Platinum Coins IRA


About IRA-Eligible Platinum

Platinum—like gold, silver, and palladium—is a precious metal that is IRS-approved for investment in a self-directed IRA. Platinum as a precious metal often commands a more volatile price than gold and silver, which means investors with a high risk tolerance can stand to make a healthy return. 

IRA-eligible platinum must meet specific fineness requirements. All platinum coins and bars must have a fineness of 99.95% purity. In addition, bars must be manufactured by national government mints or NYMEX- or COMEX-approved assayers and refiners. 

Benefits of a Platinum IRA

Investing in a platinum IRA is an excellent way to hedge against economic conditions and own liquid assets with tax incentives, thanks to self-directed IRA rules and regulations. Platinum is rarer than gold and silver and makes a good addition to diversified precious metal IRA holdings.  

IRA-Approved Platinum Coins

The number of IRA-approved platinum coins is smaller than gold or silver offerings, but they’re no less striking or collectible. The following platinum coins are available for purchase through a custodian. Remember: taking direct delivery or possession of these coins counts as an IRA distribution and is subject to all the taxes and fees that apply.  

Leopard Seal Platinum Coins

Minted in 2020, the Leopard Seal Platinum Bullion Coin comes from the Perth Mint and has been struck from 1/3 oz. 99.95% pure platinum. This limited-release coin features a leopard seal on one side and a relief image of Her Majesty Queen Elizabeth II on its face. Brilliant and inexpensive, you can diversify your investment portfolio with this coin and have a relatively rare collectible at the same time. 

Humpback Whale Platinum Coins

The Perth Mint of Australia struck the Humpback Whale 2019 Platinum Coin from 1/3 oz. of 99.95% pure platinum in a highly limited release of 25,000 coins. This coin’s reverse side showcases a humpback whale and calf below the water’s surface. On its face, buyers can find an image of Queen Elizabeth II.  

Emperor Penguin Platinum Coins

The 2018 Emperor Penguin Platinum Coin comes from the Perth Mint and, like other coins, is made of 1/3 oz 99.95% pure platinum and is limited to 25,000 coins. This coin features an emperor penguin atop ice on its reverse side and Her Majesty Queen Elizabeth II on its face.  

American Platinum Eagle Coins 

The 2015-W American Eagle $100 Bullion platinum coin comes from the U.S. Mint in West Point. This inexpensive precious metal investment features a stunning image of the American Bald Eagle on its reverse side. Use this affordable investment to hedge against inflation. 

American Platinum Eagle Proof Coins

Another option for investors who want a coin from the U.S. Mint, the 2015-W American Platinum Eagle Proof Coin features a close-up relief image of an Eagle on a one-ounce, 99.95% pure platinum coin. Coins like the Proof coin are an inexpensive precious metal investment that collectors can make. They also help hedge against inflation and diversify the investment portfolio. 

Canadian Platinum Maple Leaf Coins

First produced by the Royal Canadian Mint in 2015, the Platinum Maple Leaf $50 bullion platinum coin features an image of a maple leaf on one side and an effigy of Queen Elizabeth II on the other. This coin is an inexpensive option for investors and collectors alike. Hedge against inflation by making this coin part of your retirement portfolio. 

How to Buy Platinum Coins for Your IRA

Much like with gold and silver coins, there are three major steps to buying platinum coins for your precious metals IRA. They include: 

  1. Open a precious metals IRA, often called a Gold IRA account by many providers. 
  2. Find a custodian for your coins. Most companies—including Advantage Gold—have established relationships with custodians who can hold your precious metal assets. Because taking physical possession of the coins counts as a withdrawal, you cannot do so without risking tax penalties. 
  3. Purchase coins for your IRA. The best way to do this is to rollover existing retirement funds into your Gold IRA. This allows you to keep the tax advantage. Paying cash for precious metal coins is not advised. 

Open a Platinum IRA

If you’re new to investing in precious metals like platinum with a platinum IRA, starting the process is simple! Learn how to roll over your existing 401(k), IRA, or another retirement account into a secure IRA. Hedge against inflation and other economic uncertainty by purchasing your first gold, silver, or platinum coins today.