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J.N.F. Plans to Sell Gold Shekel; Israel May Issue Gold Coin

March 4, 1953
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The Israel Government is considering minting a gold coin equal in value to the British sovereign which may be issued in limited quantities and quoted on the Tel Aviv stock exchange, it was learned here today.

The plan was originally conceived by the Jewish National Fund as a fund-raising device. The JNF planned to sell a gold shekel throughout the world and made arrangements for a group of international banks to handle the transactions.

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