When investing in Precious Metals IRAs, it’s essential that the coins and bars chosen comply with Internal Revenue Code standards – meaning they come from either a national government mint or an accredited refiner/assayer/manufacturer.
These gold IRA investments must then be stored at an IRS-approved precious metals depository. Here are some of the most sought-after IRA-eligible gold bullion products.
Australian Kangaroo/Nugget
The IRS mandates that precious metals be kept in an IRS-approved depository for safety reasons, enabling investors to diversify their retirement portfolios with top-of-the-line gold bullion products.
The 1 oz Australian Kangaroo coin makes an outstanding investment. Representing Australia’s natural and cultural history, its high gold content and continuously-evolved design features enhance both numismatic and collectable value.
This coin, produced by Perth Mint and made up of 99.999 fine gold, features Queen Elizabeth II with her two-tone frosted design on one side and different images of kangaroos as an emblematic representation of Australia on its reverse. These coins also come in fractional sizes or as Gold Proof coins for added collector value.
Austrian Philharmonic
The Austrian Philharmonic gold coin has long been one of the most recognizable bullion coins on the market, boasting a timeless design that honors Vienna Philharmonic Orchestra as well as Austrian craftsmanship and cultural traditions.
The reverse side of this coin features the Great Organ from Musikverein Concert Hall in Vienna – home to the Vienna Philharmonic orchestra – making the coin universally appealing and relatable across cultures.
The 1 oz gold Philharmonic is an ideal option for retirement account investments, thanks to its.9999 fineness and distinctive design that are sure to please both collectors and investors. Furthermore, fractional denominations are also available allowing investors to diversify their portfolio with smaller investments.
Canadian Maple Leaf
The Canadian Maple Leaf is a highly popular one-tenth ounce gold bullion coin that meets some of the highest IRA-acceptable fineness standards and can therefore be stored within an IRA account.
The coin features Queen Elizabeth II on its front (“obverse”) side, while its reverse features Canada’s national symbol – the Maple Leaf. When first produced in 1979 with a fineness of 9999 it was upgraded to 99999 later that year, giving these coins an advantage in value over bullion industry peers.
The Royal Canadian Mint, owned by the government of Canada, produces this coin. Known for their strict fineness standards and quality control throughout production processes, these factors contribute to their high demand in international markets.
British Britannia
The British Britannia gold bullion coin is an internationally recognized gold bullion coin known for its high liquidity. Officially supported by the UK government and issued since 1987, these coins offer investors looking to diversify their portfolios with some British flair an attractive option for diversifying.
These one-ounce gold bars, created by The Royal Mint and designed by Jody Clark, have become iconic worldwide. Each Britannia bar comes securely packed within its own brand packaging for convenient storage and transport.
The Royal Mint logo can be found on the obverse side, along with weight, purity and serial numbers. On its reverse is a background with repeating waves evoking Britain’s rich maritime history; additionally these 1 oz gold Britannia bars come encased in a tamper-evident assay card for added protection.
Chinese Panda
Gold bars offer an excellent way to invest in precious metals due to their low premiums and maximum metal for the dollar spent. Some investors also prefer backdated Silver Eagle coins as these may often be found for lower prices than newer versions.
The IRS allows certain coins and bars to be held in IRAs that meet minimum fineness standards and come from either a national government mint, accredited refiner/assayer/manufacturer.
Reminder: Any precious metals taken out of an IRA before age 59 1/2 will incur an early withdrawal penalty of 10% – this is because the government wants you to save for retirement instead of spending it early on other things.
