Bidspirit auction | Gold coin of Israel General

Gold coin of Israel General Bank, 14 carat, with hard edges, thickness 2.0 mm, diameter 22.0 mm, weight 7.93 grams. Includes the caption: ”General Bank of Israel Ltd.” and ”Israel General Bank LT”. - This currency is related to Baron Rothschild, on the one hand, and to the history of the growth of private banking in Israel on the other. On the coin appears the symbol of the Rothschild family, in the center of which stands the red shield (Roth-Schield). The motto of the family is ”Concordia, Integritas, industrialia” which means ”unity, integrity, productivity”. In 1934, businessman Alfonso Tzal, one of the wealthiest businessmen of the time in the field of investment and insurance, established a private bank called Bank of Israel for Credit Benefit Ltd. The bank employed five officials who handled accounts and loans for individuals and companies. Israel for the benefit of credit ”for more than 30 years, until 1964. In 1965, Baron Edmond de Rothschild, the grandson of the well-known philanthropist Baron, acquired the concession to operate the dustbin from Alfonso, and changed his name to” General Bank of Israel Ltd. ” Until 1996, in which the ownership of the bank was transferred to the Investec banking group from South Africa and renamed ”Investec Bank (Israel) Ltd.” In 2004, First International acquired the Bank and the public's shares as part of a tender offer. The name of the Bank was changed to ” . In 2015, the Bank merged with FIBI and ceased to operate as a separate banking entity. The General Bank of Israel used to specify a period of employment and seniority for employees. When the employee had 10 years of employment at the Bank, the management used this kind of currency. On which the minting year was stated. The practice began in the 1970s and continued until the mid-1990s, the coins were minted in the state-owned mint.