Israeli Gold Coins

July 11, 2011 - by mosesbet · Filed Under Gold Coins Leave a Comment

Issued by the Bank of Israel, Israeli gold coins are known as ‘The Jerusalem of Gold’. The uniqueness of the coins lies in the featuring of a significant historical site of the eternal city of Jerusalem on the obverse side of the coins.

There has been growing enthusiasm among both the national and international Israeli coin collectors after the offering of Israeli coins took place this year under the distributorship of the Israeli Coin and Medal Corporation. The coins were unveiled in honor of the Jerusalem Day. Here is a look at some features of Israeli gold coins that may interest coin enthusiasts.

About the Coins

The coins of the, ‘Jerusalem of Gold’ series consist of 1 oz .9999 fine gold, with a face value of 20 NIS. These are the first type of Israeli gold coins to have been priced in accordance with the international gold price. There is also a reasonable mark-up over the gold.

The Coins and Medal Corporation of Israel plans to issue about three thousand and six hundred gold coins, and a restriction will be imposed on each customer on the number of coins he or she is allowed to buy. Officially, a gold collector can buy up to five coins.

Press releases from the Israel Coins and Medal Corporation revealed the fact that the excitement due to the issue of gold coins this year resulted in a crash of the phone network, as the corporation was flooded with calls from customers and their millions of queries regarding the purchase of the coins.

The Significance of the Design

The unique features of the coins have made the Israeli gold coins priceless for both the coin collectors and the investors. The reverse side of the coin features the Tower of David rising above the walls of Jerusalem. This feature has great significance as the design is made as an honor to the great Western Wall.

The Western Wall was constructed as a part of the project ordered by King Herod, and laid huge stones without using cements. The wall rises to a height of about thirty two meters, the lower half of which is buried. Later two upper layers were added to the structure. The Western Wall is considered to be a sacred place of Israel being situated close to the place where the Holy of Holies of the Temple stood. About eight million people visit the wall in a year to offer invocation. The sacred place is visited at all hours of the day, the sight of which also reflects on the coins.

The other side of the coin features The Lion of Megiddo with its curved and stylish tail. The image is taken from an ancient seal excavated in the Jordon valley of Megiddo. The seal is known to have belonged to ‘Sherma’, the servant of an Israeli king named Jeroboam II. The lion symbolizes Judah and also Israel’s capital, Jerusalem.

Price

Unlike most other coins, the price of the Israeli gold coins is not fixed. The price is likely to fluctuate daily in accordance with the International gold price. The price of the Israeli gold coins is determined by the ICMC regularly at 09:00 Israel time and the price of each day remains fixed for a span of twenty four hours.

On ordering, the Israeli gold coins will be supplied to you in an attractive presentation box along with a certificate of authenticity.

Reports suggest that consumers’ interest towards gold have increased in the recent years and many are heading towards buying gold coins due to the concerns about inflation and financial instability. Before another economic crisis sets in, leading to the shortage of gold coins, make sure you order your Israeli gold coins and enjoy the blend of tradition and purity.

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