With the introduction of the sheqel on February 24, 1980, a series of new agora coins was put into circulation. One new agora was equal to ten (old) agorot.
The 5 Sheqalim ceased to be legal tender on September 4, 1985.
The obverse was designed by Eliezer Weishoff and Tidhar Dagan. The obverse design was based on a coin from the period of John Hyrcanus I (135 - 104 B.C.E.) and features a double cornucopia with pendant ribbon, the emblem of the State of Israel and the words "Sheqel Israel" in Hebrew.
The reverse was designed by Nathan Karp and S. Kretchmer. The reverse design features the denomination "5 Sheqalim" between two stars and the date in Hebrew.