Are Silver Krugerrands IRA Eligible?

The IRA regulations state that only bullion coins with a fineness level of 99.5 are acceptable, thus ruling out collector coins like South African Krugerrands and British Sovereigns as suitable candidates for acceptance into its program.

Precious metals have long been seen as reliable investments, particularly during periods of economic unpredictability. Silver is among the most popular precious metals for investors to choose.


The Silver Krugerrand coin produced by the South African Mint is eligible for inclusion into an Individual Retirement Account and serves as an effective way of diversifying investments with physical precious metals.

Silver may qualify for inclusion into an IRA if it satisfies certain purity guidelines established by the IRS, namely being of 999 fine purity. Furthermore, depositing it with an approved depository ensures tax deferral.

This IRA eligible product shares the iconic design of its gold counterpart, featuring on the obverse Paul Kruger – president of the old South African Republic – while on the reverse is featured a springbok antelope, South Africa’s national animal. Krugerrands combine his first name and South Africa’s unit of currency; their obverse also displays their motto ‘Uphold the Constitution’. Available as single coins or in tubes of 25 and sealed boxes of 500.


Silver Krugerrands are eligible for investment within precious metals IRA accounts, making them a good way to diversify portfolios with precious metals investments. However, many custodians charge setup and annual fees for holding precious metals. Be sure to contact your custodian before opening an IRA or other retirement account so that you understand any costs involved with holding precious metals such as this one.

To be considered eligible for an Individual Retirement Account (IRA), coins must have a fineness rating of at least.995, with Gold American Eagle bullion coins being an exception with their fineness at.9167.

The South African Mint introduced the Silver Krugerrand for the first time in 2017 as part of a commemoration for 50 years since its gold counterpart was issued, marking 50 years since its introduction into circulation. Since then, they have issued it annually, giving investors an economical way to diversify their portfolio with pure silver. Each coin contains one troy ounce of 999 fine silver and can either be purchased in bullion (BU) or proof condition – and these coins come packaged individually plastic flips, mint tubes of 25 coins or sealed boxes of 500.


South African Mint’s introduction of its gold Krugerrand coin set an unprecedented standard for bullion coins in 1967, creating a precedent-setting product. Following on its success, silver versions were issued beginning in 2018 giving investors access to sovereign silver bullion coins at more affordable price points than other popular bullion offerings.

This 1 oz Silver Krugerrand features the left-profile bust of Paul Kruger, a Boer statesman and four-term President of South African Republic popularly referred to as “Oom Paul.” On its reverse field is displayed a prancing Springbok antelope representing South Africa – its national symbol – while both weight, purity and year of issue information is inscribed either side of its image.

Otto Schultz designed the coin’s obverse, while on its reverse it features South Africa in English and Afrikaans; individual coins or multiples of 25 are sold through tubes from the South African Mint while multiples of 500 can be ordered as sealed mint boxes.


Under IRA rules, precious metals must meet certain purity thresholds; specifically.995 pure gold, silver and platinum products such as pre-1965 90% US silver coins do not qualify.

In 2017, the South African Mint released its silver equivalent of its famed Gold Krugerrand coin: this one ounce silver bullion coin has an almost identical design with some extra details making it truly distinctive.

SD Bullion provides an assortment of Silver Krugerrands that are eligible for inclusion in IRAs. These coins have been certified by top coin grading services in the US such as Numismatic Guaranty Corporation and Professional Coin Grading Service; SP70 graded coins display stunning visual appeal, boasting full original mint luster with no detracting flaws; additionally they earn First Strike or Early Release designations to show that they arrived for certification within specified time frames.

These popular silver Krugerrands can be purchased in multiples of 25, packaged in tubes, or 500 Monster Boxes for your collection. Are you interested in adding this popular bullion product to your arsenal?

Raymond Banks Administrator
Raymond Banks is a published author in the commodity world. He has written extensively about gold and silver investments, and his work has been featured in some of the most respected financial journals in the industry. Raymond\\\'s expertise in the commodities market is highly sought-after, and he regularly delivers presentations on behalf of various investment firms. He is also a regular guest on financial news programmes, where he offers his expert insights into the latest commodity trends.

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