What Silver Coins Are IRA Eligible?
Silver can be an invaluable investment to hold in an IRA, helping diversify your portfolio, hedge against inflation and preserve purchasing power throughout retirement.
Silver eligible for inclusion in an IRA includes coins and bars produced at either a government mint or private refinery; collectible coins and rare silver products do not qualify.
The IRS has strict requirements when it comes to what precious metals can be held in an Individual Retirement Account (IRA), so this article focuses on silver coins and bars that comply with those standards.
American Silver Eagle
The American Silver Eagle coin is a highly sought-after option among silver bullion coins that qualify for Individual Retirement Account (IRA). This convenient way of adding physical silver into an IRA makes for an effective method to diversify and protect one’s investments in retirement accounts.
Since 1986, this coin has become an American classic and official bullion coin containing 999 fine silver.
Other silver bars and rounds that meet minimal purity standards from official national government mints may also be added to your IRA account; numismatic, collector or commemorative coins are not eligible.
America the Beautiful Collection
Silver coins and bullion bars may be included in an Individual Retirement Account (IRA), provided they are stored with an IRS-approved custodian, meet purity standards and are ungraded; graded coins would otherwise constitute numismatic investments that cannot be included within an IRA.
The America the Beautiful Collection was launched by the United States Mint from 2010-2021 as a series of silver bullion coins with quarter dollar face values. Each coin featured in this collection replicates and expands upon the reverse design of its circulating counterpart and was struck from five troy ounces of.9999 fine silver.
Australian Silver Kookaburra
The Silver Australian Kookaburra coin is an increasingly popular way for self-directed Individual Retirement Account investors to diversify their precious metal holdings with precious metal investments. Each year features an individual design which attracts both aesthetic collectors and strategic investors.
Each coin features the kookaburra, an Australian bird known for its call that often sounds similar to human laughter. On its reverse is featured one of a variety of Queen Elizabeth II effigies which can vary year to year.
1 oz high relief coins feature thicker diameters for an enhanced visual impact, creating an improved dimensionality of coinage. Additionally, this series includes privy mark coins which feature special symbols representing each year in which they were issued.
Austrian Silver Philharmonic
Silver Philharmonic coins are an exquisite investment and timeless addition to any portfolio. Showcasing Austria’s national emblem and made up of one troy ounce of 99.99% fine silver, they are an increasingly popular choice among investors worldwide.
Silver bullion must meet both IRS’ minimum fineness requirements and dealer-accredited approval before becoming IRA eligible. For that to occur, dealers with outstanding reputations and customer service must also approve it for storage within an IRA account.
Add physical silver to your precious metals IRA for greater financial security in retirement and to diversify your portfolio. Learn more about setting up a self-directed Precious Metals IRA now.
British Silver Britannia
Silver Britannias offer an economical and accessible introduction to precious metals investing for both collectors and investors, giving both access to diversify their portfolio. Available in multiple weights suited for different investment strategies (including the 1/4 oz Britannia silver coin with its smaller weight but still possessing the 999 fine purity level) these coins make an accessible gateway into precious metals investing.
For coins to qualify as eligible assets for an Individual Retirement Account (IRA), they must meet certain minimum fineness levels and come from an official national government mint. This ensures they contain both intrinsic and numismatic value – making them ideal investments for self directed IRAs.
Canadian Silver Maple Leaf
The Canadian Silver Maple Leaf is an appealing option for investors who wish to diversify their precious metals portfolios with iconic national symbols, making this silver bullion coin an excellent way to invest in one country’s history and culture.
The coin’s obverse side features Queen Elizabeth II’s portrait while its reverse features the symbolic maple leaf symbol. Due to its high purity and legal tender status, this investment piece makes an excellent addition to any portfolio.
Silver IRA owners have two purchasing options when purchasing silver coins: directly through their custodian or through third parties. Direct purchases offer immediate ownership and easy storage of their bullion.
Mexican Silver Libertad
Mexican Silver Libertad is an attractive investment option for precious metals IRA retirement accounts, due to its unique series of silver bullion. Guaranteed by Mexico’s Banco de Mexico, these coins do not bear an official face value and remain an unofficial currency of sorts.
Each coin depicts the winged angel of victory atop two towering volcanoes – Popocatepetl and Iztaccihuatl – on its reverse. Additionally, its obverse displays Mexico’s coat of arms which was slightly revised in 1996.
These coins are produced at La Casa de Moneda de Mexico, one of North America’s oldest mints and one of the most highly respected facilities worldwide. Available sizes range from one ounce up to five ounces.
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