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IRA ELIGIBLE PRECIOUS METALS

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Though IRAs were once limited to holding American Eagle gold and silver coins, today, IRAs can invest in IRS-permitted gold, silver, palladium and platinum bullion and coins. Thanks to the Taxpayer Relief Act of 1997 which expanded the precious metal holdings allowed in IRAs to include one, one-half, one-quarter or one-tenth ounce U.S. gold coins and one-ounce silver coins minted by the U.S. Treasury Department, along with certain foreign coins.

To qualify as IRA eligible precious metals, the following minimum fineness requirements must be met:

  • Gold must be 99.5% pure, silver must be 99.9% pure, and platinum and palladium must both be 99.95% pure.
  • Bars, rounds and coins must be produced by a refiner, assayer or manufacturer that is accredited/certified by NYMEX, COMEX, NYSE/Liffe, LME, LBMA, LPPM, TOCOM, ISO 9000, or national government mint and meeting minimum fineness requirements.
  • Proof coins must be encapsulated in complete, original mint packaging, in excellent condition, and include the certificate of authenticity.
  • Small bullion bars (other than 400-ounce gold, 100-ounce gold, 1000-ounce silver; 50-ounce platinum and 100-ounce palladium bars) must be manufactured to exact weight specifications.
  • Non-proof (bullion) coins must be in brilliant uncirculated condition and free from damage.
Trulli

 

Examples of Acceptable Gold Products
ž American Eagle bullion and/or proof coins
ž Australian Kangaroo/Nugget bullion coins
ž Australian Lunar Series coins
ž Austrian Philharmonic bullion coins
ž British Britannia (2013 and newer)
ž Canadian Maple Leaf coins
ž Chinese Panda coins
ž Credit Suisse – PAMP Suisse bars
ž U.S. Buffalo bullion coins
ž Other products that meet the minimum fineness requirements outlined above.

 

Silver – Examples of Acceptable Products
ž American Eagle bullion and/or proof coins
ž America the Beautiful coins
ž Australian Kookaburra coins
ž Austrian Vienna Philharmonic coins
ž British Britannia (2013 and newer)
ž Canadian Maple Leaf coins
ž Chinese Panda coins
ž Mexican Libertad bullion coins
ž Other products that meet the minimum fineness requirements outlined above.

 

Platinum – Examples of Acceptable Products
ž American Eagle bullion and/or proof coins
ž Australian Koala bullion coins
ž Canadian Maple Leaf bullion coins
ž Isle of Man Noble bullion coins
ž Other products that meet the minimum fineness requirements outlined above.

 

Palladium – Examples of Acceptable Products
ž Canadian Maple Leaf  coins
ž Other products that meet the minimum fineness requirements outlined above.

 

Examples of unacceptable precious metal products:
Any rare or collectible coin Chilean Peso Hungarian Korona
Austrian Corona and Ducat Columbian Peso Italian Lira
Belgian Franc Dutch Guilder Mexican Peso and Onza
British Brittania (pre-2013) French Franc South African Krugerrand
British Sovereign German Mark Swiss Franc