The tax law clearly specifies certain currencies that can be held in an IRA. US one-, half-, quarter- and tenth-ounce gold coins and one ounce silver coins made by the USA are allowed. UU. These are American Eagle gold and silver coins.
Coins are also generally considered collectible and are therefore prohibited as an investment within your IRA. However, there are some exceptions that will allow you to purchase certain coins within your IRA, such as certain gold and silver coins minted by the United States Treasury after 1985 (American Gold Eagle and Silver Eagle coins). According to IRS Publication 590, your IRA can invest in one-, half-, quarter-, or one-tenth of an ounce gold coins of US, US gold or one-ounce silver coins minted by the Department of the Treasury. There is also an exception for coins issued by any state.
Your IRA can also invest in certain platinum coins and certain gold, silver, palladium and platinum bars. All of your IRAs can invest in currencies such as your traditional IRAs, SEP, SIMPLE and Roth. If you invest your IRA money in coins or bullion, keep in mind that it must be kept by your IRA custodian and not by you personally. In other words, you can't have your IRA buy coins or bars and then put them in your safe deposit box or hide them under your mattress.
