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The Best Silver Coins For Investment In A Precious Metals IRA
Silver can often be overlooked as a means of investment within a precious metals IRA, with investors mostly investing in gold. But as was pointed out in a recent article we did on whether silver was a better investment than gold? it was stated that there are numerous times when silver is a better investment than gold, and when it comes to investing in a precious metals IRA, adding silver as well, can truly help in diversifying your IRA.
There are requirements, set out by the IRS when it comes to investing in a Silver IRA, and therefore there are only certain silver coins you can place within a precious metals IRA, and here in this article, we will look at the top five silver coins approved by the IRS for investment in an IRA.
American Silver Eagle Coin
The American Eagle Silver Coin is a silver bullion coin produced by the United States Mint. Authorized by the Bullion Coin Act of 1985, it was first minted in 1986. The coin is made from .999 fine silver and its weight and purity are guaranteed by the U.S. government. The American Eagle Silver Coin is available in three different sizes: 1 oz, ½ oz, and ¼ oz. Each coin has a face value of one dollar and is legal tender in the United States.
The obverse (front) of the coin features the “Walking Liberty” design by Adolph A. Weinman, which was originally used on the half-dollar coin between 1916 and 1947. The reverse (back) of the coin features a design of a heraldic eagle by John Mercanti.
The American Eagle Silver Coin is popular with investors and collectors due to its beauty, precious metal content, and government backing.
Canadian Maple Leaf Silver Coin
The Canadian Maple Leaf Silver Coin is one of the most popular and recognizable coins in the world. First introduced in 1979, the coin features an iconic maple leaf design on its face, which symbolizes Canada’s natural beauty and national pride. In addition to its aesthetic appeal, the silver coin is also prized for its exceptional quality. The 99.99% pure silver used to make each coin has been carefully refined and meticulously crafted, resulting in a product of unparalleled consistency and reliability. Furthermore, each coin comes with a warranty that certifies its weight and fineness. Whether you are a collector or simply looking for an investment piece, the Canadian Maple Leaf Silver Coin is a timeless treasure that is sure to satisfy your needs and expectations.
Australian Kookaburra Silver Coin
The Australian Kookaburra Silver Coin is a highly collectible coin minted by the prestigious Perth Mint in Australia. This beautiful coin is renowned for its stunning design and intricate artwork, capturing the essence of the iconic kookaburra bird in striking detail. The coin itself has a long and fascinating history, dating back to 1990 when it was first released as part of the Australian Silver Kookaburra Series.
Over the years, the design of the Kookaburra Silver Coin has evolved and changed in response to public feedback. In particular, there has been a tendency towards bolder imagery and increased use of color, which has helped to make it one of the most highly sought-after coins on the market today.
Due to its popularity and high collector value, the Australian Kookaburra Silver Coin is often considered to be an excellent investment opportunity. However, this does not overshadow its role as an item of cultural significance and national pride for Australians everywhere. Whether you are looking for an eye-catching gift, or simply want to indulge your love for all things Australian, this iconic coin is sure to delight anyone who gets their hands on one!
The smallest coin in this collection measures just 25 millimeters in diameter and weighs approximately 10 grams. This makes it a great choice for people who want to start a collection of silver coins but prefer smaller pieces. At the other end of the spectrum, the largest coin in the Australian Kookaburra Silver Coin series measures 45 millimeters in diameter and weighs an impressive 125 grams. With such a wide variety of options, collectors are sure to find exactly what they need when they purchase an Australian Kookaburra Silver Coin.
Austrian Philharmonic Silver Coin
The fourth coin on our list is the Austrian Philharmonic. The Austrian Philharmonic silver coin is a popular choice among collectors and investors for its both its beauty and its value. minted by the Austrian Mint, the Philharmonic is one of the most widely-circulated silver coins in Europe.
The coin was first introduced in 2008 and is available in both 1 oz and 1/2 oz sizes. The design of the coin is based on the world-renowned Vienna Philharmonic Orchestra and features an image of the orchestra on one side and the Musikverein, the concert hall where the orchestra performs, on the other.
The Philharmonic is made from .999 fine silver, making it one of the purest silver coins in circulation. It also has a legal tender value of €1.50 in Austria, making it an attractive option for those looking to invest in silver.
Whether you’re a fan of classical music or simply looking for a beautiful and valuable coin to add to your collection, the Austrian Philharmonic silver coin is an excellent choice.
Mexican Silver Libertad Coin
The fifth and final coin on our list is the Mexican Silver Libertad Coin. The Mexican Silver Libertad Coin is a highly sought-after collectible that traces its origins back to the early 20th century. This iconic coin features an intricate design that captures part of Mexico’s rich history and cultural heritage. The coin is crafted from 99% pure silver and showcases the archaeological site of Chichen Itza on the reverse side, along with the legend “Estados Unidos Mexicanos.” On the obverse side, it features a beautiful rendering of Winged Victory, which is traditionally associated with Mexico’s “El Dia de la Independencia” holiday. Additionally, each Silver Libertad is struck with a unique serial number and comes in a protective capsule for added security. Whether you are looking for an investment or simply enjoy collecting rare coins, the Mexican Silver Libertad Coin is sure to be an impressive addition to your collection.
The coin is available in a variety of weights and sizes, making it an affordable option for those looking to invest in silver. The most popular weights are 1 ounce and 2 ounces, but the coin is also available in 5 ounces, 10 ounces, and 20 ounces. The sizes of the coins vary depending on the weight, with the 1-ounce coin being 19mm in diameter and 2.58mm thick. The 5-ounce coin is 38mm in diameter and 3mm thick, while the 10-ounce coin is 50mm in diameter and 4mm thick. The 20-ounce coin is 65mm in diameter and 5mm thick. Regardless of weight or size, all Mexican Silver Libertad coins contain .999 fine silver.
In conclusion, there are numerous reasons why adding silver to your precious metals IRA can be beneficial when it comes to diversifying your investment portfolio, but these five coins stand out as being some of the top choices when it comes to investing in a Silver IRA.