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The Israel 10 New Shekel 1995 “Victory over Nazis” PF70 Ultra Cameo NGC silver proof coin is a striking commemorative issue honoring the triumph of Allied forces over Nazi Germany in World War II and celebrating Jewish survival and resistance. Issued by the Israel Government Coins and Medals Corporation (IGCMC) under the authority of the Bank of Israel, this coin is part of a broader series commemorating moments of historic and moral significance to the Jewish people and the world. Struck in .925 fine silver and certified PF70 Ultra Cameo by NGC, this piece combines perfect numismatic execution with a powerful message of remembrance and defiance.
The reverse design of the coin is bold and deeply symbolic. It features a stylized Star of David rising from the ashes of war, superimposed over shattered shackles and barbed wire. The central image captures the essence of liberation: the triumph of identity, spirit, and survival over bondage, tyranny, and genocide. The composition is both literal and metaphorical, showing the Star of David as the enduring symbol of the Jewish people reclaiming its dignity in the aftermath of the Holocaust. The Hebrew inscription “הנצחון על הנאצים” (Victory over the Nazis) is placed across the top edge, while the English version, “Victory over Nazis,” is presented along the bottom. The stark contrasts and clean lines reinforce the gravity of the subject matter while conveying hope through rebirth.
The coin is a memorial and a declaration. While it commemorates a global victory achieved by Allied forces in 1945, it also focuses acutely on the specific Jewish experience of survival and resurgence. The end of Nazi rule marked not only the fall of a genocidal regime but also the beginning of renewal for a decimated people. Within a few short years after the Holocaust, the State of Israel was founded, giving renewed life to Jewish sovereignty after nearly two millennia of diaspora. This coin, issued half a century later, reflects that arc—from annihilation to restoration—by embedding symbols of both suffering and endurance in its design.
The obverse of the coin features the standard layout used in Israeli commemorative coinage from this period. The emblem of the State of Israel, a seven-branched menorah flanked by olive branches, is placed prominently at the top. Below it are the trilingual inscriptions for “Israel” in Hebrew, Arabic, and English. The denomination, “10 New Shekels,” appears in both Hebrew and English, followed by the dual dating of “1995” and the Hebrew calendar year “5755.” This formal, emblematic obverse anchors the historical narrative of the reverse with the authority and dignity of the modern Israeli state.
Minted in sterling silver, the coin was produced in proof quality using specially prepared dies and planchets to achieve highly polished mirrored fields and frosted reliefs. The Ultra Cameo designation by NGC certifies that the coin exhibits strong contrast between its deeply mirrored background and its sharply frosted design elements. The Star of David, chains, and barbed wire are rendered in a crisp, frosted finish that gives them the appearance of floating above a liquid-black reflective surface. The interplay between the dark fields and the radiant imagery emphasizes the theme of light breaking through darkness.
Receiving a perfect PF70 grade from NGC means the coin is in flawless condition. There are no post-production imperfections of any kind—not even under 5x magnification. The mirrored fields are clear and deep, with no hairlines, cloudiness, or marks, while the frosted devices are uniformly textured and boldly struck. The sharpness of detail, especially in the fine rendering of the barbed wire and links, reveals exceptional craftsmanship and die control. The coin is securely encapsulated in NGC’s tamper-proof holder, protecting it from environmental damage and ensuring long-term preservation of its pristine condition.
The mintage of the 1995 “Victory over Nazis” silver proof coin was deliberately kept low to heighten its collectible value and to align with the solemn nature of its commemoration. As with most IGCMC silver proof issues of the era, the total mintage was limited to several thousand pieces—typically between 3,000 and 5,000. Each coin was issued with an official certificate of authenticity and housed in a presentation case, making it suitable for both institutional archives and private collectors. The low mintage and perfect grade make surviving PF70 Ultra Cameo examples increasingly rare on the secondary market.
This coin occupies a unique position within Israeli numismatics. Unlike other issues that celebrate national milestones, religious festivals, or cultural icons, this piece is explicitly political and moral in its message. It does not just celebrate a victory—it memorializes victims, honors resistance, and reaffirms the survival of a people who were targeted for total annihilation. It speaks to the legacy of Auschwitz and Treblinka just as it echoes with the voices of Jewish partisans and Allied soldiers who fought for liberation. Its message is one of defiant remembrance: Never forget, never again.
The design of the reverse is as artistically compelling as it is thematically potent. The fractured chains and barbed wire call to mind the brutal conditions of Nazi camps, while the rising Star of David asserts the permanence of Jewish identity and resilience. It is a visual narrative of suffering transformed into strength. The composition’s balance and clarity ensure that the message is instantly understood, even by viewers unfamiliar with its historical context. This is the hallmark of excellent numismatic design—where aesthetics and symbolism coalesce to create enduring meaning.
The Israel 10 New Shekel 1995 “Victory over Nazis” PF70 Ultra Cameo NGC silver proof coin remains one of the most profound and emotionally charged pieces in the entire Israeli commemorative series. For collectors of Holocaust memorial items, Judaica, or modern world silver proofs, this coin represents a convergence of artistic integrity, historical depth, and technical perfection. It is not merely a coin—it is a monument in miniature, forged from silver and shaped by memory, grief, and triumph. With its flawless grade and limited availability, it stands as both a tribute to the past and a symbol of enduring resilience in the present.