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      Archive: 5/20/2012
      16:23
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      News Brief

        5/20/2012, Iyar 28, 5772

      Limited Edition Knesset Menorah Coin for Jerusalem Day


      The Bank of Israel announced, Sunday, that the third Israeli bullion coin in the Jerusalem of Gold series, which is devoted to the Knesset Menorah, would be issued by the to mark Jerusalem Day. The seven-branched candelabra, which is 4.3 meters high, was given to the State of Israel in 1956 by the British Parliament and is located in the Rose Garden across from the Knesset in Jerusalem. The menorah and the Knesset building occupy one side of the coin, while the other side depicts a roaring lion which was discovered on an ancient Israelite seal from the eighth century BCE found at Megiddo in 1908. The coin is made of .9999 gold, has a diameter of 32 mm and weighs one ounce (31.1 grams). A maximum of 3,600 coins of this type will be issued.

      A statement from the bank says that the coins will be marketed by the Israel Coins and Medals Company Ltd. with a nominal value of NIS 20, constitute legal tender in the State of Israel. The price of the coin is equal to the value of its gold content according to the daily price of gold plus a premium of 20 percent and Value Added Tax.