The IRS has jurisdiction on what can and cannot be placed within an IRA account. Fortunately for investors, the tax authority allows a wide variety of gold coins to be bought and stored within an IRA account. The IRS knows and understands the importance of buying gold coins that will not only physically stand the test of time, but that will also have a strong market whenever you may begin to liquidate them. The Taxpayer relief Act of 1997 expanded the amount of gold coins that are eligible for inclusion. Eligible gold coins must be at least .995 pure gold and must also be legal tender.
The importance of gold coins being manufactured and guaranteed by a government cannot be overstated. These governments, such as the U.S Government or Canadian Government, guarantee the quantity and quality of the stated metal content of the coins. They also guarantee the face value of the coins, which can vary greatly depending on the coin’s style and weight. These government coins are some of the best gold coins available, and the IRS feels comfortable in allowing investors to buy and hold them long-term as they know their value and condition will hold over time.
What is a Precious Metals IRA?
A precious metals IRA is an individual retirement account that allows investors to purchase gold, silver, or other physical metals in a tax-deferred account. It’s a fantastic way to diversify your retirement portfolio and hedge against inflation. Precious metal IRAs have a tangible value with the potential to grow faster than traditional paper investments or retirement funds.
Approved Coins We Offer
For several reasons, the government’s IRS-approved coins are an excellent retirement and collection vehicle. In addition to hedging against economic conditions, all the coins available for purchase feature unique, eye-catching designs that make them sought after by collectors. Whether gold, silver, platinum, or palladium, these coins are a fantastic addition to your diversified investment portfolio, including a gold IRA.
IRS-approved gold coins can be a great investment vehicle because the value of the precious metal itself backs them. This can make them a safe, reliable, alternative store of wealth to paper investments. Because you can physically hold gold coins, you can have more control over your assets.
IRS-approved silver coins are another type of asset for your precious metal IRA. You can typically buy it at a lower price point, which can make for easier investing. Silver coins tend to respond more quickly to economic changes than gold, which can lead to higher returns.
Platinum coins are durable, liquid, and versatile. Unlike stocks or bonds, physical platinum coins provide immediate access to your wealth. Because the metal’s value dictates its worth, platinum coins are often seen as more reliable than paper investments.
Palladium is a rare metal that has grown in value, so coins can offer you long-term capital gains. Each palladium coin features collectible designs to increase its value and make them attractive to collectors and investors. Because palladium is much more affordable than other precious metals, it’s an excellent option for people who want to start investing in a precious metal IRA.