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Israel Coins and Medals Corp. is the body permitted by the Government of Israel to issue the official State Medals of Israel [1] and under an exclusive contract with the Bank of Israel, the corporation is the exclusive worldwide distributor of the commemorative coins and special banknote issues of the Bank of Israel. [2]
There are coins of 10 and 50 agorot, though the 50 agorot coin bears the inscription: "1 ⁄ 2 New Shekel". The 1 agora coin was withdrawn from circulation on April 1, 1991 by the Bank of Israel, [3] as was the 5 agorot coin on January 1, 2008; in each case the value had shrunk to much less than the cost of production.
The Israeli pound (לירה ישראלית, "lira yisraelit") was the currency of the State of Israel from June 1952 until it was replaced with the shekel on 24 February 1980. From 1955, after the Bank of Israel was established and took over the duty of issuing banknotes , only the Hebrew name was used, along with the symbol "IL". [ 8 ]
The current ₪100 in circulation is the Series C issued from 2017, it measures 71 x 143 mm with an orange color scheme. The Series B issued from 1999 to 2017 and were withdrawn from circulation by 2019.The ₪100 Series A bank notes were issued from 1986 to 1999 and measured 76 x 138 mm with a brown color scheme.
Slight differences in minting or condition can make a coin either worth thousands of dollars, or relatively worthless. More From GOBankingRates 7 Winter Clothing Items You Should Buy at Costco Now
Later in 1949, coins were issued in denominations of 1, 5, 10, 25, 50, 100 and 250 prutah. The coins were conceived, in part, by Israeli graphic designer Otte Wallish. All coins and banknotes issued in Israel before June 1952 were part of the Palestine pound. In 1960, coins were issued denominated in agora. There were 1, 5, 10 and 25 agorot pieces.
A rare collection of ancient coins was discovered last week by Israeli researchers, who called the find an "archaeological Hanukkah miracle." The coins are more than 2,000 years old and believed ...
These preserved the appearance of the similar coins under the pound but were worth 10 times as much. The initial runs were struck at foreign mints in order to preserve the secrecy of the coming currency conversion. IS 1 coins were introduced in 1981; IS 5 and IS 10 coins in 1982; and IS 50 and IS 100 coins in 1984. [3]