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The Israel 250 Pruta 1949 KM#15 UNC (with pearl) coin is a significant piece of numismatic history, representing one of the early efforts by the newly established State of Israel to create a distinct and functional currency system. Issued during a pivotal time in the country's history, this coin reflects both the economic challenges and aspirations of Israel as it emerged from the turmoil of the post-independence period. The 250 Pruta coin, alongside other denominations from the same era, was part of a larger effort to establish a national currency that would symbolize the nation's identity and sovereignty.
Issued in 1949, the coin's history is deeply intertwined with the establishment of the State of Israel, which declared its independence in 1948. Following the declaration, the need for a new currency was immediate, and the newly formed Israeli government began to issue coins and banknotes to replace the British Mandate currency that was in use. The 250 Pruta coin was one of the larger denominations introduced to facilitate more substantial transactions during a time of economic adjustment and growth. The coin's release marked a critical step in stabilizing the nation's economy and establishing a sense of permanence and identity for the young state.
The design of the 250 Pruta coin is both symbolic and functional, capturing elements of Jewish heritage and the aspirations of the newly established state. On the obverse side, the coin features a detailed depiction of a menorah, a symbol of Jewish tradition and a significant element in Israeli national iconography. The menorah is portrayed with a central base and six branches, representing light and knowledge. Accompanying the menorah are the Hebrew inscriptions "מדינת ישראל" (Medinat Yisrael), which means "State of Israel," and "250 פרוטות" (250 Prutah), indicating the coin's denomination. The presence of the menorah emphasizes the continuity between the ancient Jewish heritage and the modern state of Israel.
The reverse side of the coin is marked by a simple yet effective design that prominently displays the denomination "250" and the word "פרוטה" (Prutah). This straightforward design approach reflects the practical nature of the coin, intended for everyday transactions and as part of the broader currency system. The reverse also includes the small pearl detail next to the menorah, which is a distinguishing feature of this particular issue. The pearl adds a subtle yet significant element of distinction to the coin, enhancing its appeal and making it a notable variation among the early Israeli coins.
In terms of condition, the 250 Pruta 1949 coin is classified as Uncirculated (UNC), which indicates that it has been preserved in excellent condition, with its original luster and detail intact. UNC coins are highly valued by collectors for their pristine state, reflecting minimal to no wear from circulation. The coin's sharp details, clear inscriptions, and vibrant surfaces contribute to its desirability and value in the numismatic market. The presence of the pearl detail further enhances the coin's collectible status, as it represents a specific and sought-after variant within the series.
The mintage of the 250 Pruta 1949 coin was relatively limited compared to other denominations, which adds to its rarity and appeal. Although exact mintage figures can be challenging to pinpoint, the early years of Israeli coin production were marked by lower mintages due to the economic constraints and logistical challenges faced by the new state. As a result, surviving examples of the 250 Pruta coin, especially those in UNC condition with the pearl detail, are considered valuable and significant within the context of Israeli numismatics.
In conclusion, the Israel 250 Pruta 1949 KM#15 UNC (with pearl) coin is a remarkable piece of early Israeli currency, reflecting the country's efforts to establish a distinct and functional monetary system in its formative years. The coin's design, historical context, and minting details all contribute to its significance and value among collectors. As a symbol of Israel's early economic and cultural development, this coin offers a window into the nation's past and stands as a testament to its journey towards establishing a stable and unique national identity.