IRA-Approved Silver Kangaroo Coins

To include these items in your Precious Metals IRA, you must first contact our IRA Department at (800) 418-0235. For more information, please visit our Precious Metals IRA page.

IRA-Approved Silver Kangaroo Coins

IRA-approved Silver Kangaroo coins are silver bullion coins that meet the Internal Revenue Service (IRS) standards in the United States for inclusion in an Individual Retirement Account (IRA). The Silver Kangaroo coin is minted by The Perth Mint and has been recognized as legal tender in Australia.

For inclusion in an IRA, silver coins must have a purity of .999 fine silver. Silver Kangaroo coins are made from one troy ounce of 99.9% pure silver. Additionally, these coins carry a legal tender value, though their market value reflects the current silver price.

Investors often opt for IRA-approved Silver Kangaroo coins to diversify their retirement savings and protect against inflation. Silver, a tangible asset, tends to maintain its value over time.

Precious Metals IRA

Precious Metals Individual Retirement Accounts (IRAs) offer an investment alternative to the conventional portfolio of stocks and bonds. These special IRAs allow for the inclusion of physical precious metals, notably silver, gold, platinum, and palladium, into retirement savings. These regulations stipulate specific purity standards for included metals (for instance, silver must be 99.9% pure) and mandate that these assets be stored in IRS-approved depositories.

Opting for a Precious Metals IRA entails unique considerations, such as potential fees for storage, insurance, and transactions, which are not typically part of traditional IRAs. The precious metals market exhibits volatility, presenting investors with risks and opportunities.

Benefits of Including Silver in Your IRA

Silver is prized in an IRA for several reasons. It acts as a hedge against inflation, maintaining its value as the purchasing power of fiat currencies wanes. Silver also contributes to portfolio diversification, offering protection as its market performance does not directly correlate with that of stocks and bonds. It stands as a resilient asset amidst geopolitical and economic fluctuations, safeguarding investors' wealth.

It's essential to seek advice from a financial advisor or tax professional experienced in retirement accounts to grasp the detailed rules, regulations, and tax consequences of including precious metals in an IRA.

Silver Kangaroo Coins

Australian Kangaroo Silver coins are renowned for their purity and beauty. Minted by The Perth Mint in Australia, these coins have gained international recognition among collectors and investors. They feature various designs of Australia's iconic kangaroo and are minted in pure silver, often with limited mintages that add to their collectability.

The first proof Silver Kangaroos were released in 1993. This release marked the beginning of a popular series of silver proof coins that are sought after by collectors worldwide. These coins feature various designs of Australia's iconic kangaroo and are minted in pure silver, often with limited mintages that add to their collectability.

The first bullion Perth Mint Silver Kangaroos were released in 2016. This launch began the mint's annual bullion coin program featuring the iconic Australian kangaroo. The Silver Kangaroo bullion coins are struck from 99.9% pure silver. They have been popular among investors and collectors for their quality, purity, and the mint's reputation for excellence in coin production. The 2016 release was significant as it introduced a new option for those looking to invest in silver bullion with the assurance of government backing and precise minting standards.

In addition to the standard and proof versions, The Perth Mint also releases special editions of the Silver Kangaroos Coins that feature color or gilding. These coins maintain the same designs but are enhanced with color applications or gold plating on certain elements, such as the kangaroo, to highlight the design's details and add visual appeal. These special editions are particularly popular among collectors looking for unique variations of the iconic coin.

The Perth Mint

It was founded in 1899 as a branch of Britain's Royal Mint. The Perth Mint was established to refine gold from the goldfields of Western Australia and tackle the region's shortage of gold coinage. It played a crucial role in producing gold sovereigns, the standard currency.

By 1931, the mint had become the sole manufacturer of Australian gold sovereigns and had begun issuing silver coins adorned with distinctive Australian motifs. This expansion marked its evolution beyond gold, embracing silver and other precious metals and later refining copper and nickel.

In the late 20th century, The Perth Mint underwent a significant transformation, modernizing its operations with cutting-edge technology to broaden its offerings to include bullion and commemorative coins. This period of innovation was highlighted in 1987 when it transitioned into a private entity under the ownership of Gold Corporation, a body of the Western Australian government.

Gaining international acclaim, The Perth Mint introduced iconic coin series such as the Australian Gold Nugget (now the Australian Gold Kangaroo), the Australian Silver Kookaburra, and the Australian Lunar Series in the late 1980s. These collections, celebrated for their quality and design, have captivated collectors and investors worldwide.

Accredited by the London Bullion Market Association (LBMA) and the Shanghai Gold Exchange (SGE), The Perth Mint is a prestigious entity in the global precious metals market. Today, it continues to command respect and interest globally, producing a diverse range of high-quality, collectible gold, silver, and other precious metal products.