Can You Contribute Gold Coins to an IRA?
An individual retirement account (IRA) offers more investment choices and the possibility to defer taxes until you retire.
Gold coins and bullion eligible for inclusion in an Individual Retirement Account must meet certain fineness standards; several metals qualify, such as the American Eagle.
As with other IRAs, yours requires annual fees and transaction costs; storage fees may also apply.
British Britannia
The Britannia coin has long been considered an icon of British coinage. First seen on British coins 350 years ago, its iconic appearance remains popular with investors due to its high purity.
Philip Nathan is best known for his iconic design depicting Britannia standing tall with her trident and shield, an image which has been adopted by various artists for proof Britannia coins which often command higher premiums than their bullion counterpart.
The Britannia bullion coin can also be purchased in fractional sizes of half, quarter and tenth troy ounce, with face values of PS50, PS25 and PS10. As an IRA-approved bullion coin it makes an excellent addition to your precious metals portfolio.
American Eagle
American Eagle precious metals investments provide a popular option for precious metal investors seeking diversification within their retirement portfolios. Their price tends to increase during periods of economic instability while providing inflation protection.
John Mercanti’s iconic design of an eagle and olive branch appears on this gold bullion coin, while its reverse side bears E Pluribus Unum and 13 stars representing America’s original colonies.
However, not all AE coins qualify for investment in an Individual Retirement Account (IRA). Collectible coins, rare or collectable rounds and certain other forms of bullion do not meet minimum fineness standards and thus cannot be included as eligible investments in an IRA; only gold and silver bullion meeting minimum fineness standards is eligible; similarly for other metals such as South African Krugerrand or German Mark.
Australian Kangaroo/Nugget
Australian Kangaroo/Nugget gold bullion coins have long been prized by investors and collectors for their annual design changes and limited mintages, as well as for their highly collectible nature. Each 1 ounce coin comes individually encapsulated for added security.
The front, or obverse, side of each coin features a young portrait of British monarch Queen Elizabeth II as well as its value and other information (depending on its mint year). Each coin is then repeatedly pressed to produce its two-tone effect: with images on either side presenting two distinct looks.
Gold Kangaroo/Nugget coins qualify for inclusion in your IRA as long as they meet IRS minimum purity requirements and come from an approved government mint. Learn how you can start saving with precious metals here.
Australian Lunar Series
The Internal Revenue Service only permits certain precious metals in an Individual Retirement Account (IRA), making storage costs an important consideration when investing in gold IRAs. Numismatic coins tend to incur higher commission fees from gold companies while bullion bars reflect the current spot price of precious metal.
The Perth Mint’s Lunar Series has long been a favourite among investors seeking to diversify their precious metals portfolio with unique numismatic coins. Launched in 1996, this series commemorates Chinese zodiac animals through releases featuring each animal on each coin minted from.999 pure gold. A great choice for collectors seeking something different.
Canadian Maple Leaf
The 1 oz Canadian Maple Leaf coin is an increasingly popular option among investors seeking gold bullion. A symbol of Canada’s natural beauty and culture, this coin boasts high purity gold content. Renowned worldwide for quality assurance.
Add this coin to your IRA portfolio by opening a Precious Metals IRA. This type of account allows you to invest directly in physical precious metals rather than stocks or bonds.
IRA-approved silver coins must come from official or government sources and possess at least 99.5% fineness – this rule precludes private mint products such as South African Krugerrands and British Sovereigns from being considered acceptable IRA assets.
Chinese Panda
Chinese Panda coins are another great choice for anyone seeking to add gold bullion coins to their Precious Metals IRA. Containing 1/20oz of.999 fine gold, these collector’s items have gained tremendous traction among consumers.
Every year the Panda series features a different reverse design to make their coin even more desirable for collectors and investors alike.
Prior to 2015, coins featured the Hall of Prayer for Good Harvest from Beijing Temple of Heaven as their obverse side image, along with “People’s Republic of China” and the year of issue.
American Rare Coin offers you an easy and straightforward way to open a Precious Metals IRA by rolling over an existing IRA or former employer 401(k). We carry many IRA-compliant products for your consideration.
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