10 New Sheqalim Law in Israel

This issue belongs to Israel's "Independence Day" gold series, authorized annually under the Coins Law to commemorate each successive year of statehood. The 1992 release marked 44 years of independence. These coins were produced in limited proof editions and sold directly through the Bank of Israel and authorized dealers rather than entering general circulation — a deliberate policy that kept mintages low and condition populations unusually uniform.

The .900 fineness specification follows the standard adopted for this series rather than the higher purity used in some contemporary Israeli bullion issues.