IRA Approved Silver Coins For Precious Metals IRAs
Silver has increasingly become popular as an asset class among investors looking for retirement accounts. Silver can offer long-term growth potential, inflation protection, portfolio diversification and tangible value.
The IRS mandates that all silver approved for an IRA meets certain quality and purity requirements, in general coins produced at government mints with minimum fineness requirements are preferred.
American Silver Eagle
The American Silver Eagle is an attractive option for investors who wish to invest in physical silver through a self-directed Individual Retirement Account, due to its government backing ensuring high quality and weight silver coins. Furthermore, its diversifying effect makes this investment choice ideal.
All silver bullion products approved for an IRA must meet IRS standards for fineness and purity, which include at least 99.9% pure silver content. Coins must also be produced by an IRS-approved mint and in uncirculated condition; to qualify as eligible bars they must also bear NYMEX, LBMA, LPM TOCOM or ISO-9000 certifications.
Coin dealers that sell IRA-compliant silver can help investors purchase this asset directly through direct transfer funding, which allows investors to watch as their funds transfer directly into another account without the need for further input by themselves. This feature makes investing easier as original account holders can simply watch how quickly their funds move to their new accounts without incurring extra labor from themselves.
The Mexican Silver Libertad is the official silver bullion coin produced by the Mexican government at La Casa de Moneda de Mexico and is highly sought-after due to its beautiful design and relatively low mintage numbers compared to other sovereign bullion coins.
The coin features Mexico’s National Coat of Arms on its obverse, depicting an Eagle perched atop a cactus with a snake in its talons and other previous Coat of Arms designs used throughout history. On its reverse is Winged Victory as a symbol of freedom standing atop Mexico’s Independence Victory Column with Popocatepetl and Iztaccihuatl as an impressive backdrop field.
The Mexican Silver Libertad is available in 1 oz, 1/2 oz and 1/4 oz sizes and features the national shield on its obverse side, in addition to weight and purity markings.
SilverTowne Mint first opened as an antique and coin shop in 1949, but has become known for creating custom mint options to support promotional campaigns for businesses looking for something truly original. They also produce some of the purest silver bullion available – with their Prospector Bar being especially sought-after by investors while their hand-stamped silver bars remain popular with collectors.
Silver can provide your retirement portfolio with much-needed diversification benefits, unlike many of its IRA-approved investments, like stocks or bonds, which tend to correlate more closely to traditional markets. This makes silver an attractive way to diversify and broaden its holdings.
JM Bullion offers an expansive selection of silver coins, rounds, and bars from SilverTowne Mint that may not all qualify for an Individual Retirement Account (IRA). We strongly suggest consulting a Precious Metals IRA expert before making purchases through our contact form on our website as they will guide you through the simple process of acquiring IRS-approved silver for self-directed IRA accounts.
Determined your personal financial objectives, risk tolerance and investment time frame can help you choose silver coins and bars most suitable for a precious metals IRA. Popular options are American Silver Eagle bullion coins made by the US Mint which come in one-ounce, half-ounce and quarter-ounce sizes – they may even qualify as an approved option under your plan!
Add silver to your IRA account as an inflation hedge and secure savings against its effects. Silver is also widely recognized as a safe-haven asset in times of geopolitical unease or market fluctuations.
Before investing in any silver coin IRA account, however, it is imperative that you understand the IRS guidelines for precious metals IRA investments and consult with a qualified tax professional for additional advice and details regarding precious metals IRA accounts. Furthermore, only invest in coins which meet minimum fineness requirements set by your IRA account.