A Shekel That Is Worth Twice as Much as Gold (INN) ISRAEL NATIONAL NEWS) By Tzvi Ben Gedalyahu 03/26/12)
INN} ISRAEL NATIONAL NEWS
INN} ISRAEL NATIONAL NEWS Articles-Index-Top
The Bank of Israel’s limited mint of gold bullion coins has been
fetched up by collectors and now is worth twice their weight in gold.
The two coins had a limited mint of 3,600, and the one-ounce “Tower
of David” gold coin has sold out and has doubled in value in the
international coin collector market, according to the marketing
agent, the Israel Coins and Medals Corp.
The "Western Wall" Bullion coin, the second in the series, was
released on Jerusalem Day last year and is marketed for $2,057. The
Bank of Israel plans to unveil a third coin on Jerusalem Day this
The coins are legal tender with a face value of 20 shekels and are
priced 20 percent above the price of gold, which fluctuates daily.
The shekel today is worth slightly less than 27 cents, and the 20-
shekel coin has a face value of approximately $5.35. Gold is trading
on Monday at $1,657 an ounce.
The Western Wall coin features the “Lion of Megiddo,” taken from an
ancient seal, on one side. Above the figure of the lion appears the
State of Israel emblem and below it the word “Israel” in English,
Hebrew and Arabic.
The reverse side shows the Western Wall, the outer wall of the
courtyard of the Temple Mount, which the Roman Empire destroyed in
the year 70. (IsraelNationalNews © 2012 03/26/12)
Return to Top
MATERIAL REPRODUCED FOR EDUCATIONAL PURPOSES ONLY