What Gold Coins Are IRA Eligible?

If you are considering adding precious metals like gold to your retirement portfolio, it is crucial that you are aware of the IRS guidelines regarding approved gold.

Investors can currently purchase bullion coins that meet purity requirements from different companies, while collector coins that don’t fall into that category and focus more on rarity may not qualify as eligible investments for an IRA account.

Australian Kangaroo Gold Coins

The Australian Kangaroo coin has long been a favourite among investors seeking to diversify their portfolios with gold bullion. First introduced as the Gold Nugget coin in 1986, its current design of an Australian Kangaroo was introduced in 1989 in order to promote Australia’s unique wildlife and landscapes.

This popular coin is produced by the esteemed Perth Mint, famed for its high standards of craftsmanship. On its obverse is Queen Elizabeth II’s portrait designed by Jody Clark; on its reverse is depicted a kangaroo bounding across a rugged creek bed to symbolise Australia’s wilderness.

Investors can store coins in Individual Retirement Accounts as the IRS allows this practice under certain rules. They should keep in mind, however, that traditional capital gains tax advantages don’t apply within an IRA; all withdrawals are taxed as ordinary income – including withdrawals made from a Precious Metals IRA which requires separate application for opening.

Mexican Gold Libertad Coins

The Mexican Gold Libertad is one of the world’s most beloved modern coin series, produced by Casa de Moneda de Mexico and known for its timeless beauty, exquisite production quality, and low mintage volumes.

The obverse features the Winged Victory statue that represents Mexican pride and independence; Popocatepetl and Iztaccihuatl volcanoes can also be seen in the background. On its reverse are various national coats of arms representing Mexico’s rich cultural heritage.

Each Mexican Gold Libertad coin contains 0.9999 pure gold, but due to the limited mintage, can be more costly than similar bullion coins such as the U.S. Gold Eagle. However, investors should remember that these IRA-eligible Gold Libertads provide investors with an opportunity to diversify their portfolio with something different and unique – also available in 1/2 ounce, 1/4 ounce, and 1/10 oz sizes!

Big Five Elephant Gold 1 oz

The Big Five Elephant Gold 1 oz coin is an exquisite commemoration of Africa’s five most magnificent elephants, made entirely out of pure gold and with stunning craftsmanship to ensure long-term value appreciation. Due to its rarity and exquisite purity, this coin represents one of the smartest investments you could make over time.

The obverse of this coin features an intricate close-up portrait of an elephant’s head, along with its weight, purity and metal content information. Additionally, this side includes “SOUTH AFRICA,” “BIG FIVE,” and the South African coat of arms inscriptions.

This coin is part of a 24ct gold bullion series inspired by Africa’s most iconic wildlife. First introduced as proof quality coins in 2019, this collection pays homage to Africa’s natural heritage, strength, and beauty with coins depicting lions, leopards, rhinos and buffaloes – soon becoming sought-after assets among coin collectors and investors. This coin features elephants for the first time – it arrives protected in plastic flip packaging; multiples of ten come packaged inside mint tubes.

U.S. Gold Eagle Coins

Gold Eagle coins are eligible to be held in an Individual Retirement Account (IRA), providing an effective means to diversify your retirement portfolio with physical gold investment. Unlike paper assets commonly found within an IRA, American Gold Eagle coins are legal tender backed by the federal government and offer weight and purity guarantees that can help diversify retirement portfolios.

The Taxpayer Relief Act of 1997 enabled Self-Directed Individual Retirement Accounts (SDIRAs) to accommodate alternative investments such as precious metals. Many investors now choose to include gold bullion as a diversifying asset in their SDIRA.

Gold coins eligible for storage in an SDIRA are typically produced and approved for storage by government mints, before receiving approval for storage by the IRS.

Although IRA-eligible gold bars are just as valuable, coins are much easier to transport and incur lower international shipping fees when traveling internationally. Furthermore, many buyers find them more desirable. Our Precious Metals Specialists can assist in choosing the appropriate coins for your IRA account.

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