State of Israel Bonds

State of Israel Bonds
Official Award Medal, 5725-1965

In September 1950 Prime Minister Ben-Gurion called fifty Jewish leaders from the United States to attend a "Conference in Jerusalem". The purpose - to decide to raise capital for economic expansion of such magnitude that would make it possible for the country to absorb mass immigration. It was decided to launch interest bearing "Independence and Development Bonds", the proceeds of which would be used for the development of agriculture and industry, the building of a deep sea port in Ashdod, exploiting of natural resources, etc. The drive met with great success. "Bonds" are sold in 35 countries (85% within the U.S.A.). The medals issued in honor of the Bond Drive were intended as an award for people who have been unusually successful in selling the "Independence and Development Bond". The first medal was awarded in 1965 by Prime Minister Levi Eshkol in person.

Obverse: Above, the inscription in English "State of Israel Bonds. Awarded to (a blank space follows for the name of the recipient)". In the center within a rectangle, the rest of the inscription "For service in the cause of Israel's development" and below - "Prime Minister".

Reverse: The Hebrew words "Independence and Development Bond Drive" entwined in a burst of sunshine, symbolizing the source of energy. The sun's rays cause the wheels of industry to move. Inside the wheel, spokes are seen - the enterprises which the bonds helped to develop.

Edge: The State emblem and the words "State of Israel" in Hebrew and English. The silver medals bear "Silver 935" in Hebrew and "Silver" in English on the medals minted by Hecht or "Sterling" on those minted by Kretschmer.

Designer: Nathan Karp.

Engraving: Kretschmer

Mint: Kretschmer, Hecht.