Israel taps in to solar power to spark interest in coin collecting
- Published: May 18, 2015, 6 AM
Israel's latest coin taps into the world’s largest renewable energy source.
The Bank of Israel’s newest coin series, announced by the Israel Mint on May 11, also continues the annual tradition of marking the nation’s anniversary of founding.
The 2015 coins celebrate Israel’s 67th anniversary and highlight solar energy developments in Israel. Three coins share the same basic design, with the denominations varying.
Israel’s abundant sunshine and technological capabilities have enabled wide development of solar power. The southern desert region of the country has the highest levels of solar radiation in the world, according to the Bank of Israel. Derived from sunlight, solar energy is renewable and clean, and global demand for this form of energy is constantly growing, the bank notes.
The first commercial solar field in Israel, converting sunlight to electricity by use of solar panels, was launched in 2011. Today, this field produces 9 million kilowatt hours per year for the Israel Electricity Co. At the beginning of 2014, 11 more solar fields were inaugurated, six of them located in the desert south, according to the bank.
According to the International Energy Agency, solar energy, in the future, may well become the major source of electricity.
A Prooflike silver 1-new-Israeli-shekel coin, Proof silver 2-NIS coin and Proof gold 10-NIS coin comprise the 2015 Solar Energy program.
The shared obverse of the coins, designed by Ruben Nutels, shows the face value, Israel state emblem, the nation’s name in English, Hebrew and Arabic, INDEPENDENCE DAY 2015 and a decoration representing the sun and its rays.
Meir Eshel designed the shared reverse, which features the sun shining directly onto a solar panel, lighting up cells within the panel that form the shape of a menorah, the seven-branched candelabrum.
The legend SOLAR ENERGY IN ISRAEL in English along with its parallels in Hebrew and Arabic arc around the right border of the coin.
The .925 fine silver 1-NIS coin weighs 14.4 grams and measures 30 millimeters in diameter. It has a mintage limit of 1,800 pieces and retails for $49.
The .999 fine silver 2-NIS coin weighs 31.1 grams and measures 38.7 millimeters in diameter. It has a mintage limit of 2,800 pieces and retails for $80.
The .917 fine gold 10-NIS coin weighs 16.96 grams and measures 30 millimeters in diameter. It has a mintage limit of 555 pieces and retails for $1,125.
Prices quoted were current at publication but may be subject to change in concert with the precious metals market.
To learn more about the coins, visit the Israel Mint website.