New investor entrants into the physical precious metals market are often unaware that you can buy and hold approved Silver Bullion products within a Silver IRA.
Here we cover the rules regarding which silver bullion products are Silver IRA investment approved.
Learn which silver coins and what kind of silver bars get excluded from being allowed for Silver IRA holdings by the IRS.
Owning a prudent silver bullion allocation within an IRA account makes mathematical long term sense living under a full fiat currency monetary regime. Silver IRA investments can also simultaneously offer an investor both proven wealth protection and growth opportunities.
But there are some strict rules and regulations by the IRS regarding precious metals investments with an IRA account.
There are only certain silver bullion products that are eligible for inclusion within an IRA account. Here we will outline the available products. As well we will document on a separate blog post which silver bullion products quality as IRA Approved Silver investments.
IRA Approved Silver Bullion
According to IRS Silver IRA requirements:
Your IRA can invest in one, one-half, one-quarter, or one-tenth ounce U.S. gold coins, or one-ounce silver coins minted by the Treasury Department. It can also invest in certain platinum coins and certain gold, silver, palladium, and platinum bullion.
The US Mint produces the world's most in-demand 1 oz American Silver Eagle Coin. These approved Silver IRA coins are also the number one choice for Silver IRA investors looking to acquire some silver bullion in their IRA for the long term.
The following video about the 1 oz Silver American Eagle Coin gives you a closer look at its design, packaging, and reasons for being the most sought after silver bullion coin for Silver IRAs.
Non-Silver IRA Approved Silver Coin Examples
Examples of non-Silver IRA approved silver coin products include pre-1964 junk silver coins and 1 oz Silver Krugerrand Coins produced by the South African Mint.
IRA Approved Silver Coins
IRA approved silver coins can also be produced by other national government silver bullion coin mints outside of the US Mint, so long as they meet minimum silver fineness requirements and derivative market exchange standards.
An easy example of this would be silver bullion coins produced by the Royal Canadian Mint, Perth Mint, or Austrian Mint.
Be careful here regarding Silver IRA Approved Silver Coins
There is a relatively new trend in the silver bullion industry in which poor business practicing silver dealers sell low mintage government silver coins at exorbitant price premiums above the fluctuating silver spot price. A typical bid-ask spread for an ounce of IRA Approved Silver Coins should not be more than around 10% when buying and immediately selling five figures or more of competitively priced Silver IRA approved coins. Avoid anyone who suggests exorbitant silver coin collector bid price premiums in the future for your Silver IRAs due to exclusive silver coin products and low mintages. Stick with more common Silver IRA Coins and Silver IRA Bar/Round Hallmarks.
The following is a short list of typical IRA Approved Silver Coins we both buy and sell here at SD Bullion.
- American Silver Eagle coins
- Austrian Silver Philharmonic coins
- Australian Perth Mint Silver coins
- British Silver Britannia coins
- Canadian Silver Maple Leaf coins
- Chinese Silver Panda coins
IRA Approved Silver Bars & IRA Approved Silver Rounds
IRA Approved silver bullion bars, and silver rounds are typically COMEX, and LBMA approved silver bars produced by diligent silver refineries ensuring their .999 fine silver bar content is conflict-free and adequately sourced.
As well IRA Approved Silver Round and Silver Bullion Bar refiners typically have attained ISO 9000 quality management system standards designed to organizations ensure that they meet the needs of customers and other stakeholders while meeting statutory and regulatory requirements related in making IRA Approved Silver Bullion products.
Currently, the typical bid-ask spreads for an ounce of IRA Approved Silver Bullion Bars should not be more than around 5 to 7% when buying and immediately selling five figures or more of silver IRA approved silver bullion bars. Premiums do fluctuate and are subject to market volatility.
The following is a shortlist of standard IRA Approved Silver Coins we both buy and sell here at SD Bullion.
Find out more about Silver IRAs here at SD Bullion.
Learn how Silver IRAs can offer investors both bankruptcy and lawsuit protection within many US states.
For individuals looking to utilize both tax-deferred and often retirement savings legal protection, Bullion IRAs are an excellent option.
Our friendly staff is here to help you with any complicated or straightforward Silver IRA related questions you might have.
Including proper Silver IRA custodian, due diligence steps one can take to ensure choosing the best Silver IRA custodians available.
Thank you for visiting us here at SD Bullion.