1975 25lrt 27th Anniversary Independence Bond Program, Israel, PCGS PR-67

PCGS - In 1975, Israel issued two commemorative coins to celebrate the 25th anniversary of the Israel Bond Program. Since the conception of the Israel government-issued bonds from the first Israeli Prime Minister David Ben-Gurion, the program had helped develop the state of Israel and its infrastructure, as well as brought in funds from across the world.

A bond is a debt security - a promise to repay a loan at a later date with interest. Often bonds can be issued by any entity ranging from small municipalities to large countries and corporations. These bonds are a way for the issuer to get money upfront for a development or project and defer the cost to a later time. Bonds and their concept have existed for thousands of years, however the practice to issue bonds and take on debt, especially for a fledgling state or company, can be a hard decision to make.



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