Many investors ask what types of precious metals are IRS approved for Gold IRAs. The IRS allows certain coins and bars in gold, silver, platinum, and palladium when they meet clear purity rules and come from approved mints or refiners.
In this guide, you’ll see which metals qualify, how to check them quickly, and how to avoid items that do not meet the rules.
Understanding What Types of Precious Metals Are IRS Approved
First, the IRS approves metals that meet exact purity marks and come from trusted producers. Therefore, learn each metal’s minimum purity so you can choose with confidence and stay compliant.
IRS-Approved Gold: Rules, Examples, and Quick Checks
Gold anchors many self-directed IRAs. Typically, IRA gold must be .995 fine or higher. However, the American Gold Eagle is a special case at .9167 and still allowed. So, pick bars or coins that meet these marks from known refiners and sovereign mints.
- Choose gold bars stamped .995 or higher from approved refiners.
- For example, American Gold Eagle (allowed), American Gold Buffalo, and Canadian Maple Leaf.
- Proof coins can qualify when kept in original mint packaging.
IRS-Approved Silver: Pure, Liquid, and Cost-Effective
Silver must be .999 pure to count as an IRS-approved precious metal. Because silver offers lower unit prices, many investors add it for balance and easy selling later.
- Pick .999 fine bars from approved refiners.
- Consider sovereign coins such as the American Silver Eagle and Canadian Maple Leaf.
Platinum and Palladium: What Types of Precious Metals Are IRS Approved Beyond Gold
In addition to gold and silver, platinum and palladium also qualify. Both must be .9995 pure and produced by approved refiners or mints. As a result, these metals can broaden your mix because their demand drivers differ from gold.
- Use .9995 fine bars with clear refinery marks.
- Look for eligible sovereign bullion coins where available.
Metals Not on the IRS-Approved List
However, some products do not qualify. The IRS bars collectibles, rare coins, and uncertified bullion. If you place these into an IRA, you could face taxes and penalties. Therefore, always confirm eligibility before you fund the account.
- Numismatics and most commemoratives.
- Unstamped or uncertified bars and rounds.
- Any “home storage” claim that puts IRA metal at your house.
How to Verify What Types of Precious Metals Are IRS Approved
To verify quickly, check three things: purity stamp, producer, and custodian acceptance. Then, ask your dealer for a simple note that confirms eligibility. Finally, keep your trade slips with your custodian statements for clean records.
- Confirm purity marks on each coin or bar.
- Make sure the mint or refinery is on an approved list (e.g., LBMA/COMEX).
- Get written confirmation before you fund the purchase.
Need More Detail on IRS-Approved Metals?
For a deeper look, see IRA-Approved Precious Metals. It reinforces what types of precious metals are IRS approved for Gold IRAs and lists common examples.
Have more questions about storage, fees, or rollovers? Visit the Expanded Gold IRA FAQ for clear answers and quick checklists.
IRS-Approved Metals FAQs
Are American Gold Eagles IRS approved even though they are below .995?
Yes. The American Gold Eagle is a written exception. It is .9167 fine yet still allowed for IRAs.
Can collectible coins qualify as IRS-approved metals?
No. Collectibles and rare issues do not qualify. Stick with bullion bars and coins that meet purity rules.
How can I check if a product meets IRS rules?
Ask your dealer for a short note that lists purity, mint, and approval. Then confirm with your IRA custodian before you buy.
Next step: Compare items on your shortlist against these simple rules before you fund the account.
Then review IRA-Approved Precious Metals for more examples and quick checks.