This 27th Anniversary of Independence coin commemorates Israel bonds. Strangely, the inscription reads “25 Years State of Israel Bonds” even though the idea for the bonds was not even discussed until 1952! Many of the original mintage of 31,731 coins were melted in the late 1970’s when gold passed $800 per oz. Produced by the Royal Mint in Utrecht, Holland for the Government of Israel. Precious metal content is 20 gm. of 900 fine gold; diameter is 30 mm.