sell well above melt; key dates and rare varieties can be worth many times more. Check the date and mint mark before selling a coin for its metal.