There are many types of gold coins available in the world with each one having its own set of interesting stories. ACCORDING TO RESEARCH ISSUED by the London Bullion Market Association in February 2021, analysts predict gold prices to average $1,973.8 per ounce in 2021, up 11.5 percent from what they were in 2020.
The addition of precious metals to an IRA account might possibly provide extra investment diversity for the owner.
However, precious metals investments in an IRA account are subject to very tight laws and regulations, and only a limited number of gold, silver, platinum, and palladium qualify for inclusion in an IRA account.
Gold bullion for inclusion in an IRA account must have a minimum fineness of .995 percent, with the exception of the AMERICAN GOLD EAGLE.
Let’s look at some of your options:
THE AMERICAN GOLD EAGLE
Because of its international appeal, the aforementioned American Eagle has become the king of all IRA-approved gold coins since its introduction in 1986.
The renowned design of the Eagle coins was DEVELOPED BY AUGUSTUS SAINT-GAUDENS , who was commissioned by President Theodore Roosevelt in 1904 to make America’s currency more appealing.
The American Eagle comes in four different sizes: 1 oz, 12 oz, 14 oz, and 1/10 oz, making it suitable for even the smallest IRA accounts. It’s probably best to choose the 1-oz coin if you want the most value for your cash.
THE CURRENT BID SELLING PRICE for a one-ounce American Gold Eagle coin is $1860.60, while the current ask purchasing price is $1,932.60.
1 oz American Gold Buffalo Coin
The United States Mint issued American Gold Buffalo coins to compete with bullion pieces minted in 24-karat gold from other sovereign mints.
At $50 each face value, they’re considerably easier on your wallet than an American Gold Eagle. Other key facts include:
- Available as a IRA approved coin since 2006
- There is 1 ounce of .9999 pure gold in this piece.
- The design is based on the original Indian Head (or Buffalo) Nickel.
- James Earle Fraser made the images seen on the coin.
1 oz Canadian Gold Maple Leaf Coin
Because of its regular, yearly releases and ever-improving quality, the Royal Canadian Mint’s Canadian Gold Maple Leaf Coin program has been a cornerstone in gold collections for almost three decades.
These Random Year 1 oz Canadian Gold Maple Leaf Coins provide investors and collectors with a cost-effective opportunity to diversify their precious metals portfolios with gold coins from a well-known coin program.
CURRENT PRICES start at the $1,900 mark.
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The Austrian Gold Philharmonic 1 oz coin
One of the most popular gold coins in the world is the Austrian Gold Philharmonic. Only a few gold coins have survived as long as the Austrian Mint’s Gold Philharmonic, which was issued in 1989
When the Gold Philharmonic originally came out, it was only available in 1 oz gold and 1/4 oz gold, but the Austrian Mint has now expanded the range of this gorgeous coin.
The Great Pipe Organ in Vienna’s Golden Hall IS DEPICTED on the face of the coin and this IRA approved investment IS PRICED FROM 1,700 UPWARDS
Conclusion
The IRA Approved Gold Coins are designed to meet the highest standards for investment-grade gold coins. The IRA Approved Gold Coins ensure that you can trust your investments and that they will hold their value over time.
The suggestions above will put you on the right path of choosing your first or your next IRA approved gold coin.