Bidspirit auction | 500 Lira 1975 – Independence

500 Lira 1975 – Independence and Development Bank – 900 Gold, 20g, 30mm Independence Day Coin 1975, 27th Anniversary of the State, 1975 In September 1950, Prime Minister David Ben-Gurion convened sixty leaders of American Jewry in Jerusalem to discuss the issuance of State of Israel bonds, in order to raise capital for the accelerated development of the young state’s economic infrastructure. Less than a year later, a special conference of the main Jewish organizations in the United States opened the issuance of the first issue of “bonds” (The English word means – bonds for the State of Israel). The capital raised over 25 years (85% in the United States, the rest from other countries) was invested in the development of new cities, roads, ports, the exploitation of natural resources, water and electricity plants and many other projects. Obverse: In the center  “500 liras” on the gold coin. Below – the state emblem. On the edge of the coin, on the left, the inscription “Israel” in Hebrew, Arabic and Latin letters, and the year “1974”. Reverse: A stylized Star of David developing in silhouettes around it. On the edge “25 years of independence” in Hebrew and English