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This is a fascinating coin. It was the first ever coin struck by the State of Israel and between 1948 - 1952 it circulated alongside old Palestinian coins of other denominations within the 1000 mils to 1 Palestine Mandate Pound. In 1952 the currency was renamed as 1000 prutah to 1 Israeli Lira. This coin circulated thereafter as a 25 prutah piece.
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Verified purchase: Yes