If you’re looking to add gold to your precious metals IRA, you’ll need to purchase gold coins that meet the IRS requirements to do so. That means you’ll need gold coins that are 99.5% pure.
Fortunately, we have several brilliant gold coins that fit the bill, giving you multiple options to secure your retirement savings with.
The Britannia Gold Coins, for instance, have proved their value to investors again and again owing to the striking figure of Britannia protecting the shores of Britain and the enduring presence of the UK’s Royal Mint. Or consider the American Gold Buffalo coin, a 24-karat homage to U.S. history, or our exclusive Liberty and Britannia coin. Gold coins are always a favorite to add to IRAs.
Only gold that is 99.5% pure or higher can be held in a precious metals IRA, according to IRS regulations.
You’ll need to work with a custodian who can handle arranging the purchase and transfer of physical gold to your depository. The IRS prohibits storing gold for an IRA at home.
Generally speaking, you’ll need to purchase only precious metals meeting certain purity requirements – being 99.5% for gold and 99.9% for silver. You’ll also need to establish a custodian and choose a depository to store your precious metals. Apart from that, you’ll need to adhere to contribution limits ($7,000 a year for those under 50 and $8,000 a year for those over 50). You won’t be able to withdraw from the account until you’re 59 and a half (as of 2024).