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Message:: [QUOTE="LaCointessa, post: 2760337, member: 87186"]Here is information I had from seller before I purchased them. Complete set of historical Israeli coins - the Israeli Lira and Agora series + Old Sheqel (Shekel) and New Agora Series The Israeli Lira and Agora historical background The Israeli Lira was the currency of the State of Israel from June 1952 until 23 February 1980. The British Mandate of Palestine, which administered the territory now known as Israel, Jerusalem, the West Bank and Gaza prior to May 15 1948, issued the Palestine Pound, a currency equal in value and pegged to the UK Pound, which was divided into 1000 Mils. Israel inherited the Palestine Pound after the establishment of the state. In 1952 the Anglo-Palestine Bank changed its name to Israel National Bank and the currency name changed from Palestine Pound to Israeli Pound or Israeli Lira. While the first coins minted by Israel still bore the name Mil, the next ones bore the Hebrew name Prutah. The pegging to the UK Pound was abolished on January 1 1954, and in 1960 the sub-division of the Israeli Lira was changed from 1000 Prutah to 100 Agora. The Israeli Lira was replaced with the Sheqel on 24 February 1980, which was again replaced with the New Sheqel on 1 January 1986. The old Sheqel and New Agora historical background The old Sheqel, known at the time as the Sheqel, was the currency of the State of Israel between 24 February 1980 and 31 December 1985, it was short-lived due to its hyperinflation. The old Sheqel replaced the Israeli Lira (Israeli pound) which was used until 24 February 1980. The old Sheqel was subdivided into 100 New Agorot. The designs of the 1, 5 and 10 New Agorot coins and the 1/2 old Sheqel coin were identical to the designs on the coins in the previous series that they replaced. The motifs of the 1, 5, 10, 50, and 100 old Sheqel coins were new interpretations of old themes. The old Sheqel was replaced by the New Sheqel (NIS) at a ratio of 1000:1 on 1 January 1986.[/QUOTE]

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