What Gold Bars Are IRA Approved?
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Gold coins and bars must meet certain purity standards set forth by the IRS to be eligible for an Individual Retirement Account. They must also adhere to strict manufacturing specifications.
American Gold Eagle
The American Gold Eagle coin is one of the world’s most beloved bullion coins and makes for an excellent IRA option. Boasting stunning design elements as well as being supported by government authority, its appeal extends far beyond America.
These coins come in various sizes and have low premiums, making them easy to purchase and store. Plus, their small footprint makes them highly portable!
Legal tender gold coins cannot be included in an IRA due to their collectible value; instead, for consideration by an IRA they must meet certain purity standards and IRS regulations – including mint coins with minimum fineness requirements produced nationally or internationally.
These IRA-compliant gold coins contain 1 ounce of pure gold and are manufactured by a trusted supplier that is ISO 9000 certified, in addition to being accredited by various organizations including LBMA, TOCOM and LPPM.
American Gold Buffalo
The American Gold Buffalo is the first pure 24k gold bullion coin ever issued by the US Mint and was introduced in 2006. Purity requirements were established by the IRS while its design is inspired by James Earl Fraser’s 1913 Buffalo Nickel design.
These coins have a legal tender value of $50 and are approved for inclusion into an Individual Retirement Account. Their popularity and value have quickly skyrocketed since their debut due to their high level of purity and iconic designs that honor America’s Native heritage and Western history.
A primary difference between numismatic and bullion coins lies in their respective commission rates; numismatic coins often pay higher commissions to gold companies while bullion bars directly reflect spot price of precious metals. Furthermore, bullion coins must be stored in a depository or vault while numismatic coins may be kept at home or anywhere private – private transactions often incur additional shipping and insurance fees while public purchases do not.
Canadian Maple Leaf
The Royal Canadian Mint (RCM), world-renowned mint owned and regulated by Canada, produces Gold Maple Leaf coins and bullion bars under their jurisdiction ensuring their purity and authenticity.
On the obverse of each coin is Queen Elizabeth II’s portrait designed by Walter Ott, master engraver at the Royal Canadian Mint. Since this series first debuted in 1979, its design has remained almost identical with minor updates such as security measures such as radial lines or microscopic maple leaf privy marks being added over time.
The Gold Maple Leaf coin first launched as a 1 oz coin in 1979, later expanding to 1/4 and 1/10 oz sizes in 1982. These coins can be easily found for trade across international business markets due to their high resell value; plus their ease of storage, transport and division make them great investments! It serves as the official bullion coin program of both Royal Canadian Mint and Canadian nation and competes directly against South African Krugerrands in terms of gold bullion demand.
Johnson Matthey is one of the premier names in gold bullion, boasting more than 150 years in business and producing products which are highly desired worldwide.
Johnson matthey gold bars come in several sizes, with 1 kilogram options being especially popular among IRA holders. Due to their larger size, Johnson matthey gold bars may provide cost savings compared to smaller bullion bars.
These gold bullion bars are approved for IRA investment and come packaged in attractive tamper-evident packaging with an assay card and serial numbers engraved onto each front side of each bar.
These Johnson Matthey gold bars are manufactured using 5 troy ounces of 99.999 fine gold. Each bar features the Johnson Matthey refinery’s logo of crossed hammers on one side; on the reverse is written “JOHNSON MATTHEY ASSAYERS & REFINERS,” metal content purity weight information as well as initials JM.
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