Silver IRA-Eligible Coins

Any design or variety of coin from any mint can be included in an IRA – provided it meets purity content requirements. For silver, that means it needs to be 99.9% pure; for gold, 99.5%; and platinum and palladium must be 99.95% pure.

Once you have your silver IRA set up (we can assist you with that if you have questions), you’ll need to appoint a custodian and then work with a dealer (such as Birch Gold) to identify high quality metals to transfer into your account. Only silver with a purity of 99.9% will be accepted. Your precious metals will be stored in a secure facility of your choosing.

Silver is classified as a collectible by the IRS, meaning long-term capital gains on its sale are subject to a maximum tax rate of 28%. However, if you purchase silver within a precious metals IRA, you can defer or even eliminate taxes on gains. In a Traditional IRA, taxes are deferred until withdrawal, at which point distributions are taxed as ordinary income rather than capital gains. In a Roth IRA, qualified withdrawals — including any gains — are completely tax-free.