10 oz Dove of Peace Silver Bar

Israeli-Minted Silver with Historical Roots

The 10 oz Holy Land Mint Dove of Peace silver bar is produced by Israel Coins and Medals Corp. (ICMC), an institution established in 1958 by Israel's first Prime Minister David Ben-Gurion. Originally government-owned and tasked with commemorating national events, ICMC was privatised in 2008 and launched its international bullion brand "The Holy Land Mint" in 2014 alongside the first Dove of Peace silver products.

The bar is .999 fine silver, sealed in tamper-proof packaging with Certieye authentication technology and a unique serial number on the security card. At 10 troy ounces, it provides a mid-weight bullion holding with provenance from a historically significant institution. The design features a dove carrying an olive branch over the Old City of Jerusalem, referencing the biblical story of Noah (Genesis 8:11), a peace symbol with deep cultural resonance.

The Dove of Peace is the only bullion series produced in Israel, which gives it a distinctive position in the market. Buyers seeking a connection to the Holy Land or preferring bullion with specific cultural and religious symbolism will find it here. The practical trade-off is liquidity: the Holy Land Mint has a narrower dealer network than Swiss or North American refiners. The series is primarily distributed through US dealers (APMEX, JM Bullion, Money Metals) and directly from the Holy Land Mint's own platform. Resale spreads may be wider than for bars from PAMP Suisse or other major refiners with global distribution.

Dove of Peace 10 oz Silver Bar Details

The Dove of Peace silver line spans several sizes and formats. In silver, products include a 1 oz round, a 1 oz bar, and a 1 kg bar, all at .999 purity and sharing the dove-and-olive-branch design. The gold line is struck at .9999 (four nines) purity and includes rounds and bars from 1 gram up to 1 oz, in both round and rectangular bar formats. Year dating changes with each annual release, with occasional anniversary privy marks (the 2024 release marked the 10th anniversary of the series). All products are shipped in tamper-proof sealed protective packaging with the Certieye authentication system and printed serial number for verification.

Tax Position for Holy Land Mint Silver Bars

The Dove of Peace bar is not legal tender in any jurisdiction. It is a private mint bullion product classified as investment-grade silver based on its .999 purity. No special tax exemptions apply beyond standard bullion treatment in each market.

• United States: State-dependent sales tax. Most states exempt silver bullion above applicable thresholds (California over $2,000, Florida over $500, New York over $1,000). IRA-eligible: the .999 purity meets the IRS Section 408(m) minimum for silver in precious metals IRAs, allowing tax-deferred or tax-free growth depending on Traditional vs Roth IRA structure. Capital gains on physical silver are taxed as collectibles at up to 28% federal rate for holdings over one year, with short-term gains taxed as ordinary income.
• United Kingdom: 20% VAT on purchase. Not CGT-exempt (not UK legal tender, so does not benefit from the CGT exemption available to Britannias and Sovereigns). Both VAT on acquisition and CGT on disposal apply, making silver bars among the least tax-efficient bullion forms for UK investors.
• Canada: GST/HST exempt at .999 purity in qualifying forms. Not RRSP-eligible (RRSP requires coins from a government mint with face value; the Dove of Peace is a private mint product without legal tender status).
• Australia: GST-free as investment-grade silver (.999 purity) from a qualifying source. CGT applies with a 50% discount for holdings exceeding 12 months.
• New Zealand: GST-exempt for fine silver at .999+ purity. No formal CGT exists, though gains may be taxable as income if IRD determines the bullion was acquired for resale purposes.
• Singapore: GST-exempt under the Investment Precious Metals scheme for silver at .999 purity from qualifying sources. No capital gains tax in Singapore.
• Hong Kong: No sales tax, no import duty, no capital gains tax.
• EU: Silver bars attract standard VAT (17-27% depending on member state). Gold products from the Holy Land Mint (.9999 purity) would be VAT-exempt under EU Directive 98/80/EC for investment gold.

Dove of Peace vs Other 10 oz Silver Bars

The Holy Land Mint Dove of Peace competes with established silver bar producers at the 10 oz weight. Its differentiator is provenance and cultural meaning rather than pricing or technical superiority.

Vs PAMP Suisse and Valcambi: The Swiss refiners are the market leaders in premium minted bars with LBMA Good Delivery accreditation, global dealer networks, and tight bid-ask spreads. PAMP uses CertiPAMP sealed packaging; Valcambi offers CombiBar divisible formats. The Dove of Peace uses Certieye authentication and serial numbers, providing comparable verification. The difference is liquidity: PAMP and Valcambi bars resell instantly through any dealer worldwide. Holy Land Mint bars have a smaller secondary market.

Vs Geiger Edelmetalle: Geiger is another premium private-mint bar with distinctive security features (UV coating, reeded edges, high-relief finish). Both occupy the collector-investor crossover segment where buyers pay a premium for design and provenance beyond the base metal value. Geiger has stronger European distribution; Holy Land Mint is stronger in the US market.

Vs Perth Mint and Royal Canadian Mint bars: Government-backed bars from sovereign mints offer legal tender status (in some formats), established anti-counterfeiting technology, and broader global recognition. The Dove of Peace lacks government backing but offers a cultural narrative no sovereign mint bar carries.

Best fit: Buyers who value the Israeli heritage and religious symbolism of the dove-and-olive-branch design, and who prioritise Certieye authentication. Not the most cost-efficient option for buyers focused solely on silver accumulation at the lowest premium.