What Silver Coins Are IRA Eligible?
Many silver investors opt to invest in precious metals through an Individual Retirement Account (IRA), but not all gold, silver and platinum bullion is eligible for inclusion in such accounts.
Precious metal IRAs must meet stringent guidelines. Only coins and bars manufactured at least to a certain minimum fineness by national government mints or accredited manufacturing/assayer/refiners like ISO 9000, LBMA, NYMEX or NYSE/Liffe can qualify as eligible investments in an IRA.
American Silver Eagle
The American Silver Eagle coin is an extremely popular silver bullion coin and the official one issued by the United States government. These coins can be held within an IRA account and contain one troy ounce of pure silver.
John Mercanti designed a patriotic coin featuring the American Eagle with 13 stars representing its original colonies on its obverse side, along with its weight (1 oz), content (SILVER), and face value of $1.00.
IRAs allow investors to postpone taxes until retirement on contributions and earnings made via traditional, Roth, or SEP accounts.
The America the Beautiful series of IRA-approved silver coins issued by the US Mint features designs depicting natural wonders and historic landmarks from across America. Perfect for coin collectors with an interest in collecting these IRA-approved silver coins are great IRA investments; their premium over spot price makes for great investing options as well. Educating yourself before purchasing these products will ensure a better buying decision.
Canadian Maple Leaf
An Individual Retirement Account (IRA) allows you to purchase and store many different kinds of silver coins as long as they meet certain purity standards. You will also need a dealer/broker with whom an IRS-approved custodian has partnered in order to access your funds safely and legally.
Silver bullion coins minted by official national government mints and certified with a minimum fineness of.9999 are suitable investments for your retirement account, such as the popular Canadian Maple Leaf coin which has been in circulation since 1979.
The Maple Leaf coin features Queen Elizabeth II on its “obverse”, while its “reverse” showcases Canada’s national emblem: an iconic maple leaf. Recently, The Canadian Mint enhanced this design to incorporate new anti-counterfeit security measures, such as radial lines and microscopic privies that help ensure authenticity of these precious coins.
Other popular IRA-eligible silver bullion coins include Austrian Silver Philharmonic and British Silver Britannia coins, or you may prefer bars like Gold American Eagle Proof coins and Australian Kookaburra rounds which may fit your needs as well.
Brittania
Silver Britannia coins are one of the most beloved silver bullion investments available to European investors and collectors alike. Crafted to appeal both collectors and investors alike, each coin boasts the modern representation of Britain as female personification with one troy ounce of pure silver contained within each one ounce coin that has a face value equivalent to 2 pounds sterling.
Investors looking to include coins in an IRA should ensure they meet IRS eligibility requirements by working with a qualified precious metals dealer and using approved storage depository facilities when purchasing coins eligible for inclusion in an IRA.
Coins eligible for inclusion in a precious metals IRA must meet certain purity standards; those produced between 1998 and 2012 fell below this minimum purity threshold by only meeting 958 silver fineness levels – thus falling short of what the IRS requires of all items held within an IRA. Beginning 2013, silver Britannias have been produced at fineness of 999 silver, meeting all IRS criteria for storage within their accounts.
Lunar Dragon
This silver bullion coin features the image of Her Late Majesty Queen Elizabeth II designed by Jody Clark in 2015 as its focal point on its obverse side, along with weight, purity, metal content and face value information.
This Lunar Series III coin features a Chinese dragon at its core as an emblematic sign of power and good luck, captured beautifully on its reverse side. Dragons have long been considered symbols of strength and good fortune; this coin vividly displays them.
This two oz silver coin from Perth Mint’s Lunar Series III program contains pure.9999 silver in Brilliant Uncirculated condition and has its face value backed by the Australian government; internationally accepted legal tender. Encapsulated to preserve its condition and featuring an eye-catching design, it makes an attractive addition to any collection while simultaneously adding cultural diversity and financial security.
Categorised in: Blog