The story
Israel Coins and Medals Corp. was established in 1958 by the first Prime Minister of Israel, David Ben Gurion, and was to be an Ambassador to the Jewish people and the world, through distribution of the Commemorative Coins issued by the Bank of Israel and the Official State Medals. Since its establishment, the Israel Coins and Medals Corp. has maintained its original character and values, as Ben Gurion had envisioned.
In 2008, the corporation was privatized, according to a decision made by the Israeli Government, and purchased by G.R.A.S Design Combinations Ltd., following a stringent selection process.
From Wikipedia’s article on Israel Coins and Medals Corp., shared under CC BY-SA 4.0.3