But Paul Bogdanor, a historian who specialises in the Holocaust and antisemitism, insisted the coin was neither produced nor endorsed by any Jewish or Zionist group.
Mr Bogdanor said: “The image shows a coin struck by the Nazis in the 1930s to mark a series of articles published in the newspaper Der Angriff about a trip to Palestine by one of their agents.
“It was created by the Nazis to pretend that they wanted an ‘honourable’ solution to the ‘Jewish Question’ via the transfer agreement, which the Nazis later abandoned.
“The coin was of course pure Nazi propaganda, like a rapist pretending to sympathise with his victim.”
Mr Bogdanor also said those who use the image to discredit against Zionism today are “unscrupulously repeating Nazi propaganda”.
