Silver is one of the most popular metals to include in an Individual Retirement Account (IRA), providing diversification, protection against inflation and potential for long-term growth.
However, not all silver coins qualify for inclusion in an Individual Retirement Account (IRA). According to IRS regulations, only physical precious metals are eligible for inclusion. Such an IRA is known as Self-Directed Precious Metals IRA.
Canadian Silver Maple Leaf Coins
The Silver Maple Leaf coin is an increasingly popular investment choice among precious metals investors. Being eligible for an IRA makes this Canadian coin even more desirable and makes for an excellent way to diversify portfolios with tangible assets.
Since 1988, the Royal Canadian Mint has produced this 1 oz coin that contains 99.99% pure silver – higher than what can be found with American Silver Eagle coins.
On the obverse of each coin is an image of Her Majesty Queen Elizabeth II. Over time, this portrait has changed to better capture her likeness as she has aged.
The reverse side of this coin features Canada’s national emblem – the maple leaf. Engraved with incredible detail and rounded with indentations that read “CANADA” and “FINE SILVER 1 OZ ARGENT PUR,” the coin also incorporates security features like micro engravings and radial lines for added protection.
Moose Silver Bullion Coins
Royal Canadian Mint continues to develop an excellent reputation with their Silver Wildlife Series coins, which feature various Canadian wildlife. Their latest release depicts an imposing moose.
This coin contains one ounce of pure silver, and has an approximate face value of $5. It features Susanna Blunt’s right-facing portrait of Queen Elizabeth II on its obverse side.
This coin from the Royal Canadian Mint is eligible to be held within an Individual Retirement Account (IRA). By investing in silver as part of an IRA, investors may reap future appreciation that is typically more affordable than gold. Furthermore, diversifying portfolios by purchasing multiple pieces allows investors to reach retirement investment goals faster. Overall, investing in 1 oz Moose coins makes an excellent addition to any investor’s collection.
American Silver Eagles
American Silver Eagles are one of the most sought-after IRA eligible silver bullion coins on the market, produced by the United States Mint and featuring one troy ounce of pure silver. Additionally, these coins offer investors diversification in their precious metals IRA.
These coins feature a $1 face value and are legal tender issued by the government, providing peace of mind regarding weight, content and purity guarantees backed by law – making them an attractive investment option.
Investors should only purchase silver from a reputable dealer with an IRS-approved custodian to ensure they get the best price and avoid unnecessary taxes and fees. Furthermore, it’s wise to avoid collecting items like numismatic coins which often don’t qualify as eligible investments for their IRA accounts – purchasing appropriate silver will help maximize returns while protecting retirement savings.
Proof Silver Coins
Silver bullion coins and bars approved for investment by your IRA provide an ideal way to diversify your retirement portfolio and provide numerous advantages including tax-deferred or even tax-free growth, inflation protection, portfolio diversification and tangible value.
Eligible silver coins may be produced both domestically and overseas, meeting minimum fineness standards. Furthermore, coins must be certified by an IRA-approved grading service before being placed in mint packaging. Lastly, bars must meet exact weight specifications.
Popular IRA eligible silver coins include American Eagle silver bullion coins, Canadian Silver Maple Leaf coins, Mexican Libertad Coins and Austrian Philharmonic silver bullion coins as well as Australian Kookaburra coins. When searching for suitable metals dealers that work with custodians to store precious metals securely. Furthermore, commemorative and collector’s coins should not be purchased because these types of products do not qualify.