ISRAEL GOVERNMENT COINS & MEDALS CORPORATION. BACKGROUND. The Israel Government Coins & Medals Corporation (IGCMC) was established in 1961 by David Ben Gurion, the first Prime Minister. The Corporation has remained under the full ownership of the State of Israel.
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The Israel Government Coins & Medals Corporation (IGCMC) was established in 1961 by David Ben Gurion, the first Prime Minister. The Corporation has remained under the full ownership of the State of Israel.
The corporation is active in several spheres of activity:
coins, medals, ancient coins, judaica and decorative items, jewelry andart items.
The Goals of the Corporation stated in the Articles of Association are:
To commemorate historic and national events, achievements of the State of Israel, important personalities and leaders, historic sites, meaningful personal and family milestones; to advance Israeli and Jewish art; the purchase and sale of ancient and modern Israeli coins.
COMMEMORATIVE COINS AND SPECIAL ISSUES
Commemorative coins and special coins are
Issued by the Bank of Israel.
The Israel Government Coins and Medals Corporation is the exclusive certified distributor of these coins in Israel and worldwide.
Five coins are generally struck each year, including an Independence Day coin and a set of Hanukka coins.
COMMEMORATIVE COINS AND SPECIAL ISSUES
The IGCMC markets authentic ancient coins and other antiquities, such as oil lamps and jewelry set with ancient Roman Glass.
All items are chosen with the assistance of experts. They are
sold under license from the
Antiquities Authority and are accompanied by certification
of authenticity and historical explanations.
JUDAICA AND GIFT ITEMS
The IGCMC markets gift and decorative items designed by Israeli artists. These products are produced for the IGCMC in limited, numbered editions with the artist’s signature. Many items incorporate in the design medals sold by the Corporation. Most items are sold on consignment.
The Corporation also markets Judaica items such as: Hanukka lamps, Mezuzah cases, Bibles, Passover Haggadot, Kiddush cups, etc.
JEWELRY AND WATCHES
The Corporation markets a variety of jewelry items and watches, frequently embellished with a medal. “Adillion”, a registered trademark of the IGCMC, is a coin or medal mounted in a gold or silver frame. Jewelry items are supplied with a Certificate of Authenticity certifying the design, metal content, and quality of the stones.
The IGCMC offers its subscribers art items including lithographs, serigraphs, sculptures, wall rugs, and other art objects.
The art items, chosen with the assistance of the Corporation’s art consultant, include works by artists of world renown such as Chagall, Rubin, Castel, Gutman, and Modigliani, as well as works
by promising Israeli artists.
The IGCMC has a subscriber base of about 40,000 people in Israel and abroad. Six times annually subscribers receive a brochure describing new products offered by the Corporation. Orders are received at the Corporation’s office in Jerusalem where the products are packed and shipped by mail, within Israel and abroad.
Orders can also be placed via the online shop on the IGCMC website.
The IGCMC has six shops in Israel:
Operated directly – in Tel Aviv, Haifa and Ben Gurion Airport
Operated via concession – in Jerusalem, Raanana abd Beersheva
Issuing Commemorative Coins of the State of Israel is the exclusive responsibility of the Bank of Israel.
In certain cases, the IGCMC is authorized by the Bank of Israel to produce the coins that the Corporation markets.
In 2004 the IGCMC set up a mint near Jerusalem.
Recent Commemorative Coins issued by the Bank of Israel were struck by the Corporation at quality levels comparable to those abroad.
final authorization by the Bank of Israel before they are released.
The Corporation strikes most gold, silver, and bronze medals up to 50mm (5cm) diameter in the IGCMC mint.
The remaining medals are produced in Israel and abroad (mostly in Europe and the U.S.)
TheCorporation employs 40 people.
15 employees are covered by a collective agreement, and 25 work according to private contracts.
DEPUTY MANAGING DIRECTOR
LOGISTICS AND VAULT
CUSTOMER SERVICE DEPARTMENT
Mailing in Israel and Abroad