Thursday, May 13, 2010

A New Bullion Coin

This one, from Israel. The Israel Coins and Medals Corporation is issuing a 1 ounce bullion gold coin, the first of a series, with mintage limited to 3,600 coins. The series' theme is "Gold of Jerusalem," and this coin features the Tower of David. No more than five will be sold to an individual customer.

The first Israeli bullion coins are priced according to their weight and in accordance with the daily international price of gold, plus a reasonable premium above the gold spot price. Hence the price of the coin is not permanent, in contrast to that of most other coins, since it fluctuates in accordance with the daily international price of gold. On Wednesday’s issue date, the Tower of David coin was priced at NIS 6,393, or $1,467.
I got the images from its Israel Coins and Medals Corp. page.

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