If you have a Gold IRA account or are looking to establish one, it is important to know the rules around this type of investment. Only specific IRS-approved gold money coins are eligible for Gold IRAs. Getting the right advice about which gold coins you should buy is paramount when making a sound investment.
Eligible Coins
Eligible gold coins include 1, 1/2, 1/4, or 1/10 ounce U.S. Gold. There is also a select list of foreign money coins available to buy that meet the requirements of the IRS. The Gold American Eagle coin is an example of a popular eligible coin. The 2017 version contains a full troy ounce of pure gold. It features a bald eagle carrying an olive branch back to his nest whilst his mate waits with their chicks.
Where To Find Gold IRA Standard Coins
It is important to find a reputable marketplace when buying gold coins. Look for a company that offers full transparency to investors. It is important to be able to access live online product pricing. You should consider a company that offers a free buy-back policy. A great gold company will be able to advise which gold coins and other precious metal products meet Gold IRA standards. Look for members of ICTA (Industry Council for Tangible Assets) on issues of taxation, IRS regulations, and legislation that impacts all tangible assets.
