subject: Silver In Iras [print this page] The self directed IRA is a great investing tool. It allows investors the ability to choose to have a diverse portfolio. Diverse portfolios are a good benefit because when one market is going down another will be going up.
It also allows a diverse portfolio because of the many investing options in a self directed IRA. It offers traditional things like stocks and bonds. It also has things like real estate and precious metals.
Investing in precious metals can be considered safe investing. This is because these metals have carried their value through out time. Things like stocks go up and down in their value.
There are specific requirements when investing in precious metals in a self directed IRA. One is that the precious metals are gold, silver, palladium, or platinum. Each metal has a purity level that must be reached in order to qualify as an IRA investment.
Congress and the IRS have distinguished certain coins as being an investment in the IRA. Some coins are minted in the United States and others are from other countries. One coin from the United States is the American Silver Eagle.
This coin is valued at one dollar. The American Silver Eagle coin has one troy ouce of silver in it. It is technically a bullion coin, which means that the value is in the weight of the metal not face value.
There is a proof version of the American Silver Eagle for coin collectors, but it does not qualify as an IRA investment. Only the bullion American Silver Eagle qualifies. The proof version will have a letter on it showing where it was minted.
Adolph A. Weinman and John Mercanti designed the coin. Weinman designed the walking Lady Liberty towards the sun. The other side was designed by Mercanti and has an eagle hold an olive branch and arrows in its talons behind a shield.
