Gold Lira coins are highly sought-after among coin collectors worldwide and make for an intriguing addition to any precious metal portfolio. Unfortunately, however, they do not meet the IRS’s high standard for gold purity and therefore do not qualify as investments in an IRA account.
The 20 Lire gold coin from Italy’s Kingdom is issued with its reigning monarch pictured on its obverse. These coins share similar weight and dimensions with France’s 20 Franc Angel coin; however, they tend to be harder to come across online.
Weight
Gold has long been an integral component of Turkey’s economy, from extraction and refining through to exchange bourses and futures trading and an active precious metal import/export trade. Turkey provides an ideal setting for investing in precious metals – particularly gold coins – making this nation an excellent location for gold coin investors.
Italy is one of the youngest modern European nations, emerging as an integrated kingdom and monarchy in the late 1800s. This explains their historical appeal of Italian 20 Lire Gold Coins that serve as heralds to their newly emerging kingdom and monarchy.
These coins feature the portrait of Italy’s current monarch on their obverse depending on the year of mintage, starting with Victor Emmanuel II until his death in 1878; later issues featured Umberto I (Duke of Savoy before ascending the throne) until his assassination in 1900.
Denomination
Gold liras are an attractive investment option for investors looking to diversify their portfolio with exotic coins. Available from many coin dealers around the world, these coins make an excellent addition to either retirement accounts or investment accounts; however, due to not meeting IRS purity requirements they cannot be included into IRAs.
Italian 20 Lire coins may not meet the 99.5 gold fineness required by IRAs, yet they provide an ideal opportunity to diversify your metals holdings. With high intrinsic values from precious metals they contain, as well as historical and collectable appeal, these coins make great additions to any collection despite not carrying legal tender face value in Italy since its adoption of euro currency. Furthermore, adding these IRA-approved gold coins without incurring penalty fees makes for a great opportunity to diversify holdings.
Purity
Italian 20 Lire Gold Coins may come with low premiums over gold spot, yet do not meet the IRS requirement of 99.5 gold purity for retirement and investment accounts. That being said, these collectable coins remain highly sought-after among coin collectors around the globe and could make an excellent addition to your collection.
From 1861 to 2002, Italy used the lira as its currency; its gold content and purity mirrored that of Francs issued in France, Switzerland, and Belgium. Minted coins featured obverse designs with reigning monarch or Savoia coat-of-arms on reverse.
Gold purity can be measured using either the karat or millesimal fineness methods. Karat refers to the number of parts per thousand that make up pure gold jewelry; millesimal fineness measures it differently by taking measurements over 1000 parts per thousand rather than in terms of karats.
Design
Gold is an integral component of Turkey’s economy. From mining and refining operations, to exchange bourses and futures trading, precious metals play an integral part of life there – providing investors with a hedge against inflation. One popular 20 lira coin size among various Lira coin options provides investors with an investment-grade gold bullion coin at more cost-effective price point.
Each 20 Lira coin contains.1867 troy ounces of gold. Each year of mintage sees its design changing according to design trends; depending on which portrait of Victor Emanuel II or Umberto I of Italy may appear on its obverse side, respectively.
The 20 Lira Gold Coin features the Kingdom of Italy’s Coat of Arms on its reverse side. This design includes a crown atop an interlaced shield surrounded by olive and oak branches – perfect for depicting Italy as a nation!
