704.717.4848

In general, most IRA retirement plans allow an individual to place funds into precious metals along with other forms of investments.

There are specific guidelines and rules for the types of precious metals that can be placed into an IRA (see below).*

Gold

Fine gold coins or bars, fine meaning a minimum of .995 fineness as per CME gold contract specifications. This would include these coins (bars):

American Gold Eagle (all sizes)

  • American Gold Buffalo
  • Canadian Maple Leafs (all sizes)
  • Austrian Philharmonics (all sizes)
  • Gold bars issued by private or European mints, such as the Swiss PAMP or the Australian Perth Mint bars
  • Other government/private minted coins and bars

Silver

Fine silver coins or bars, fine meaning a minimum of .999 fineness as per CME silver contract specifications. This would include these coins (bars):

American Silver Eagle

  • Canadian Silver Maple Leaf
  • Austrian Philharmonic
  • Other government/private minted coins and bars provided the private mint meets ISO9001 standards.

Platinum/Palladium

The fineness of these metals must meet or exceed that which is required by a contract market. This fineness would be .9995 for both metals. Coins/bars available in these metals include:

American Platinum Eagle (all sizes)

  • Canadian Platinum Maple Leaf
  • Canadian Palladium Maple Leaf
  • Other government/private minted coins and bars provided the mint meets ISO9001 standards.

Coins Not Acceptable in an IRA:

  • 90% American silver coinage (pre 1965 silver dollars, half dollars, quarters and dimes)
  • 40% American silver coinage (Kennedy half dollars from 1965 through 1970)
  • Old US gold coins (1933 and older and anything newer that does not meet fineness requirements)
  • Certified coins
  • Mexican 50 Peso gold coins
  • 80% Canadian silver coinage (including sterling and 50%)
  • Krugerrands
  • Numismatic pieces (collector coins)

*The Taxpayer’s Relief Act of 1997 (Public Law 105-34-August 5, 1997) is the law which specifies these rules in Section 304 (a) through Section 304 (b). The IRS has further refined this in their IRS Code Section 408, dealing with IRA accounts in general. Section 408 (IRC) (3) (A) (i) lists these specifics for metals acceptable in an IRA plan: (all precious metals must be of a fineness acceptable for fulfilling a futures contract on an exchange as set forth in the Commodity and Exchange Act 7 USC 7)