1939 Palestine 1 Mil Proof Or Not? - Coin Community Forum

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Author	Replies: 3 / Views: 899
jakeW Pillar of the Community United States 689 Posts	Posted 02/28/2013 5:32 pm I have been looking at this coin for awhile and can't figure it out. I am not very familiar with Palestine proofs but it has very smooth and clean fields and a nice strike but has seen extremely light circulation. The pics don't really pick up the hints of red peeking out but in hand they are semi reflective. Thanks! Moved to World Coins forum - Sap Report this Post to the Staff

sel_69l Bedrock of the Community Australia 21786 Posts	Posted 02/28/2013 5:53 pm The catalogue prices for top grade Palestine coins 1 mil to 20 mils is quite high. Interestingly enough, I have seen a great number of these coins in top grades over the years, so my experience indicates that the catalogue prices are much too high. Since the top grade coins are relatively easy to come by, this is one series, if you can get them cheaply, which IS possible to move on via ebay, for a decent profit. That is, if you can get away with it! The coin pictured looks like to be about MS63 to me, and slightly better than most of the 'standouts' of this series. This may be a proof, but I don't think so. At this time proofs were made by taking an early strike from a selected die. In modern times such a coin would be regarded as a 'specimen' coin. Report this Post to the Staff
jakeW Pillar of the Community United States 689 Posts	Posted 02/28/2013 6:22 pm Thanks. I had to get some other opinions because the price difference from MS to proof is a few hundred dollars and I didn't want to leave that big of a mistake to myself. Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21786 Posts	Posted 02/28/2013 6:49 pm jakeW: KEEP this coin until you can prove for sure that it is a proof or NOT. My opinion isn't definite enough. You need to prove in your own mind what looks like a very good strike circulation coin, and what appears to be a specimen coin, which could actually be a proof. Report this Post to the Staff
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