50g Dove of Peace Gold Bar

A 50g Gold Bar from Israel's Holy Land Mint

The 50g Dove of Peace Gold Bar is produced by the Holy Land Mint, the international brand of Israel Coins and Medals Corp. (ICMC). ICMC was established in 1958 by Israel's first Prime Minister, David Ben-Gurion, with a mandate to commemorate Israeli national events through coins and medals. The organisation was fully government-owned until privatisation in 2008, when it was acquired by the G.R.A.S. Group. The "Holy Land Mint" brand launched in 2014 alongside the first Dove of Peace bullion products in silver, with gold rounds and bars added in 2019.

The Dove of Peace series is the only bullion range produced in Israel, giving it a distinctive cultural identity in a market dominated by Swiss, German, Australian, and North American products. The dove-and-olive-branch motif references the biblical story of Noah (Genesis 8:11), a symbol of peace with deep resonance in Israeli culture and beyond. The obverse features a dove in flight carrying an olive branch, soaring over the walls of Jerusalem's Old City, with an outline of the famous skyline visible beneath.

At 50 grams of 999.9 fine gold, this bar contains 1.61 troy ounces. The Dove of Peace range includes bars from 1g to 50g in gold and up to 1 kg in silver, plus rounds at 1 oz, 1/10 oz, and 1/25 oz in gold. All products come in tamper-proof sealed protective packaging with Certieye authentication technology, an optical verification system. This is an investment-grade bullion bar, not a legal tender coin. It carries no face value and is not issued by a central bank, despite ICMC's historical government connections.

50g Dove of Peace Gold Bar Specifications

The bar's obverse depicts a dove carrying an olive branch, flying over the walls of Jerusalem's Old City with recognisable buildings in the silhouette below. The reverse carries Holy Land Mint branding with weight and purity specifications. The design has remained consistent since the series launched in 2014, with year-date changes and occasional anniversary privy marks (the 10th anniversary mark was added in 2024, and the 2023 release marked the 75th anniversary of Israel's founding).

The Dove of Peace gold bar range includes 1g, 2g, 5g, 10g, 20g, 1/2 oz, and 50g bars. Gold rounds are available at 1 oz, 1/10 oz, and 1/25 oz. Silver products include 1 oz rounds and bars, plus a 1 kg bar. The Certieye authentication technology provides optical verification without the need for digital devices, complemented by the unique serial number printed on the security assay card.

Tax Position for the 50g Dove of Peace Gold Bar

This is a 999.9 fine gold bar with no legal tender status. Despite being produced by an organisation with historical government connections, the Dove of Peace is classified as a private mint product, not a government-issued coin. Standard investment gold tax rules apply.

United Kingdom

Gold bars and rounds at 999+ purity are VAT-exempt as investment gold under the Investment Gold Exemption. Capital Gains Tax applies at 18-24% on gains above £3,000. Not eligible for the CGT exemption that covers UK legal tender coins like 1oz gold Britannias. SIPP-eligible at 999.9 purity, exceeding the 99.5% HMRC minimum.

United States

State sales tax varies. Federal capital gains taxed at the collectibles rate of up to 28%. The bar is IRA-eligible: the 999.9 purity meets the IRS requirement of 99.5%+ fineness for gold in a self-directed precious metals IRA. Must be held by an approved custodian, not personally.

Other Markets

• EU: VAT-exempt under the Investment Gold Directive at 995+ fineness.
• Canada: GST/HST exempt at 99.5%+ purity. Not eligible for RRSP under standard precious metals rules, as it is not a coin issued by a government mint with face value.
• Australia: GST-free as investment-grade gold (99.5%+ purity).
• Singapore: GST-exempt as Investment Precious Metal.
• Hong Kong: No sales tax, no import duty, no capital gains tax.

Dove of Peace 50g vs Other 50g Gold Bars

The Dove of Peace occupies a niche position in the 50g gold bar market. Most 50g bars come from Swiss refineries (PAMP, Valcambi, Argor-Heraeus) or large European refiners (Heraeus, Umicore), all with deep dealer networks and decades of market presence. The Holy Land Mint has a narrower dealer distribution, primarily through US dealers like APMEX, JM Bullion, and Money Metals, plus direct sales through en.israelmint.com.

Against the 50g PAMP Suisse Fortuna, the Dove of Peace has comparable purity (both 999.9) and tamper-evident packaging with its own authentication system (Certieye vs PAMP's Veriscan). PAMP bars have broader global liquidity and typically tighter bid-ask spreads on resale. The Dove of Peace appeals to a different buyer profile, one drawn to the cultural and religious symbolism rather than the maximally-liquid commodity play.

The 50g Valcambi bar and 50g Heraeus bar represent the mainstream benchmark for 50g gold bars: clean institutional designs, LBMA accreditation, and tight premiums. The Dove of Peace bar is likely to carry a slightly higher premium reflecting its niche status and smaller production volumes.

The Dove of Peace's core appeal is uniqueness. It is the only bullion series produced in Israel, and the dove-olive-branch-Jerusalem design has cultural significance that generic refiner bars cannot match. For investors who see their bullion holdings as more than a pure financial instrument, this distinctiveness has real value. The trade-off is a narrower secondary market and potentially slightly wider bid-ask spreads compared to mainstream Swiss and German bars.