5 oz Dove of Peace Silver Bar

Holy Land Mint's Signature Design at 5 Troy Ounces

The 5 oz Holy Land Mint Dove of Peace Silver Bar carries the signature motif of Israel's historic minting institution. The Holy Land Mint is the international bullion brand of Israel Coins and Medals Corp. (ICMC), established in 1958 by Israel's first Prime Minister, David Ben-Gurion. Originally government-owned, ICMC was privatised 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 silver bullion.

The dove-and-olive-branch design references the biblical story of Noah (Genesis 8:11), carrying deep cultural resonance. The obverse depicts a dove in flight carrying an olive branch, soaring over the walls of the Old City of Jerusalem with an outline of famous structures within. This distinctive religious and cultural symbolism sets the Dove of Peace apart from the generic or purely decorative designs found on most private mint silver bars.

At .999 fine silver and 5 troy ounces, the bar provides a mid-weight option in the 5 oz silver bar category. The Holy Land Mint is not LBMA accredited (LBMA Good Delivery applies to large wholesale bars from accredited refiners), but each bar carries tamper-proof sealed packaging with Certieye optical authentication technology and a unique serial number for verification.

5 oz Dove of Peace Bar Specifications

The Certieye authentication technology is an optical verification system embedded in the bar's sealed packaging, providing a non-destructive method of confirming authenticity. Combined with the unique serial number printed on the security/assay card, this provides multiple verification layers that most private mint bars lack. All Dove of Peace products come in tamper-proof sealed PETG blister packaging that provides visible evidence of any tampering attempt. The design has remained consistent since the series launch in 2014, with year-date changes and occasional anniversary privy marks (notably the 10th anniversary in 2024). The reverse carries Holy Land Mint branding with weight and purity specifications clearly marked. ICMC's original mandate was commemorative medals and coins, and that heritage is visible in the artistic quality of the Dove of Peace design, which exceeds the purely functional markings on most generic investment bars.

Tax Treatment for Holy Land Mint Silver Products

The Dove of Peace bar is classified as a private mint bullion bar with no face value or legal tender status. ICMC is not a central bank (Israel's monetary authority is the Bank of Israel), so its products do not receive legal tender treatment in any jurisdiction.

• United States: IRA eligible. The .999 silver purity meets the IRS Section 408(m) minimum for precious metals IRAs. Tax-deferred gains when held within an IRA custodian. State-dependent sales tax on direct purchase; most states exempt bullion. Capital gains at 28% collectibles rate outside retirement accounts.
• United Kingdom: 20% VAT on silver bars. Not CGT-exempt (no legal tender status in any jurisdiction). Not investment gold (silver product).
• Canada: GST/HST exempt at .999 purity in bar form. Not RRSP eligible (RRSP requires coins issued by a government mint with face value, and ICMC is not a government mint post-privatisation).
• Australia: GST-free as investment-grade silver at 99.9% purity on first supply after refining.
• New Zealand: GST-exempt at 99.9% purity in bar form.
• Singapore: GST-exempt under IPM at .999 purity. Bars from MAS-approved list refiners receive automatic qualification; other bars qualify on specifications alone.
• Hong Kong: No sales tax, no import duty, no capital gains tax.
• European Union: Standard VAT applies to silver bars (17-27% by country). Gold products from the Holy Land Mint (.9999 purity) qualify for the investment gold VAT exemption under Directive 98/80/EC, but silver does not.

From Ben-Gurion's Mandate to International Bullion Brand

ICMC's original mandate from David Ben-Gurion in 1958 was to commemorate Israeli national events through coins and medals. For its first five decades, the corporation focused on commemorative pieces, State Medals, and collector coins rather than investment bullion. The pivot to the international bullion market came in 2014 with the launch of the Holy Land Mint brand and the Dove of Peace series as its inaugural product line.

Silver rounds and bars were the first Dove of Peace offerings in 2014. Gold products (rounds and bars) followed in 2019, expanding the range to cover multiple weights from 1 gram bars up to 1 oz rounds in .9999 fine gold. The 2023 release marked the 75th anniversary of Israel's founding, with a commemorative Dove of Peace edition coinciding with a period of heightened international attention on the region. The 2024 release celebrated the series' own 10th anniversary with a special privy-mark gold round.

The privatisation in 2008 freed ICMC from its purely commemorative role and enabled the commercial pivot to the bullion market. Despite the "Mint" branding, ICMC does not produce circulating currency. That function belongs to the Bank of Israel. The Holy Land Mint occupies a niche position: it is the only bullion series produced in Israel, appealing to buyers who seek a cultural or religious connection to the Holy Land through their precious metals holdings.