Homepage / Bullion Coins: Israeli Bullion
On August 24th, 1954, the Bank of Israel was created by the Knesset, the legislature of Israel, when it passed the Bank of Israel Act.
The Bank of Israel is the sole issuer of legal tender in Israel, including commemorative and Israeli bullion coins.
Since 2008, Israeli commemorative and bullion coins are marketed by the Israel Coins and Medals Corp. (ICMC) on behalf of the Bank of Israel under "The Holy Land Mint" trademark.
In 1958, the Israel Coins & Medals Corporation (ICMC) was established as a branch of the Prime Minister’s office to market Israeli commemorative coins on behalf of the Bank of Israel as well as official State medals commemorating various historical and cultural events.
The ICMC was an entity of the Government of Israel until 2008 when it was privatized.
It is now owned by G.R.A.S. Design Combinations, Ltd., a well-known Israeli jewelry store chain headquartered in Nesher, Israel.
Today, ICMC operates in a wide range of activities, with special emphasis on production and global promotion of gold and silver for investment under the trademark of The Holy Land Mint.
The Mint Mark of The Holy Land Mint is the Star of David, the centerpiece of the Israeli flag.
Before 2014, The Holy Land Mint had limited facilities for producing and distributing Israeli commemorative coins and bullion.
Since 2014, The Holy Land Mint has been expanding there scope of expertise in the precious metals industry and now designs, produces, distributes, and promotes Israeli bullion.
Shortly thereafter, The Holy Land Mint launched its first Israeli investment product, the “Dove of Peace” gold and silver bullion bars.
The beautiful bullion collection is produced in fine .9999 gold and .999 silver in both rounds and bars in weights ranging from 1 gram to 1 kilogram.
Today, The Holy Land Mint's trademark stands out proudly on a variety of investment products that are sold in Israel and all over the world.
Two world-class European mints have previously been engaged by the ICMC to produce the precious metals investment bullion, the Royal Dutch Mint and the Mint of Finland.
Between 2010 and 2021, the Royal Dutch Mint (the Utrecht Mint) minted the majority of the "Jerusalem of Gold" bullion coin for the ICMC.
The Utrecht Mint was established in 1567.
During and subsequent to the Middle Ages, several mints were built in what is now the Netherlands.
However, in 1806, when the Netherlands were under the control of the French Empire, it was decided that all Dutch coins should be produced by a single mint.
The mint in Utrecht became the national mint under King Louis Bonaparte, a nephew of Emperor Napoleon I, who served as King of Holland 1806-1810.
In 1813, after Napoleon was defeated, the Kingdom of the Netherlands was founded with William I as King.
Since that time, the Royal Dutch Mint has been the only body allowed to strike and issue coins in the Netherlands; it is solely owned by the Dutch State.
The picture (above right) is that of the Royal Dutch Mint in Utrecht, which was built in 1911. It was taken on the 100th birthday of the mint building.
In 2012, the Mint of Finland minted the "Jerusalem of Gold" Israeli bullion coin for the
Israel Coins and Medals Corp. (ICMC).
The Mint of Finland was founded in 1860, is owned by the Republic of Finland and is located in Vantaa, Finland's fourth largest city.
In 2001, the Mint of Finland bought SAXONIA EuroCoin GmbH, based in Halsbruecke, Germany, which produces coin blanks for mints around the world.
In the same year the Mint of Finland bought AB Myntverket (the Mint of Sweden) from the Riksbank, the Swedish central bank.
Then in 2003, the Mint of Finland bought a fifty percent interest in the Mint of Norway.
The addition of these entities allowed the Mint of Finland to greatly expand its services and become the leading mint in Scandinavia and the Baltics.
The Mint of Finland is distinguished by its ability to offer complete service to its customers, from the production of coin blanks to tool manufacturing and the minting of coins.
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