Yes — Les Feldick teaches that the lost coin is a Jewish symbol for the nation of Israel, which belongs to God by covenant and must be recovered.
In the parable, the ten coins are part of a Jewish dowry, making the lost coin something of value that already belongs to its owner. Les applies this to Israel: the nation is God's peculiar treasure by covenant, yet nationally it has been blinded and lost. God must seek and redeem Israel, while individual Jews can still be saved.
Luke 15:8 — This is the parable being interpreted; the coin is part of a Jewish woman's dowry.
In Luke 15:8–10, Jesus describes a woman with ten pieces of silver who loses one. She lights a candle, sweeps the house, and searches diligently until she finds it. Then she calls her friends and neighbors together, saying, "Rejoice with me; for I have found the piece which I had lost." Jesus concludes that there is joy in the presence of the angels of God over one sinner that repenteth. Throughout Scripture Israel is described as God's own possession. Exodus 19:5 says that if Israel obeys God's voice and keeps His covenant, they will be a peculiar treasure unto Him above all people. Romans 11:7 states that Israel hath not obtained that which he seeketh for, but the election hath obtained it, and the rest were blinded. Romans 11:8 adds that God gave them a spirit of slumber, eyes that they should not see, and ears that they should not hear unto this day. Ezekiel 37:11 pictures the whole house of Israel saying, "Our bones are dried, and our hope is lost: we are cut off for our parts."
Les Feldick teaches that the parable of the lost coin must be interpreted within Jewish custom, not as a general parable about the church. He says the ten pieces were part of a dowry, and the parable "fits only if you leave it within the customs of the Jew." He connects this to the previous parable of the lost sheep, where the ninety-nine are the self-righteous religious Jews and the one sheep is the small remnant who believed Jesus was the Christ. The lost coin follows the same pattern. Les emphasizes that God deals with the Jew on two levels — nationally and individually. The national covenant involves the whole nation, and nationally Israel has been blinded (Romans 11). Yet an individual Jew can still be saved and enter into an individual relationship with God. Thus the lost coin pictures the nation of Israel as God's covenant people who are lost and need to be recovered, without implying every individual Israelite is outside salvation. Les also teaches that redemption is the buying back of something that was owned and lost. Israel belonged to God as a peculiar treasure, yet God lost control of His people in Egypt and had to buy them back through the blood of the Passover lamb. Looking to the future, he says the dry bones of Ezekiel 37 show that the whole house of Israel, not just some tribes, will be brought back to life nationally.
In the parable, the ten pieces of silver are part of a woman's dowry — not ordinary currency. Les says this detail only makes sense within Jewish customs. He also speaks of Israel as God's "peculiar treasure" of intrinsic value, which connects the lost coin to the chosen nation. The coin is not lost forever; it is lost but still owned and valued by its owner.
Les emphasizes a national/individual distinction. The covenant was made with Israel as a nation, and nationally Israel has not obtained what it sought. Romans 11:7 says the election has obtained it and the rest were blinded. Les adds that this is a national blindness — a veil — but an individual Jew can still come to a personal relationship with God through salvation. The lost coin therefore concerns Israel nationally, while still allowing individual Jews to be the "election" who believed.
Redemption in Scripture is the buying back of something that was owned and lost. Les points to Exodus: God's chosen people were lost to Him in Egypt while Joseph was there and the brethren were in rebellion, so God had to redeem them with the blood of the Passover lamb. In the same way, the lost coin is a lost possession that must be found. Les also applies this to the future: Israel has been nationally dead in dispersion, but God will bring the whole house of Israel back to life as a nation.
The Lost Coin in Jewish Custom
Les shows the ten coins are a dowry and the parable only fits within Jewish customs; following the lost sheep, it pictures Israel and the believing remnant.
National Covenant vs. Individual Jews
God's covenant with Israel is national, but He deals with individual Jews; the nation is blinded nationally yet individual Jews can still be saved.
Israel's National Resurrection
Israel has been nationally dead in dispersion like dry bones, but Ezekiel's vision promises the whole house of Israel will be restored as a nation.
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You remember over the years now I've taught, you have to realize that God deals with the Jew on two different levels, nationally and individually. Never lose sight of that, all right? Now verse 11, I say then, the Apostle Paul writes to the Gentile church at Rome, I say then, have they, the nation of Israel, have they stumbled that they should fall? In other words, that God would just kick them ou…
Why Peter Preached to "Ye Men of Israel" (Acts 2 & 3 Explained)
That was Israel's prospect, but what did they do? They rejected it in unbelief. Oh, that's been the world's problem, not just Israel's. All right, now in our closing moments, let's run all the way up again to Romans. I like to tie all this together as much as we can, Old Testament and New, because they all fit.
Redemption as Buying Back What Was Lost
God lost His chosen people in Egypt and bought them back by the Passover lamb; redemption is the recovery of something owned and lost.
Israel as Peculiar Treasure
Israel is not an ordinary treasure but of intrinsic value, chosen above all people by God's sovereignty — the lost coin is such a treasure.
The Election and the Blindness
Nationally Israel has not obtained what it sought, while the election (believing Jews) has; the rest are blinded by a veil.
Luke 15:8: Either what woman having ten pieces of silver, if she lose one piece, doth not light a candle, and sweep the house, and seek diligently until she find it?
This is the parable in question; the coin is part of a woman's possessions, and she searches until she recovers it.
Exodus 19:5: Now therefore, if ye will obey my voice indeed, and keep my covenant, then ye shall be a peculiar treasure unto me above all people: for all the earth is mine:
God describes Israel as His peculiar treasure, which Les connects to the valuable coin in the parable.
Romans 11:7: What then? Israel hath not obtained that which he seeketh for; but the election hath obtained it, and the rest were blinded
Paul explains that Israel as a nation missed what it sought, while the believing remnant obtained it.
Romans 11:8: (According as it is written, God hath given them the spirit of slumber, eyes that they should not see, and ears that they should not hear;) unto this day.
This verse describes the national blindness of Israel.
Ezekiel 37:11: Then he said unto me, Son of man, these bones are the whole house of Israel: behold, they say, Our bones are dried, and our hope is lost: we are cut off for our parts.
Israel's national hope is described as lost, but God promises to restore the whole house of Israel.
Les teaches that God deals with Israel both nationally and individually. The lost coin pictures the nation of Israel as God's covenant people that has been lost and needs recovery. At the same time, individual Jews can still be saved even though the nation is blinded.
The ten coins were part of a Jewish dowry, which is why Les says the parable fits only when understood in Jewish customs. They show that the lost coin was something of value that already belonged to the woman — a picture of Israel belonging to God as His peculiar treasure.
Through redemption — God buying back what was lost. Les points to the Passover lamb as the pattern of Israel's redemption from Egypt, and to Ezekiel 37 as the promise that the whole house of Israel will live again as a nation.
Watch the Teaching: What the Bible Really Says About the Prodigal Son