What Precious metals can be purchased
Only gold coins that are legal tender with 0.9999 fineness are allowed in an IRA, with the exception of the American Gold Eagle, which has a fineness of 0.9167% fineness. Other gold coins allowed to be put into an IRA include the American Buffalo, Canadian Gold Maple Leaf, and Australian Gold Nugget. The popular South African Krugerrand is not permitted to be included in an American IRA because it's fineness is only 0.9167%
The regulations that govern gold contributions to IRAs call for a minimum purity of only 0.995%, most gold bullion bars are 0.9999% pure.
Below is a list of precious metals that are acceptable for being held in a IRA account:
Gold
- American Eagle coins¹
- Australian Kangaroo/Nugget coins
- Austrian Philharmonic coins
- Canadian Maple Leaf coins
- Credit Suisse - Pamp Suisse Bars .999
- U.S. Buffalo Gold Uncirculated coins (no Proofs)
- Bars and rounds manufactured by a NYMEX or COMEX approved refiner/assayer or national government mint and meeting minimum fineness requirements²
Silver
- American Eagle coins¹
- Australian Kookaburra coins
- Canadian Maple Leaf coins
- Mexican Libertad coins
- Bars and rounds manufactured by a NYMEX or COMEX approved refiner/assayer or national government mint and meeting minimum fineness requirements²
Platinum
- American Eagle coins¹
- Australian Koala coins
- Canadian Maple Leaf coins
- Isle of Man Noble coins
- Bars and rounds manufactured by a NYMEX or COMEX approved refiner/assayer or national government mint and meeting minimum fineness requirements²
Palladium
- Bars and rounds manufactured by a NYMEX or COMEX approved refiner/assayer or national government mint and meeting minimum fineness requirements²
Minimum Fineness Required:
- Gold .995
- Silver .999
- Platinum .9995
- Palladium .9995
Examples of unacceptable precious metals products |
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Austrian Corona and Ducat
Belgian Franc
British Sovereign and Britannia
Chilean Peso
Columbian Peso |
Dutch Guilder
French Franc
German Mark
Hungarian Korona
Italian Lira |
Mexican Peso and Ounza
South African Krugerrand
Swiss Franc
Rare/Collectable Coins |
¹"Slabbed" coins are not permissibale.
²Gold, Silver, Platinum, & Palladium bars must be fabricated by NYMEX or COMEX approved refiners or national government mint.
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