Why Invest on Proof American Eagle for Your IRA?
Are you planning to diversify your Individual Retirement Account (IRA) by using gold investments? As of writing, proof American Eagle coins are the only type of gold allowed by the US government for IRA transfer. True enough, Proof American Eagle IRA is one of the best investment opportunities today.
The proof American Eagle coin is the official gold bullion coin of USA. Because of its popularity, each coin can be considered a collector’s item. Production of these coins is also very limited for each time span. Hence, the demand for it is quite significant. There are even years when all of the issued coins are sold out shortly after they were produced.
These coins come in all the regular bullion sizes. You can also buy them in sets of two to four pieces, or three separate sizes. When delivered, these coins are enclosed in a velvet display case. You should also expect the official Certificate of Authenticity issued by the US Mint. It usually reiterates the government’s guarantee that what you have is the original coin. The weight, purity and content of the coin are also outlined.
According to Mladjenovic, it would be better if you focus on acquiring North American gold coins. Wherever you may be, you can easily find these coins. Inside the US, the American Eagle soars high. Outside the US, you can expect the Canadian Maple Leaf. Besides, if you want authenticity for your IRA, the US Mint can provide that to you. Stuppler even added that the Eagle coins can be used for different IRAs. Unlike other coins that are less likely to be used like the South African Krugerrand and the Austrian Philharmonic coins, the Eagle and the Maple Leaf are easier to sell.
Aside from the Eagle, the US Mint also produced the American Buffalo to face the challenge of the purer Maple Leaf. This 24-karat coin is the purest from US Mint, but because of its steep price, many do not even know what the American Buffalo is.
If you want to have Proof American Eagle IRA, here are some tips:
- Compare prices before closing your deal. Try using Kitco.com or Monex.com.
- Always go for the lowest prices. Stay away from gold bidding wars.
- Go for 1 ounce coins rather than the smaller ones since they have a bigger premium cost.
- Steer from rare coins that would be hard to resell.
- Be informed about your dealer’s policies.
- And finally, remember that there are real coins, and there are fakes.