What Gold Bars Are IRA Approved?
Gold bullion investment can be an excellent way to diversify your retirement portfolio; however, not all precious metals qualify for Individual Retirement Account (IRA).
To be approved by an IRA, precious metals must meet certain purity standards and be produced by an accredited refiner or assayer. Fortunately, there are a few gold products which fulfill these criteria.
Australian Kangaroo/Nugget Coins
Australian Kangaroo coins (first minted as part of the Nugget series in 1986) have long been a favorite among self-directed gold IRA investors due to their popular collectability, 99.99 pure gold composition and unique reverse designs of each year’s reverse depicting an Australian Kangaroo.
The obverse side displays a portrait of Queen Elizabeth II and is guaranteed to be authentic by the Perth Mint, carrying legal tender value of $25 Australian dollars.
The reverse of the coin features an image of an energetic and speedy kangaroo in motion, chosen as its design by Ewan McDougall through an international competition open to designers worldwide. Australia is home to an abundance of wildlife that symbolizes both natural and cultural heritage; with these gold IRA approved coins celebrating them both can easily be held within your account or stored with a trusted third-party storage provider.
Austrian Philharmonic Coins
The Austrian Philharmonic gold coin is an increasingly popular choice among investors who wish to diversify their gold bullion portfolio. Minted by Austria’s 800-year-old Mint, this coin depicts instruments from Vienna Philharmonic with cello in the center, violins on either side and harp flute and bassoon on its reverse.
Coins come in various weights, with 1 oz coins being the most widely available option for investors seeking to diversify their holdings of precious metals. Their high purity and affordable cost make these coins ideal for building up precious metal holdings.
This coin meets IRS requirements to qualify as bullion and is IRA eligible, according to law. According to this statute, any gold considered eligible must come from an approved refinery or national mint and meet minimum fineness standards before being placed into an account or liquidated or taken physical possession of.
Canadian Maple Leaf Coins
Gold Maple Leaf coins offer precious metal investors looking for a prestige-filled investment a great opportunity. Each coin features the iconic maple leaf that serves as Canada’s national emblem; on its reverse, there’s also the Canadian flag and details such as purity and weight of each piece of currency.
Since 1979, this coin has been in circulation and remains an attractive choice among investors. A beautiful bullion coin, it can easily be added to an IRA as an alternative precious metal coin investment option.
While IRAs typically prohibit collectibles, the IRS allows investors to purchase certain forms of bullion that meet minimum fineness requirements. Bars and rounds priced based on gold content rather than collectability value are popular options that satisfy this criteria, while products produced at refineries approved by NYMEX/COMEX as well as national government mints meet this prerequisite for investment into an IRA.
PAMP Suisse Gold Bars
Gold bars are an increasingly popular investment choice among investors, as they typically come with lower premiums than coins and can easily be stored either at home or in a bank safe deposit box. Gold bullion has proven itself invaluable through turbulent economic environments, making it an essential addition to any portfolio.
PAMP Suisse is renowned for their selection of gold bars in different sizes; smaller bars may suit new investors better while larger ones help diversify and balance investment portfolios.
These gold bullion bars feature a tamper-proof assay card on their reverse, which allows users to verify its weight and purity. Their obverse depicts Roman goddess Lady Fortuna while their reverse includes PAMP Suisse logo as well as serial numbers unique to each bar. Heat sealing ensures heat-seal resistance as they’re also approved by IRAs – and their CombiBar model stands out even more by breaking up into 50 1-gram bars!
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