IRA-Approved Silver Libertad Coins

To include these items in your Precious Metals IRA, you must first contact our IRA Department at (800) 418-0235. Need more information on setting up a Precious Metals IRA?

The Mexican Silver Libertad is a bullion coin that is produced by the Mexican Mint (La Casa de Moneda de México). The coin is highly sought after by collectors and investors due to its design, silver content, and limited production quantities.

The obverse features the National Shield with the Mexican Eagle atop a cactus, clutching a serpent in its beak and talon — a symbol from the ancient Aztec legend about the founding of Tenochtitlan, Mexico's ancient capital. The reverse side features a sculpture of Winged Victoria (the Angel of Independence), a symbol of victory and freedom, with the volcanic mountains of Popocatépetl and Iztaccíhuatl in the background.

IRS Requirements for Precious Metals IRAs

The Internal Revenue Service (IRS) has specific rules about what kind of precious metals can be included in a Precious Metals IRA. Tax laws change often, so consult a tax professional or financial advisor for up-to-date information.

Here is some general information,

Acceptable Precious Metals

The IRS only allows certain types of bullion and coins in a Precious Metals IRA. This includes gold, silver, platinum, and palladium. Gold must be 24 karat (or 99.5% pure), while silver must be 99.9% pure. There are also specific acceptable types of coins, including certain American Eagle coins, Canadian Maple Leafs, and others.

Storage Requirements

The IRS requires that precious metals in an IRA be stored in a qualified depository. You cannot keep them in a safe deposit box, at home, or in a non-approved storage facility. The depository should be a bank, a federally insured credit union, a savings and loan association, or an entity approved by the IRS to act as a trustee or custodian.

Purchase and Handling

A custodian or trustee must handle all purchases of precious metals for an IRA. The owner of the IRA cannot directly handle the purchase, selling, or transferring of the metals.

You will also want to consider contribution limits, prohibited transactions, how the silver will be stored, rollover requirements, and minimum distributions needed as you set up your IRA. Also note that the value of your silver may fluctuate due to many factors including the current spot silver price.

About the Mexican Mint

The Mexican Mint, also known as La Casa de Moneda de México, is the national mint of Mexico and the oldest mint in the Americas. It was established by the Spanish viceroy Antonio de Mendoza on May 11, 1535, under the authority of the Spanish Crown.

Since its founding, the Mexican Mint has played a significant role in Mexico's economic development and contributed to the country's cultural heritage. For centuries, it was responsible for producing coinage that was used throughout the Spanish Empire.

The Mexican Mint produces a variety of coins, both for circulation and for collectors. One of the most famous coins is the Mexican Silver Libertad.