What Silver Coins Are IRA Eligible?
A silver IRA is an individual retirement account that allows investors to invest in physical precious metals for diversification, inflation protection and tangible assets that can be held and stored independently.
When selecting a silver IRA, look for an accessible custodian who offers reasonable costs and purchasing processes, before purchasing IRS compliant bullion that qualifies for inclusion as part of an IRA.
American Silver Eagles
The American Silver Eagle coin is an extremely popular investment and collection choice among both investors and collectors. Created by John Mercanti, this IRA-eligible silver coin features a patriotic image of America – an eagle standing proudly atop an olive branch clutching in one claw while its left one holds arrows – on its front side.
On its reverse, an eagle depicting 13 stars representing original colonies is shown with E PLURIBUS UNUM written across it, making this coin legal tender with a legal tender face value of $1.00.
Like with other precious metals, the IRS doesn’t permit physical possession of silver coins held within your IRA account, so they must be held by an IRA custodian or trustee until age 59 1/2 and you make your required minimum withdrawals. You can learn more about them by consulting our comprehensive guide of IRA Custodians.
The Kookaburra is the largest species in the kingfisher family. Native to Australia and famed for its loud laughing call, this animal often serves as an important sound effect when movies depict tropical settings. Furthermore, this iconic bird inspired Perth Mint’s Gold Kookaburra and Silver Koala coins.
These IRA eligible coins are made from pure silver (.9999 purity) and feature an ever-evolving reverse design, while their obverse side displays Queen Elizabeth II’s portrait. A maximum annual supply is set aside by the mint.
These coins come in Brilliant Uncirculated condition and are packaged in tubes of 20. They make an excellent way to bring Australian history and wildlife into a precious metals portfolio, and our Account Representatives at Midas Gold Group can assist in choosing whether an IRA-eligible Australian Silver Kookaburra might be ideal. Reach out today on 800-825-8890, online, or call our offices!
Silver Vienna Philharmonics offer investors an attractive and accessible bullion investment option. Minted in 1 oz denominations with 99.99% fine silver content, their obverse features the iconic organ in Musikverein as well as information such as year, weight and face value in Euros.
Austrian coins celebrate Austrian culture and history and are widely recognized. Additionally, they boast one of the lowest premiums on the market – making them a valuable addition to many bullion portfolios.
Bullion coins that meet IRS purity and fineness standards can only be included in an Individual Retirement Account (IRA). Examples of eligible coins for inclusion are American Silver Eagles, Austrian Philharmonics and Canadian Silver Maple Leaves – these don’t qualify due to being legal tender coins like South African Krugerrands or British Sovereigns which don’t meet IRA criteria either. Adding precious metals can diversify and protect against inflation; Monex provides IRA-eligible silver Philharmonics of different sizes that help build wealth faster!
Canadian Silver Maple Leafs
Canadian Silver Maple Leaf coins have long been revered as world-class investments for investors looking to diversify their precious metals portfolios. Each 1 ounce coin is crafted of pure.9999 silver and boasts the instantly recognisable maple leaf symbol as its centerpiece; in addition, these coins also include anti-counterfeiting measures such as radial lines and micro-engraved holograms to protect value.
Coins manufactured by official national government mints that meet minimum purity requirements are an ideal selection for self-directed Individual Retirement Accounts; it is important to avoid numismatic and commemorative coins that do not satisfy this eligibility criteria.
The Silver Maple Leaf is a timeless symbol with deep historical roots. Additionally, its attractive investment prospects and competitive price make it an appealing option. Offered at $5 CAD each face value coin features several anti-counterfeiting security measures to guarantee authenticity and provide further confidence when investing.
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