25 Lirot Israel Bond Program

Issued to mark the 27th anniversary of Israeli independence, this coin was sold through the State of Israel Bonds program — a fundraising mechanism established in 1951 by David Ben-Gurion to finance national infrastructure when conventional foreign credit was largely unavailable to the young state. Bond program coins of this period were sold at premiums above face value and directed predominantly at diaspora Jewish communities, meaning most never entered domestic circulation at all.

KM#81 is among the more frequently encountered Israeli silver issues of the 1970s, the program having generated substantial mintages across multiple denominations that year.