IRA-Approved Proof Silver American Eagle Coins

To include these items in your Precious Metals IRA, you must first contact our IRA Department at (800) 418-0235. Find more information about creating or investing in your Precious Metals IRA.

The American Eagle Silver Proof Coin is a popular investment piece by the United States Mint. This series was launched in 1986, featuring a beautifully designed silver coin made from .999 fine silver. The coins are available in both bullion and proof finishes.

Proof coins are particularly desirable due to their exceptional finish and detail. They are created using a unique minting process that involves manually feeding polished coin blanks into presses fitted with special dies. The coin is struck multiple times to produce sharp, intricately detailed images. The proof coins have a frosted, sculpted foreground set against a mirror-like field, adding to their attractiveness.

The obverse side of the Silver American Eagle coin features Adolph A. Weinman's iconic full-length figure of Lady Liberty in full stride, enveloped in folds of the flag, with her right hand extended and branches of laurel and oak on her left. The reverse side depicts a heraldic eagle with a shield, an olive branch in the right talon, and arrows in the left.

IRA-Approved Silver Proofs

Individual Retirement Account (IRA) approved coins, like the Silver American Eagle Proof coins, are eligible to be included as part of an individual's retirement account. The IRS (Internal Revenue Service) has specific requirements for precious metals, including silver, to be included in an IRA. For silver, it needs to be in the form of a coin or bar of minimum .999 fineness. Therefore, Proof Silver American Eagles meet the fineness requirement to be included in a precious metal IRA.

However, not all proof coins are allowed in an IRA. For example, proof versions of the American Silver Eagle (video) that come directly from the U.S. Mint do not qualify for inclusion in an IRA. The proof coins need to be stored at an approved depository. It is advisable to consult with a financial advisor or precious metals IRA specialist to understand the specifics before investing.

About Precious Metals IRAs (Individual Retirement Accounts)

A Precious Metals IRA, sometimes called a Gold IRA, is a type of Individual Retirement Account (IRA) in which physical precious metals are held in custody for the benefit of the IRA account owner. It functions like a regular IRA, but instead of holding paper assets, it holds physical bullion coins or bars.

Typical precious metals in such an IRA include gold, silver, platinum, and palladium, all of which must meet specific fineness requirements. In the case of gold, for example, it must be at least .995 fine, and silver must be at least .999 fine. The IRS determines the specific precious metals allowed in a Precious Metals IRA.

The precious metals in your IRA must be stored in a third-party depository approved by the IRS. You cannot take possession of the metals yourself, which could lead to a disallowed transaction.