What Type of Gold in an IRA?

What Coins Can Be Held in a Retirement Plan?

The United States government currently allows certain bullion and proof coins to be held in an IRA for retirement plans. The common phrase and most popular term for this is a Gold IRA . Here is the current list of acceptable precious metals for retirement accounts:

GOLD

• American Eagle coins (1)
• Austrailian Kangaroo/Nugget coins
• Austrian Philharmonic
• Canadian Maple Leaf coins
• Credit Suisse gold – PAMP Suisse gold Bars .999
• U.S. Buffalo Gold Uncirculated coins (No Proofs)
• Bars and rounds as referenced below (2)

SILVER

• American Eagle coins (1)
• Australian Kookaburra coins
• Austrian Philharmonic coins
• Canadian Maple Leaf coins
• Mexican Libertad coins
• Bars and rounds as referenced below (2)

PLATINUM

• American Eagle coins (1)
• Australian Koala coins
• Canadian Maple Leaf coins
• Isle of Man Noble coins
• Bars and rounds as referenced below (2)

PALLADIUM

• Bars and rounds as referenced below (2)

*(1) Coins, including the American Eagle, that have undergone “certification” (also known as “slabbed” coins) are not acceptable in retirement plans at this time

*(2) Bars and rounds produced by manufacturers accredited by Nymex/Comex, LME, LBMA, NYSE/Liffe/CBOT, and ISE-9000 or a national mint. The minimum finenesses for bars are:

Gold .995+
Silver. 999+
Platinum .9995+
Palladiunm .9995+

Proof coins undergo a specialized minting process that uses select dies. Lustrous coin blanks are fed manually into the presses where they are struck multiple times to ensure softly frosted, detailed coin images raised above a mirror-like background. Mint inspectors review each coin before deeming it a proof and place it in a protective plastic case. Proof American Eagles come in satin-lined velvet presentation cases with official U.S. Mint Certificates of Authenticity.

Proof coins typically have a limited mintage and their prices are determined by multiple factors including: mintage, rarity, condition, age, the price of the particular metal, and demand. The United States government issues a limited number of proof coins each year and certain years have been known to sell out quickly. Due to their numismatic significance, proof coins typically carry a premium over their metal content, or bullion value. Their values, which do move up and down in markets, may not be as volatile as their bullion counterparts.

Bullion coins can be thought of as common coins. Their values are dependent upon and tied closely to the spot price of gold, silver, or platinum.

* If you are considering precious metals in your retirement plan call 1-877-962-1133

Should I Transfer or Rollover my Retirement Plan?

Your first alternative is a "transfer." This is something you can do at any time with your existing IRA, as long as the assets go “from custodian to custodian.” In a direct transfer, the money flows directly from one IRA custodian to another. This means the distribution check from the old IRA custodian must be made out in the name of the trustee or custodian of the new Gold IRA account that receives the funds. Transfers may be made as often as you want. You can be assured that Regal Assets has organized hundreds of these types of transfers for our customers.

The second alternative is a "rollover." A rollover occurs when "you" receive the distribution from your existing retirement account and then turn around and deposit it in another retirement plan custodial account. In this case you would need to re-deposit the funds into the new retirement plan account within 60 days. If the 60 day time period is exceeded, you would be liable for taxes and penalties on the money withdrawn. You may roll over the same money only once every 12 months to preserve the tax-deferred status of your retirement savings.

* Set up your precious metal retirement plan today, call 1-877-962-1133