1 New Sheqel Nazi Defeat

Issued on the fiftieth anniversary of the defeat of Nazi Germany, this coin is part of Israel's long-running commemorative program administered through the Bank of Israel, which has produced annual silver issues since the 1950s. The 1995 date places it squarely within a concentrated period of Holocaust remembrance programming across the Western world, coinciding with ceremonies at Auschwitz and the formal commemorations held by the Bundestag — the first time unified Germany officially marked the liberation as a day of national reflection rather than defeat.