What Gold Coins and Bars Are IRA Approved?
Although only certain precious metals are approved to be included in an Individual Retirement Account (IRA), that doesn’t mean any gold you find washing up on the beach can be added – the IRS sets very specific purity requirements and standards for coins and bars that qualify.
Gold bars that meet IRA eligibility are more cost-effective than coins since their price reflects the weight rather than collectability. Here are a few popular examples that fit these requirements.
Australian Kangaroo/Nugget Coins
Australian Kangaroo/Nugget Coins offer an ideal option for adding gold bullion to their IRA portfolio, boasting low premiums and an abundant gold content. Available in sizes ranging from 1/20 oz to 1 kg, these coins boast low premiums with impressive content levels.
This coin offers a stunning blend of art and precious metals. With its ever-evolving designs of Australia’s iconic marsupials combined with its unrivalled 99.99 fine gold purity, this coin stands alone as an asset.
These coins are IRA-compliant and can be stored safely within an IRA account or with a custodian. As per IRS requirements, gold products must be held in a qualified depository to prevent theft; that’s why it’s vital that you choose an accredited precious metals dealer such as GoldCore who will store it safely for you.
Austrian Philharmonic Coins
The Austrian Silver Philharmonic coin has become one of Europe’s most sought-after silver bullion coins since 1989, selling over 14 million units, totaling 329 tons of silver sold since that date. Additionally, this coin stands out by offering fractional ounce options.
The Austrian Philharmonic coin is the premier choice among precious metal investors and collectors, featuring an eye-catching space blue galvanic-plated BU finish to emphasize its iconic design.
This coin makes an excellent addition to any precious metals portfolio. The obverse features the Vienna Philharmonic Orchestra, an internationally acclaimed musical ensemble. Legal tender in Austria with a face value of 1.50 euro and available as either plastic flips or mint tubes of 10 coins.
Canadian Maple Leaf Coins
Since 1979, Canadian Maple Leaf coins have become a go-to choice for gold bullion investors. Boasting Canada’s national symbol on the reverse and detailing gold content and purity both in English and French languages, as well as various security features over time such as radial lines or micro-engraved privy marks that reveal mintage years when tilted, these coins remain one of the best investments available for investors today.
Gold bars and rounds approved for inclusion in your IRA can provide an affordable way to diversify your portfolio with precious metals, but it’s important to carefully evaluate their purity standards to meet IRS regulations for inclusion in an IRA. Furthermore, these products typically don’t count as collectibles so won’t carry an added premium beyond their metal content.
Royal Canadian Mint Gold
Are You Searching for an IRA-Eligible Gold Bar? Look no further than the 1oz Royal Canadian Mint Gold Bar! Crafted from 99.99% fine gold, each bar displays the iconic insignia of Royal Canadian Mint on its obverse side alongside details about purity, weight, and content specifications of each individual bar.
The IRS has strict guidelines when it comes to precious metals that can be included in an IRA, such as purity requirements for gold bullion (99.5 pure; the American Eagle coin being an exception).
The Royal Canadian Mint is well known for producing some of the highest quality bullion coins and bars on the market, and their stringent standards have allowed them to remain one of the premier refiners of Gold bullion for more than 100 years.
Valcambi Suisse Gold
Valcambi Suisse is one of Switzerland’s foremost refineries, and best known for their revolutionary CombiBar and standard 1 oz gold bars with rotating square logo on one side and purity and weight information on the reverse. These bars come packaged tamper-evident packaging with assay card to verify authenticity and serial number for easy purchase.
For precious metal investments to qualify as IRS-approved IRA investments, they must meet certain purity requirements set by the IRS. Gold bullion must meet at least 99.5% purity (or 99.5 fine), produced from an authorized mint or manufacturer and meet LBMA or COMEX good delivery specifications – these criteria ensure precious metals of only the highest quality!
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