What Silver Coins Are IRA Eligible?
An Individual Retirement Account, or Silver IRA, offers investors a way to diversify their portfolio with safe assets such as silver. JM Bullion provides investors with an array of approved IRA coins and bars.
As a general guideline, to be eligible for an Individual Retirement Account (IRA), silver must have been produced at government mints and conform to a purity standard of.999 pure silver.
American Eagle
The Silver American Eagle is a favorite among precious metal investors due to both its numismatic value and as a safe store of wealth. Available in multiple sizes – including 1 troy ounce and fractional options – the American Eagle coin is legal tender backed by the United States government further increasing its worth and popularity.
The American Eagle coin is eligible to be held within an Individual Retirement Account, making it an excellent addition to your precious metals IRA portfolio. A precious metals IRA enables investors to purchase physical precious metals like silver bullion while diversifying their investment portfolio with alternative assets.
Precious metals IRAs adhere to specific regulations regarding which coins, bars and rounds qualify as investment products in them. Only products meeting IRS minimum fineness standards qualify as suitable investments within an IRA account.
Australian Kookaburra
The laughing kookaburra is an impressive bird known for its loud call that sounds similar to human laughter. A member of the kingfisher family and subfamily of forest kingfishers, these birds often reside in woodland areas and forests while some can even be found living within suburban parks and gardens. These birds have become quite familiar around humans due to their brazen attitude around people; often taking advantage of barbecues by eating any available meat from them!
Kookaburras are skilled hunters, but they still face numerous threats. Predators such as owls, hawks and falcons can kill them and they’re especially vulnerable to pythons that devour young kookaburras or eggs.
The Perth Mint annually releases IRA eligible silver coins with images of majestic kookaburras in various poses – these 1 kg bullion coins are known for their high silver content, limited mintage and collectibility.
Austrian Philharmonic
The Philharmonic coin is one of the most acclaimed silver bullion coins available, honoring Vienna Philharmonic Orchestra with an eye-catching design that captures classical music’s spirit.
This coin meets all standards set forth by the Austrian Mint and can be placed into an Individual Retirement Account (IRA). Minted from one troy ounce of.999 fine silver, its backing by Austria’s government guarantees its authenticity.
Due to their international recognition and liquidity, Philharmonics make an ideal addition to any precious metals portfolio. By diversifying and protecting against inflation and currency devaluation with them in your retirement portfolio, adding them can provide you with protection. Furthermore, due to low correlation with traditional investments they make an ideal complement to a diversified investment strategy; additionally adding them into a gold IRA may provide tax benefits too!
Canadian Maple Leaf
Silver Canadian Maple Leaves can make an excellent investment for an Individual Retirement Account (IRA). Crafted of pure silver (.9999 purity), these coins feature the Royal Canadian Mint’s signature design of Queen Elizabeth II on one side and a maple leaf on the other.
Even as its design has progressed over time, this coin still captures the breathtaking beauty of autumn and Canada’s sense of national pride. Furthermore, this coin remains popular with investors looking to diversify their portfolio with precious metals.
Not all bullion coins and bars qualify for an IRA; to do so, they must fall under an approved list and produced by an established refiner or assayer (please refer to IRS Publication 590-A for further guidance). For more details.
Mexican Silver Libertad
The Mexican Silver Libertad is its official silver bullion coin and produced at La Casa de Moneda de Mexico – North America’s oldest mint. As such, these bullion coins offer great opportunities for investment.
These coins feature the iconic Angel of Independence as their obverse design, an icon representing Mexico’s independence from Spain and capturing both resilience and triumphant spirit in one design. She holds both her laurel crown and broken chain in one hand as she proudly holds them both high above her shoulders in celebration.
The 1 oz Mexican Silver Libertad is an increasingly popular choice among precious metal investors due to its intricate designs and high silver purity; featuring the national seal of Mexico as well as 10 historic coats of arms depictions from Mexico’s past, as well as low mintage numbers to ensure its silver bullion value.
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