Help transfer a portion of your wealth for generations to come with Silver inside your IRA
By owning silver, you will add a tangible asset to your resources.
Owing a silver IRA may be a smart choice for anyone looking to diversify their assets, secure their wealth and hedge against market volatility. By owning silver, you will add a tangible asset to your valuables. Additionally, holding silver within an IRA can offer potential tax advantages.
Don’t give anyone else power to have control over your spending power. Opening up an IRA with silver now could be a timely move.
Factors Affecting Coin Prices Beyond Metal Value
Purity and Weight
Coins vary in purity (e.g., .999 or .9999 fine gold) and weight (e.g., 1 oz, 1/2 oz, 1/10 oz). Higher purity coins, like the .9999 Canadian Gold Maple Leaf, are often more desirable than coins with lower purity, such as the .9167 American Gold Eagle (which includes other metals for durability). Although both contain the same amount of gold, purity differences can affect price.
Mint and Country of Origin
Coins from reputable mints, such as the U.S. Mint or the Royal Canadian Mint, often carry a premium for their quality and security. Many are legal tender in their country, increasing their global recognition and liquidity, like the American Gold Eagle and Canadian Gold Maple Leaf.
Design and Craftsmanship
Intricate designs and craftsmanship, especially in limited edition or proof coins, such as proof or commemorative coins, can increase a coin’s value. Collectors often seek coins that commemorate significant events or feature unique artistry.
Collectible or Numismatic Value
Coins with historical significance or rarity, like older gold coins or limited editions, often have a value beyond their metal content. For example, a rare Double Eagle gold coin from the 19th century could be worth far more than its gold content due to its collectible appeal.
Condition and Grading
Coins are graded by condition (e.g., Mint State or Proof). Higher-grade coins, particularly those certified by professional services, command higher prices. Well-preserved or uncirculated coins are often more valuable than those showing wear.
Production and Minting Year
Limited mintage or special edition coins can be pricier due to their rarity. Some coins might be sought after due to their production year. For example, if a certain year’s coin had a lower mintage, it could become a collectible, driving up its price over time.
Premium Over Spot Price
The spot price is the market value of the metal, but coins typically carry a premium to cover minting, distribution, and dealer margins. For example, American Silver Eagles often have higher premiums than generic silver rounds due to their reputation and government backing. Even with the same metal content, coins can vary in price based on factors like rarity, design, and condition.
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.
IRA Approved Silver
Not all silver coins, proof coins, bars, and rounds are created equal. In order to be eligible, the products must meet a specific fineness requirement of .995, with the exception of American Eagles. However, there are many qualified precious metals that can be placed in a Silver IRA. Though IRAs were once limited to only holding American Eagle products, today, IRAs include all IRS-permitted gold, silver, platinum and palladium products. Thanks to the Taxpayer Relief Act of 1997 which expanded the precious metals holdings allowed in IRAs to include one, one-half, one-quarter or one-tenth ounce U.S. silver coins and one-ounce silver coins minted by the U.S. Treasury Department, along with certain foreign coins.
At Gold Safe Exchange you will always work directly with highly experienced team members. Leading industry professionals with a wealth of experience, we’ve held senior positions at the largest retail precious metals firms in the U.S. At Gold Safe Exchange, our experienced team is committed to providing fair market pricing for IRA-eligible silver products. We’ll work with you to ensure you understand all costs associated with your purchase and help maximize your precious metals IRA investment. For more information on IRA-eligible silver coins, proof coins, bars, and rounds or to learn more about rollovers, transfers, and other silver IRA details, call Gold Safe Exchange today 1-800-341-6727.
American Eagle 1 Oz. Silver Proof Coin
U.S. Mint
Weight: 31.103 g.
Content: 1 Troy oz.
Purity: 0.9999 fine
Diam: 40.60 mm
IRA Eligible: Yes
The American Eagle is is struck from 1oz. of 99.99% pure silver and is the official silver bullion coin of the United States of America. First minted in 1986 and issued by the US Mint. Whether starting a new collection or expanding your existing one, don’t miss your chance to to own the stunning 2021 redesigned American Eagle.
American Eagle bullion / coins
U.S. Mint
Weight: 31.103 g.
Content: 1 Troy oz.
Purity: 0.9999 fine
Diam: 32.70 mm
IRA Eligible: Yes
The American Eagle is is struck from 1oz. of 99.99% pure silver and is the official silver bullion coin of the United States of America. First minted in 1986 and issued by the US Mint, this coin comes in four weights: one ounce, half ounce, quarter ounce, and tenth ounce.
America the beautiful Coins
Perth Mint
Weight: 31.103 g.
Content: 1 Troy oz.
Purity: 0.9999 fine
Diam: 32.60 mm
IRA Eligible: Yes
The Australian Gold Kangaroo Coins made their debut back in 1986. Even after all these years, Perth Mint’s Kangaroo Gold Coins are still considered one of the best gold coin sets to collect. Not only do they feature a beloved Australian marsupial but they’re also indicative of the fine quality of bullion products struck by the Perth Mint.
1 oz silver bar (Various)
Various
Various
Content: 1 Troy oz.
Purity: 0.9999 fine
Diam: Standard
IRA Eligible: Yes
The silver mint bar is one of the best ways to buy silver at a very low premium. Buying silver bars from Gold Safe Exchange ensures you will get the the best price on easy-to-trade silver bars and avoid of mark-ups from local dealers. Call us today. Silver bars are manufactured in an easy-to-store larger size including 10oz, 100oz, 1000oz. These .999 fine silver 1 oz bars are an alternative to 1 oz silver coins or rounds.
1 oz. silver buffalo round
Royal Mint
Weight: 31.103 g.
Content: 1 Troy oz.
Purity: 0.9999 fine
Diam: Standard
IRA Eligible: Yes
Perth Australia Mint Series Coins
Perth Mint
Weight: 131.103 g
Content: 1 Troy oz.
Purity: 0.9999 fine
Diam: 32.70 mm
IRA Eligible: Yes
The Silver Kookaburra is a silver bullion coin originating from Australia, and produced at the Perth Mint starting in 1990. The coins were .999 fine silver until the 2018 edition, which increased in purity to .9999 silver. While the obverse of the coin always depicts Queen Elizabeth II, the reverse side changes every year, always featuring a kookaburra, a bird native to Australia.
Austrian Philharmonic Series Coins
Austrian Mint
Weight: 31.103 g
Content: 1 Troy oz.
Purity: 0.9999 fine
Diam: 37.0 mm
IRA Eligible: Yes
The Vienna Philharmonic was first offered on October 10, 1989, and was initially minted in two sizes: one-ounce and one-quarter ounce. The one-tenth and one-half ounce coins were added in 1991 and 1994. The Vienna Philharmonic is currently the only European bullion coin with a face value in euros.
British Britannia (2013 and newer)
British Royal Mint
Weight: 31.103 g
Content: 1 Troy oz.
Purity: 0.9999 fine
Diam: 32.69 mm
IRA Eligible: Yes
Britannia is the female representation of Britain and has been the modern face of bullion since 1987. The history of this icon begins with her appearance on the coins of Hadrian, around AD 119, as the symbol of a new province and people. This this coin comes in four weights: one ounce, half ounce, quarter ounce, and tenth ounce.
Canadian Maple leaf coins
Royal Canadian Mint
Weight: 31.103 g
Content: 1 Troy oz.
Purity: 0.9999 fine
Diam: 30 mm
IRA Eligible: Yes
Chinese Panda Series Coins
People’s Republic of China
Weight: 31.103 g.
Content: 1 Troy oz.
Purity: 0.999 fine
Diam: 32.05 mm
IRA Eligible: Yes
1 oz British Valiant coin
Royal Mint
Weight: 31.103 g.
Content: 1 Troy oz.
Purity: 0.9999 fine
Diam: 32.70 mm
IRA Eligible: Yes
This Royal Mint coin is as successful as the Queen’s Beast series. As the English legend, this Valiant coin made from silver recounts the story of St. George saving a Swedish princess from a dragon. Artist Etienne Millner has captured the image of St. George in the moment of triumph, as he is slaying the dragon. Reverse frosting highlights elements of Etienne Millner’s bold design, whilst Queen Elizabeth’s latest effigy is on the obverse.
1 oz silver Donald Trump round
Royal Mint
Weight: 31.103 g.
Content: 1 Troy oz.
Purity: 0.9999 fine
Diam: 32.70 mm
IRA Eligible: Yes
These Privately minted rounds are a .999 pure silver bullion rounds commemorating the 45th President of the United States. The obverse features the profile of President Trump, right hand in the air presumably capturing the moment he was being sworn into office. The familiar columns of The White House are pictured on the reverse, along with inscriptions, “The White House” and “1 oz 999 AG”.
Frequently asked questions
Why is it important to own physical precious metals like gold?
Owning physical gold may help diversify your retirement savings and could protect your assets against inflation.
What is IRA-eligible gold?
It’s when the following minimum fineness requirements are met: Gold must be 99.5% pure, silver must be 99.9% pure, and platinum and palladium must both be 99.95% pure. For more information, check out our What is IRA Eligible Gold blog today!
Gold IRA vs Physical Gold: What is the difference?
There’s a lack of tax advantages. Acquiring physical gold doesn’t offer the same tax benefits associated with retirement accounts as it does with a gold IRA. The choice between the two depends on your retirement goals and preferences.
What Kind of Accounts Can I Rollover or Transfer?
You can rollover or transfer the following types of accounts into a precious metal IRA:
- Traditional IRA
- 401(k)
- 401(a)
- 403(b)
- 457(b)
- TSP
- SEP IRA
- Non-IRA investment accounts (e.g. brokerage account)
Note: The IRS rules regarding precious metal IRAs require that the precious metal held in the IRA meet certain fineness standards and be stored with an IRS-approved depository.
Why Do I Need a Custodian?
A custodian is required for a precious metal IRA because the Internal Revenue Service (IRS) regulations state that all self-directed IRAs, including precious metal IRAs, must be held with a custodian. The role of the custodian is to oversee the management and administration of the IRA, ensuring that all transactions meet the IRS rules and regulations. The custodian is also responsible for holding the precious metal and ensuring that they are stored in an IRS-approved depository. This helps to ensure the safety and security of the assets in the IRA.
Why Do I Need to Use a Depository?
A depository is required for a precious metal IRA because the Internal Revenue Service (IRS) regulations state that all precious metal held in an IRA must be stored in an IRS-approved depository. The purpose of using a depository is to ensure the safety and security of the assets in the precious metals IRA, and to provide an independent third-party storage solution for the precious metals.
The role of the depository is to hold and protect precious metals, and to provide periodic statements and valuation reports to the custodian and the IRA owner. The depository is also responsible for the proper insurance and security of the precious metal, including any necessary measures to protect against theft, loss, or damage.
By using an IRS-approved depository, the assets in the retirement funds are kept separate from the custodian’s own assets and are protected in the event of bankruptcy or other financial difficulties. Additionally, having the precious metals held in a depository helps to ensure that they meet the individual retirement account rules and regulations for self-directed IRA.
How Do I Sell My Precious Metal?
Precious metal are insured real property much like your home. However, unlike your home, which is limited to a very narrow pool of buyers, i.e. that specific property, at that specific price, in that specific zip code, etc., gold is recognized as money the entire world over. In fact, Gold is the second most traded commodity in the world after oil.
You can sell as much or as little of your precious metals to anyone, at anytime, anywhere in the world. Where Gold Safe Exchange will be happy to provide an offer to buy back your metals, you are in no way obligated to sell back to us.
Can I Have The Metals Sent to My House?
Absolutely! You can definitely have your precious metals delivered to your home. There are several different options and pathways to achieve this. Our experts will be happy to go through these options with you.
