IRA Approved

WHAT PRECIOUS METALS ARE ALLOWED In An IRA?

It is possible to be able to put different precious metals into your IRA account, as detailed in the table below, but you can’t put any type of precious metal into your account.  When purchasing please check with your provider before purchase (preferably in writing) that the metal provided IS eligible for your account.

There are strict guidelines as laid out by the Inland Revenue Service as to what precious metals can be used in an IRA and the purity level required for each metal. Below we have listed out for you what precious metals can be used, the purity level required for investment in an IRA, and therefore, what bullion and coins meet the required standard for investment.

GOLD ALLOWED	SILVER ALLOWED	PLATINUM & Palladuim ALLOWED
GOLD BULLION & COINS APPROVED BY IRS FOR INVESTMENT IN AN IRA MUST HAVE A PURITY LEVEL OF .995% OR HIGHER	SILVER BULLION & COINS APPROVED BY IRS FOR INVESTMENT IN AN IRA MUST HAVE A PURITY LEVEL OF .999% OR HIGHER	PLATINUM & PALLADIUM BULLION & COINS APPROVED BY IRS FOR INVESTMENT IN AN IRA MUST HAVE A PURITY LEVEL OF .995% OR HIGHER
AMERICAN GOLD EAGLE COINS AMERICAN GOLD BUFFALO COINS AUSTRALIAN GOLD KANGAROO/NUGGET COINS AUSTRIAN GOLD PHILHARMONIC COINS CANADIAN GOLD MAPLE LEAF COINS CREDIT SUISSE GOLD BARS JOHNSON MATTHEY GOLD BAR VALCAMBI GOLD COMBIBAR	AMERICAN SILVER EAGLE COINS AUSTRALIAN KOOKABURRA SILVER COINS AUSTRIAN PHILHARMONIC SILVER COINS CANADIAN SILVER MAPLE LEAF COINS MEXICAN SILVER LIBERTAD COINS JOHNSON MATTHEY SILVER BAR ROYAL CANADIAN MINT SILVER BAR	AMERICAN EAGLE PLATINUM BULLION COINS AUSTRALIAN KOALA PLATINUM COINS CANADIAN MAPLE LEAF PLATINUM COINS ISLE OF MAN PLATINUM NOBLE COINS CANADIAN PALLADIUM MAPLE LEAF COINS RUSSIAN BALLERINA PALLADIUM COINS BAIRD PALLADIUM BARS CREDIT SUISSE PALLADIUM BARS

With the number of suppliers and outlets, that provide gold by way of bullion or coins, it is vital that you know what is not allowed as part of your account. Although the list above outlines what is allowed, please be aware that collectible coins are not eligible, no matter what a dealer tells you.

You can, of course, buy collectible coins as a separate investment, hold on to them and sell them in the future when hopefully their value has increased, but you cannot under any circumstances add them to your IRA.

PRECIOUS METALS NOT ALLOWED IN AN IRA

Below we have listed the different bullion and coins that although popular are not eligible for your retirement account. If purchasing these coins, make sure you are doing so simply from a collectible view.

• Austrian Corona
• British Britannia coins
• Chilean 100 Peso
• Chinese Panda coins
• Dutch 10 Guilder
• Formula 1 Coins From Rosland Capital
• French 20 Franc
• French Napoleon coins
• Israel Tower of David coins
• Italian Lira coins
• Mexican 50 Peso
• Mexican Gold Peso coins
• Russia’s George the Victorious coins
• Somalia Elephant coins
• South African Krugerrand coins
• Swiss 20 Franc
• Switzerland Vreneli coins
• United Kingdom Sovereign coins
• U.S. Buffalo Proof coins
• U.S. Liberty coins
• USSR Chevronet coins.

IMPORTANT NOTE – This list is not exhaustive and therefore, when buying coins for your retirement account, only buy those listed at the top of this page in the section on coins that can be used.

The post IRA Approved appeared first on Precious Metals Investment Guide.

source http://www.preciousmetalsinvestmentguide.com/ira-approved/