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 50 Sheqalim ceased to be legal tender on September 4, 1986.
The obverse design was based on a coin from the fourth year of the war of the Jews against Rome and features a lulav between two etrogim, the emblem of the State of Israel and the words "Sheqel Israel" in Hebrew.
The reverse design features the denomination "50 Sheqalim" between two stars and the date in Hebrew.