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.
[3] The aims of the Corporation are to commemorate historical and national events, scientific accomplishments and achievements of Israel, perpetuate the memory of its outstanding leaders and personalities, highlight its historical sites, preserve its culture and art and give artistic expression to the joyful occasions in Israeli society and lives of the individuals.
One side of the medal bears the design of the "Judaea Capta" Roman coins that were issued following the destruction of the Second Temple and victory of Rome, while the other side depicts a happy mother lifting her baby and an agriculturist planting a tree in the young State of Israel, symbolic of the rebirth of the Jewish people in the Land of Israel.
In 2012, for the first time, Israel Coins and Medals Corp. issued gold and silver bars with Dove of Peace and Jerusalem designs, for investment and gifts.
The bars range in weight from 1 gram to 1 kilogram, are struck in gold/999.9 and silver/999, serially numbered and come in special secure tamper-proof packagings.
The Bar reverse bears the Holy Land Mint logo (the international trade mark of the corporation), the precious metal fineness, weight and serial number.
According to the law of the United States of America, each replica bears the word "COPY" in order to prevent confusion.