IRA Approved Gold Coins and Bars

June 2, 2023
Written by Peter Anderson

Investing in gold is an age-old tradition. It's been around for centuries and many people are still turning to it as a way of protecting their wealth.

If you're looking to invest in gold, there's one important thing to know: not all gold coins or bars are equal. Some have special approval from the IRA that makes them superior investments.

In this article, we'll break down what defines IRA approved gold coins and bars so you can make informed decisions about your investment portfolio. 

Gold investing isn't just for the wealthy anymore - anyone with some extra cash on hand can look into purchasing gold coins or bars as part of an overall financial plan.

Before you head out shopping, though, be sure to do your research!

Not every coin or bar is created equal; if you want to get maximum return on your investment, then only choose those items which have specific approval from the IRA. 

Let’s take a closer look at exactly how these special pieces differ from other types of gold products available today.

Disclosure: Some of the links in this article are from sponsors. The list below is an honest review gathered from thorough research, experience, and consumer-based feedback. 

Before we get started with this review:

We understand that choosing a company to invest with is an extremely important financial choice; good news for you, we have done all the research and digging in this field for years.

That being said, through our rigorous review process, we have compiled a list of our 5 top gold investment companies for 2022.

>>>Click HERE to Read Our List of the Best Gold IRA Companies in 2023.<<<

Get a FREE Gold Investing Kit from our #1 recommendation by clicking below:

IRS Requirements for IRA-Eligible Gold

When it comes to investing in gold, the IRS has certain rules that you need to be aware of.

If you plan on using your IRA account for purchasing gold coins or bars, then there are some requirements that must be met before you can do so.

The most important requirement is the minimum fineness requirement which specifies that only gold coins and bars with a purity level of .995 (or higher) will be allowed as an investment within an IRA account.

Anything lower than this won’t qualify as IRA-approved gold.

Gold coins have their own set of regulations, too. Gold bullion coins such as American Eagles and Canadian Maple Leafs must meet specific criteria before they can be purchased through an IRA account.

You should also keep in mind that not all gold coins are eligible for purchase; those issued by foreign governments don't usually qualify for IRAs because they may not meet the minimal fineness requirement.

Collectible coins like commemoratives, numismatics, proof sets and more cannot be used when buying from an IRA account since these items tend to carry greater risk and could potentially cause losses if held in retirement accounts.

But what about gold bars?

Well, similar to how it works with gold coins, you'll need to make sure that any gold bar meets the minimum fineness requirements established by the IRS before being added into your IRA account. 

This means making sure that each bar contains at least 99.5% pure gold or higher - anything below this would disqualify them as qualified investments in an IRA portfolio.

So now you know what types of assets are required when it comes to investing in IRA approved gold – but do you need to check the requirements yourself?

Do You Have to Check the Requirements Yourself?

At first glance, it might seem easy to purchase IRA-approved gold coins and bars.

After all, what's the big difference between buying approved coins or bars over any other type?

Well, as I quickly learned when I started looking into buying gold through an IRA account, there are a few key differences you have to keep in mind.

First off, you can't just buy any old coin or bar that looks shiny and golden. It has to meet certain standards set by the IRS for precious metals investments like gold, silver and platinum.

That means no antique coins - they don't count!

And secondhand jewelry isn't acceptable either; only specific coins and bars made from those three metals are allowed in your IRA account.

It also pays to do a bit of research on which companies sell these types of products so that you're sure you're getting certified bullion from reputable sources.

Buying from someone who doesn't know anything about the product could end up costing more down the road if it turns out not to be authentic or eligible for an IRA investment.

Its always best practice to double check with whoever is running your custodial company/IRA provider before making any purchases as well since different providers may have additional requirements in place too!

So yeah, while it might take some extra time upfront researching where to get legit bullion and confirming everything meets approval standards set by both the government and your provider – trust me its worth it in the long run!

How Is Buying IRA-Eligible Gold Different From Other Gold?

When it comes to investing in gold, there are certain requirements you have to keep in mind. IRA-eligible gold is different from other types of gold investments because of the rules and regulations that come with them.

So if you're looking into investing in precious metals like gold bars or coins, then it's important to make sure they meet the criteria for an individual retirement account (IRA).

The main difference between regular gold investments and IRA-approved ones is that the latter needs to be approved by Internal Revenue Service (IRS) first before being purchased. 

This means that only specific gold products can be held within an IRA, such as IRA-eligible gold coins and bars.

It's also important to note that not all IRAs will accept these types of assets as part of their portfolio - so always check with your provider beforehand.

You should read up on any current requirements for buying an IRA-approved product before making a purchase.

For example, some companies may require additional paperwork or documentation when purchasing an eligible asset such as proof of ownership or tax information.

All these details must be taken into consideration when investing in these sorts of assets.

It's vital to understand the evolving and current requirements surrounding this type of investment so you don't end up wasting time and money on something that won't work out.

Doing your due diligence here can help ensure a successful experience down the road!

Evolving and Current Requirements

When it comes to investing in gold, there are certain requirements that must be met.

Self-directed IRAs and other retirement accounts allow for individuals to purchase a variety of metals including gold coins and bars as investments.

But each one has its own set of rules and regulations regarding what types of metals can be purchased and how much money you need to invest into them.

It’s important to know the current laws and regulations surrounding these investments so you don’t find yourself on the wrong side of the law when investing your hard earned cash into gold coins or bars.

The IRS currently approves only specific kinds of precious metals such as American Eagle gold coins and Gold Buffalo Coins.

You should take special care to ensure that any physical metal IRA investments meet those standards before going through with the purchase process.

Depending on which type of investment account you’re using, some brokers may require an additional fee or minimum amount per transaction.

When purchasing larger amounts or multiple items at once, this could add up quickly – so make sure you fully understand all associated costs before proceeding.

It pays off to read thoroughly about potential fees ahead of time rather than learning too late that you put more money out than expected!

The bottom line?

Investing in a self-directed IRA is a great way to diversify your portfolio but understanding the different requirements involved will help keep everything running smoothly - no surprises here! 

With that knowledge under your belt, let's take a look at why investing in a gold IRA over private ownership might just be worth it...

Why Invest in a Gold IRA Over Private Ownership?

Investing in gold is an exciting and rewarding experience, but it can be hard to decide whether you should purchase a Gold IRA or keep your precious metals private.

The truth is that both options have their benefits and drawbacks depending on individual retirement accounts (IRAs) and preferences.

One of the biggest advantages of investing in a Gold IRA over private ownership is that it provides more protection for your assets.

IRAs are regulated by the IRS, which means they cannot be seized during economic downturns like other investments.

There’s no worry about someone stealing them from you!

With a Precious Metals IRA, you don’t need to pay taxes on profits when you sell them - something that can really add up quickly if you make frequent trades.

The next big benefit of having a Gold IRA is access to all types of non-proof coins, such as American Eagles or Krugerrands.

These coins may not necessarily appreciate very much over time, but they provide diversification within your portfolio since each coin has its own distinct characteristics. 

You also get the added bonus of being able to buy gold bullion coins too – these come in various sizes including one ounce increments so you can customize your investment strategy accordingly.

Another reason why Investing in a Gold IRA might be better than privately owning precious metals comes down to liquidity:

An IRA allows for quick liquidation without any hassle whereas if you decided to stick with traditional holdings this could take months or even years before realizing any gains due to market conditions at the time.

Many investors report higher returns when using an IRA rather than holding onto physical gold because of their tax savings opportunities and access to different types of coins/bars available through these accounts.


Investing in gold coins and bars for an IRA is a smart move. 

By understanding the IRS requirements, you can make sure that the gold you buy will be eligible to hold within your retirement account.

It's worth it to take the time to research these regulations thoroughly before investing so that you can get the most out of your purchase.

My theory is that by doing research on what type of gold is approved for IRAs, you are setting yourself up for success with your investments.

Investing in something as reliable as gold can help ensure financial stability down the road when it comes time to retire. Don’t let confusion about rules and regulations stand between you and a secure future!

You can get a Complimentary Gold Investing Guide from the top gold investing company we recommend by clicking the button above. 

If you'd like a thorough review of the top 5 list, click here:

>>>Click HERE to Read Our List of the Best Gold IRA Companies in 2023.<<<