Israel Coins and Medals Corp. (ICMC) was founded in 1958 by Israel's first Prime Minister, David Ben Gurion. Its purpose was then, and still is, to commemorate the national and historical events of the State of Israel and its outstanding personalities, as well as the milestones of our culture, art and people. ICMC was designated as ambassador for the distribution of legal tender commemorative coins issued by the Bank of Israel and the State of Israel Medals, as well as for the promotion of Israeli craftsmanship and Judaica. ICMC was wholly owned by the Government of Israel until 2008, when it was privatized and acquired by the G.R.A.S. Group. In the privatization agreement, ICMC made a commitment to the Government to maintain the company's traditional character and scope of activity. Today, ICMC operates in a wide range of activities, with special emphasis on the production and worldwide promotion of gold and silver under The Holy Land Mint brand.