20g Dove of Peace Silver Bar

Israeli Bullion with Cultural Significance

The 20g 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, ICMC was privatised in 2008 and launched its international "Holy Land Mint" bullion brand in 2014. The Dove of Peace was the inaugural bullion series, beginning with silver products and expanding to gold in 2019.

The bar features a dove in flight carrying an olive branch, soaring over the walls of the Old City of Jerusalem. The dove-and-olive-branch motif references the biblical story of Noah (Genesis 8:11), a symbol with deep cultural resonance that distinguishes this product from the purely industrial aesthetic of most bullion bars. The reverse carries Holy Land Mint branding with weight and purity specifications.

At .999 fine silver, the bar meets standard investment-grade purity thresholds. It is sealed in tamper-proof packaging with Certieye authentication technology (an optical verification system) and a unique serial number. These are bullion bars, not coins; they carry no face value and have no legal tender status in any jurisdiction.

The practical consideration for buyers is that the Holy Land Mint has a narrower dealer network than Swiss or North American refiners. The primary sales channel is US-based dealers (APMEX, JM Bullion, Money Metals) alongside direct sales from the mint's website. This limits resale options compared to bars from LBMA-accredited refiners like Argor-Heraeus or Valcambi, whose products are recognised by virtually every dealer worldwide.

20g Dove of Peace Silver Bar Specifications

ICMC's history predates its bullion operations by over 50 years. The original mandate from David Ben-Gurion was commemorating Israeli national events through coins and medals. The institution produced commemorative coins and art medals for decades before pivoting to investment-grade bullion in 2014 with the launch of the Holy Land Mint brand and the Dove of Peace series.

The 2024 release marked the 10th anniversary of the Dove of Peace series, with a special privy-mark edition. Design has remained consistent throughout the series' life, with year-date changes being the primary variation between annual releases. All bars come in PETG blister packaging with security film that provides tamper-evidence if opened. The Certieye optical verification system allows authentication without specialised equipment beyond a smartphone application.

Tax Treatment for the 20g Dove of Peace Silver Bar

As a silver bar without legal tender status, the Dove of Peace receives standard silver bullion tax treatment in all jurisdictions. The Holy Land Mint's non-LBMA status does not affect tax treatment in most countries (purity and form are the determining factors), but may affect IRA eligibility in the US where some custodians require LBMA accreditation.

• United Kingdom: 20% VAT on purchase. Subject to CGT on disposal (no legal tender exemption). Margin scheme may apply on pre-owned purchases.
• United States: State-dependent sales tax (most states exempt). IRA eligibility: the bar meets the .999 purity threshold under IRS Section 408(m), but individual custodians may have additional requirements regarding refiner accreditation. Capital gains at up to 28%.
• Canada: GST/HST exempt at .999 purity in bar form. Not RRSP-eligible as it is not from a government mint and has no face value.
• Australia: GST-free as investment-grade silver (99.9%+ purity) in bar form.
• New Zealand: GST-exempt for silver at 99.9%+ purity in bar form.
• Singapore: IPM exemption depends on the specific product being on the MAS-approved list or meeting qualifying bar criteria. LBMA accreditation is a common pathway; without it, GST exemption is less certain. Buyers should verify with the specific dealer.
• Hong Kong: No tax considerations. Zero sales tax, zero import duty, zero capital gains tax.
• European Union: Full VAT at national rates on silver bars.