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What Gold Coins are IRA Eligible? 

For a gold coin to be eligible for use in a Self-Directed Individual Retirement Account, or Gold IRA, it must meet the requirements set forth by the Internal Revenue Service (IRS). These factors include the coin’s composition, purity, and adherence to other IRS rules governing Gold IRAs. 

What is Not Allowed in Your Gold IRA

Numismatic and semi-numismatic coins are deemed collectibles by the IRS and are not eligible for a Gold IRA. The exception to this rule is for certain U.S. Mint-produced gold and silver coins. 

IRS Requirements for IRA-Eligible Gold Coins 

Gold coins must be at least .995 fine or have a purity of 99.5% to be eligible for a Gold IRA, but there is a single exception to this: The American Gold Eagle is .9167 fine and still eligible for use in a Gold IRA. 

The IRS requirements for gold coins in a Gold IRA are slightly different from those governing metals like silver and platinum. Silver must have a millesimal fineness of .999, while palladium and platinum must both have a fineness of .9995 for eligibility in a Gold IRA. 

Top IRA-Eligible Gold Coins  

Some of the most popular Gold IRA Eligible coins include the: 

  • 1 oz American Gold Buffalo 
  • 1 oz American Gold Eagle 
  • Canadian 1 oz Gold Maple Leaf 
  • Australian 1 oz Gold Kangaroo 
  • Great Britain 1 oz Gold Brittania 
  • Austrian 1 oz Gold Philharmonic 

There are some other popular gold coins you will not see on this list, and that may not make sense until we understand that the IRS does not approve these products for Gold IRAs. 

For investors looking to add gold coins to their portfolio at a less expensive price point, it’s worth noting that fractional versions of certain coins are approved as well. One such popular option is the 1/10th oz American Gold Eagle coin.

These unapproved gold coins include Chinese 1 oz Gold Pandas and South African Gold Krugerrand coins, among others. 

IRA-eligible gold coins must meet stringent criteria to adhere to IRS guidelines. By selecting government-issued coins with recognized authenticity and consulting with financial professionals, investors can strategically integrate gold into their retirement portfolios within the confines of government regulations. 

Quick Guides to Investing

Step 1:

Why Buy Physical Gold and Silver?

If you are concerned about the volatility of the stock market, you’re not alone. The extreme highs and lows of the stock market often lead investors towards safe-haven assets, like bullion. Historically, the Precious Metals market has an inverse relationship with the stock market, meaning that when stocks are up, bullion is down and vice versa.

Step 2:

How Much Gold and Silver Should You Have?

This question is one of the most important for investors to answer. After all, experts suggest limits on how much of any types of investments should go into a portfolio. After deciding to purchase and own Precious Metals and considering how much money to allocate, one can then think about how much and what to buy at any point in time.

Step 3:

Which Precious Metals Should I Buy?

With the frequent changes in the market and countless Precious Metal products available, choosing investments can be difficult. Some want Gold or Silver coins, rounds or bars while others want products that are valuable because of their design, mintage or other collectible qualities. Also, collectors may shop for unique sets and individual pieces for their collections.

Step 4:

When to Buy Gold & Silver

After considering why, how much, and what Precious Metals products to buy, an investor’s next step is when to buy them. This decision requires an understanding of market trends and the impact of economic factors on precious metal prices.

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