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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 The 1 agora coin was withdrawn from circulation on April 1, 1991 by the Bank of Israel, [3] as was the 5 agorot coin on January 1, 2008; in each case the value had shrunk to much less than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 Bank of Israel maintains that the 10 agorot design was selected for its historical value, and is a "replica of a coin issued by Mattathias Antigonus (40–37 B.C.E.) with the seven-branched candelabrum". [6] The design, by Nathan Karp, first appeared on the 100 shekel coin issued by the Bank of Israel on 2 May 1984. [7]
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. In 1963, IL 1 ⁄ 2 and IL 1 coins were introduced, followed by IL 5 coins in 1978.
Discover More: 8 Rare Coins Worth Thousands That Are Highly Coveted by Coin Collectors If you are a collector, saver or even accidental hoarder of your old belongings, you could be sitting on a ...
This rare coin is notable because it doesn’t contain a mint mark; the U.S. Mint deliberately didn’t include mint marks on coins produced from 1965 to 1967, to limit coin hoarding. The Mint ...
The American Israel Numismatic Association is a democratically organized, membership oriented group, chartered as a non-profit association under the laws of The State of New York. The primary purpose is the development of publications, programs, meetings and other activities which will bring news, history, social and related background to the ...
In 1981, the value of Israeli currency continued to fall, reaching IS 15.60 per U.S. dollar at the end of the year. At the end of 1982, the exchange rate was IS 33.65 = US$1 and was falling still. The following shows the official exchange rate of one U.S. dollar in specific periods of time at the end of the period:
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]