Israel - 25 Mils 1949 - Close Link - NGC MS 62 This stunning example of the Israel ...

Israel - 25 Mils 1949 - Close Link - NGC MS 62 This stunning example of the Israel 25 Mils 1949, graded NGC 62, exhibits impressive luster on both sides, making it one of the finest specimens of this type ever offered for sale. Its exceptional quality, especially in the Close Link variety, makes it an extremely desirable coin for collectors and one that is unlikely to be surpassed in terms of condition. After the establishment of the State of Israel in 1948, the mil (and the Israeli pound) served as the official currency. The 25 mils coin was the only denomination minted during this period and remained in circulation until 1952. This coin, struck in both Jerusalem and Holon, was produced in a variety of designs. Mintage: Approximately 650,000 coins were minted in Jerusalem and Holon in different varieties, including the Close Link type. General Description: The 25 Mils 1949 coin, marked with a distinct Close Link design, features sharp details that are well-preserved in this particular example. The coin stands as a significant piece of early Israeli numismatic history, encapsulating the country's transition to a new state and new currency. Front: The obverse displays the denomination "25 Mils" with two stylized olive branches on either side. The olive branches are a symbolic representation of peace and prosperity. Back: The reverse shows a cluster of grapes, representing Israel's agricultural wealth, with the word "Israel" inscribed above. In September 1950, the 25 mils ceased to be legal tender, and by 1952, Israel transitioned to the Israeli pound, replacing the mil with the pruta as a smaller unit of currency.