Whether you’re hoping to include gold and silver coins in a self-directed IRA or plan to take physical possession of the metals in your home or at your bank, knowing the specific qualities of each precious metals asset can help you decide which products to obtain.
For example, if you’re interested in having gold, silver, platinum, or palladium coins included in your IRA, the metals must meet certain IRS requirements. IRA-eligible precious metals assets have to be produced by a national government mint or an accredited refiner, assayer, or manufacturer, and in most cases, they must also meet specific composition requirements. A fineness of at least 0.995 is required for most gold items, for instance, and silver assets must have a 0.999 fineness.
Gold American Buffalo coins and Silver Australian Kookaburra coins are two more examples of coins that can be held in a self-directed IRA. Gold, Silver, Platinum, and Palladium Canadian Maple Leaf coins and precious metals bars with the required fineness level are also eligible.
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Gold American Eagle bullion and proof coins are the only gold coins that are an exception to the purity guidelines; they have a fineness of 0.9167.
Precious metals that will be held in an IRA are also required, per government regulations, to be stored at an IRS-approved depository.
Once selection is complete, purchasing precious metals can be an “easy process” according to Al B., a client of precious metals distributor U.S. Money Reserve.
“[I] placed my order with [U.S.] Money Reserve and about a week later received my gold,” Al says in one of the U.S. Money Reserve reviews shared on the Better Business Bureau website. “The representative was extremely knowledgeable and helpful, not pushy and wasting time trying to sell me something I did not want.”
Another U.S. Money Reserve client, Ron K., praises the quality of the assets he received.
“The coins were even better than described,” Ron says in a U.S. Money Reserve review on Google. “The price was amazing, and I would definitely recommend U.S. Money Reserve to anyone.”
Additional Factors
Other qualities can also be a consideration when choosing precious metals assets, based on your personal preferences and budget.
Coins, for example, are available in many different sizes and display a wide variety of designs and finishes you might find appealing. Some are intended only for inclusion in portfolios while others were also created as commemoratives to celebrate a specific event, according to The Royal Mint.
The Royal Mint also says that a coin with a very limited production run, or mintage, may be considered rare and may thus experience heightened demand — allowing it to command higher prices on the secondary market.
Because the market price of certain gold or silver assets can be so impressive, some Americans may believe that precious metals is an asset class only available to those wanting to allocate large sums of money. Not so, says U.S. Money Reserve client Tom R.
Tom, in one of the U.S. Money Reserve reviews shared on the Better Business Bureau website, says that based on his experience, he now recommends the company’s services to other people.
“I have contacted other [precious] metals suppliers but was disappointed to find out they are only interested in large, high-dollar investors,” Tom says. “As a small-time investor, [I was] made [to] feel just as important as the big investors.”
In another one of the U.S. Money Reserve reviews on the Better Business Bureau website, Eric L. says he reached out to the company because he was interested in learning about precious metals.
“[The Account Executive] explained how gold and silver would help anchor my portfolio against the [ups] and downs of the stock market and retirement savings plans,” Eric says. “I appreciate his answers to many questions and the helpful information sent to my home and emails. A good relationship with [U.S.] Money Reserve netted my first purchase, and [I’m] now considering another.”
Brooks B. says working with a representative from the company has been a pleasure.
“He has taken the time to explain everything to me in detail and is always there for me in every way,” Brooks says in one of the U.S. Money Reserve reviews shared on Google. “Any question will be answered in a prudent manner, and graciously as well. I can’t thank him enough for all he has done on my behalf. [U.S. Money Reserve is] a wonderful company that I recommend most highly!”
In addition to helping portfolio holders obtain precious metals coins, U.S. Money Reserve also offers assistance for those looking to liquidate some of their gold and silver assets.
“I have had nothing but professional interactions with any and all agents that I have dealt with at U.S. Money Reserve,” Dan K., one of the company’s clients, says in a Better Business Bureau review. “When I need to sell my assets, I have worked with [my Account Executive], tracking the process [involved] in obtaining my money, and she is a joy to work with. Overall, I am very pleased with my experience.”
Other U.S. Money Reserve clients have mentioned the company’s buyback commitment, which allows customers to return qualifying certified coins within 30 days of purchase.
“I love ownership of gold,” Dountray D. says in one of the U.S. Money Reserve reviews available via Google. “And I appreciate that they’ll [buy] it back.”
Robert E., in a U.S. Money Reserve review shared on the Better Business Bureau website, thanks the company for its assistance with his IRA.
“Having someone watch over what is going on and helping me diversify my portfolio is priceless,” Robert says. “The help I received in…setting up my precious metals [IRA] was handled well, and [it] makes me sleep comfortably knowing I was able to lock in my life savings.”
To find out more about precious metals coins and other assets — including U.S. Money Reserve’s current inventory of government-issued gold and silver coins and bars, as well as their certified and exclusive coins — you can visit U.S. Money Reserve’s website or call 833-845-1748 to speak to one of the company’s U.S.-based Account Executives.
