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<p>[QUOTE=&quot;aviko, post: 136884, member: 5498&quot;]Heinton and All - Hi from Israel,</p><p>Hope not to bore you all so please excuse me for writing in length:</p><p>The Israeli Shekel is the third out of four monetary systems which were used solely in the land of Israel during the 20th and 21st centuries. Until British (1918) rule the Ottoman coinage + other European coins were used in a big mishmash metal based system. The British established the Bank of Palestine and issued the Palestine Pound which was divided into 1000 units of Mil. Coins and notes were issued. The Pound was as the value of the British Pound. Thus the 50 Mil coin was called by people&nbsp; &quot;shilling&quot; (being 1/20 of the pound).</p><p>When the state of Israel was founded the Israeli Lirah was launched. It was divided to 1000 Prutah and started as a direct continue to the Palestine Pound in coins&#039; sizes and value. In the beginning of the &#039;60 the Prutah was cancelled and from that time the Lira was divided to 100 Agorah (and in Plural - Agorot).</p><p>After moving to a less of a centralized economic system in the late &#039;70 the Lirah suffered from high speed devaluation. in 1980 The Shekel (The very coin you have) was introduced. Israelis converted 10 Lirah for every Shekel the got from the bank. This psychological act was not accompanied with other measures and inflation kept a somewhat frantic course. By 1984 we already had a 100 Shekels coins and an inflation rate which almost reached an annual rate of400%. On 1984 the New Israeli Shekel was introduced and was an equal of 1000 old shekels. It was accompanied with some strict government actions. Prices were fixed by law and pricing tags were obligatory. When merchants were found overpricing or not showing price labels they were fined. After&nbsp; 2-3 years the price supervision was cancelled and since then we still use the New Shekel as our currency. </p><p>All coins of the state of Israel have on their backs motifs from Ancient Israeli coins from different stages of independent or semi independent periods of Jewish people during the first century B.C. and 1-2 centuries A.D. The Shekel you have has a symbol that was used on the Prutah coin (So I think -&nbsp; am not an expert of ancient coins) from the first rebellion against the Romans on 67 A.D.</p><p><br /></p><p>Avi[/QUOTE]</p><p><br /></p>

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