Precious Metals in Your IRA

Types of Precious Metals Allowed in IRA

  • As for IRA-approved coins, only gold coins that are legal tender with 0.9999% fineness are allowed in an IRA, with the exception of the American Gold Eagle, which has a fineness of 0.9167% fineness.
  • Other gold coins allowed to be put into an IRA include:
    • American Buffalo
    • Canadian Gold Maple Leaf
    • Australian Gold Nugget
    • Platinum Maple Leafs & non-proof coins are acceptable
    • The popular South African Krugerrand is not permitted to be included in an American IRA because it’s fineness is only 0.9167%.
  • The regulations that govern gold contributions to IRAs call for a minimum purity of only 0.995%, most gold bullion bars are 0.9999% pure.

Examples of IRA Precious Metals That Can Be Held

  • Gold
    • American Eagle coins
    • Australian Kangaroo/Nugget coins
    • Austrian Philharmonic coins
    • Canadian Maple Leaf coins
    • Credit Suisse – Pamp Suisse Bars .999
    • U.S. Buffalo Gold Uncirculated coins (no Proofs)
    • Bars and rounds manufactured by a NYMEX or COMEX approved refiner/assayer or national government mint and meeting minimum fineness requirements
  • Silver
    • American Eagle coins
    • Australian Kookaburra coins
    • Canadian Maple Leaf coins
    • Mexican Libertad coins
    • Bars and rounds manufactured by a NYMEX or COMEX approved refiner/assayer or national government mint and meeting minimum fineness requirements
  • All metals are currently stored at a metals storage depot.
  • All metals are insured against theft, errors, and natural disasters.
  • Metals are stored in a segregated vault and not commingled with other clients however we cannot guarantee the return of this exact coin if it is tracked as a generic “round”.

How Does it Work?

  • Open an account with uDirect IRA Services
  • Fund your account
  • Complete a “Direction Letter” directing us to purchase IRA precious metals
  • We have the metals purchased for your IRA
  • Precious metals, including IRA gold, are stored by the custodian
  • Fees – Set-up Fee $50, Annual Fee $275, See our Fee Schedule for Storage Fees

Attention:

uDirect IRA Services staff is working both from home and from our offices in response to COVID-19. Rest assured, we are fully operational and ready to help with your retirement needs.