IRA Approved Silver Coins and Rounds
Silver coins and rounds eligible for an Individual Retirement Account can help investors build a resilient portfolio while taking advantage of tax benefits.
Silver that meets IRS fineness and minting standards can be held within an Individual Retirement Account (IRA). Work with a trusted precious metals dealer to identify which options best suit your investment strategy.
American Silver Eagle
Even though many investors tend to favor gold as an investment asset, IRA-approved silver is becoming increasingly popular. Silver is more affordable and exhibits lower price volatility.
Silver can help protect your retirement savings from inflation while providing diversification benefits by offering an alternative asset class to stocks and bonds.
Start by opening a self-directed IRA with a reputable custodian and funding it with your taxable income. Next, select coins which meet IRS purity standards from recognized government mints as suitable investments for an IRA account.
America the Beautiful Collection
The America the Beautiful Collection includes high-quality investment-grade silver coins and bars that meet IRS guidelines on fineness and minting source, making them eligible for precious metals IRAs. Furthermore, they add patriotic flair and American history into your portfolio!
These silver products designed specifically for IRAs meet the minimum fineness requirement and are manufactured by an established mint. Furthermore, their low correlation with traditional financial markets provides you with diversification for retirement savings. As with any precious metal investment, always consult your custodian first before purchasing and store in an approved depository facility.
Canadian Silver Maple Leaf
The Canadian Silver Maple Leaf coin, introduced by the Royal Canadian Mint in 1988 and known as one of the first silver bullion coins worldwide.
The coin features Her Majesty Queen Elizabeth II’s second-generation effigy designed by Arnold Machin until 1989 and then Dora de Pedery-Hunt and Susanna Blunt from 1990 forward. On its reverse is Canada’s national symbol – a sugar maple leaf.
Each IRA approved silver coin ships in mint tubes of 25 with protective plastic flips for transport, while larger orders ship via Monster Boxes of 500. Orders come complete with tracking information and insurance.
Australian Silver Kookaburra
Silver coins can be an easy and cost-effective way to diversify and add value to your retirement investment portfolio, yet not all silver bullion products qualify as eligible investments in an IRA. Only those which meet IRS minimum fineness requirements and have been approved by an established depository can be included in an IRA.
The Australian Silver Kookaburra coin is an attractive option for those seeking an IRA-compliant silver coin that boasts government backing. At just 1 troy ounce in weight, its face value can either be $5 (AUD) or $1 USD and features different kookaburra designs on each reverse side of its 1 troy ounce coin.
South African Silver Krugerrand
South African Silver Krugerrand coins are widely recognized precious metal investments, offering high liquidity due to their global recognition. As an IRA eligible option, these silver bullion coins provide investors with an excellent long-term investment option.
The reverse side of this coin features the same motif found on its gold counterpart: Paul Kruger’s portrait from South Africa’s late 19th-century presidency and subsequent symbolism against imperialism worldwide.
Reverse depicts an image of South Africa’s national animal, the springbok. Reeded edges add an aesthetic touch and help prevent counterfeiting; on its obverse is detailed information regarding weight and metal content of each coin.
Somalian Silver Elephant
The Somalian Silver Elephant coin is an increasingly popular silver bullion coin, providing investors and collectors an opportunity to invest in precious metal with collectible appeal. Unfortunately, due to their premium over spot silver prices, IRA retirement accounts do not approve them for inclusion.
The obverse of each coin features the Somalian coat of arms, including its central shield with one star displayed and flanked by palm leaves and outward-pointing spears, flanked by two leopard sentinels on either side of it, with inscribed text reading ‘Somali Republic’ along with minting year, mintage date, face value of 100 shillings, as well as its face value.
Categorised in: Blog