What Types of Precious Metals Are Acceptable/Non-Acceptable?

Per IRS regulations, to qualify as IRA-allowable precious metals and be accepted by STRATA, the following minimum fineness requirements must be met:

  • Gold must be 99.5% pure, silver must be 99.9% pure, and platinum and palladium must both be 99.95% pure.
  • Bars, rounds, and coins must be produced by a refiner, assayer, or manufacturer that is accredited/certified by NYMEX, COMEX, NYSE/Liffe, LME, LBMA, LPPM, TOCOM, ISO 9000, or national government mint. Precious metals must also have the producer’s mint mark and meet minimum fineness requirements. 
  • Proof coins must be encapsulated in complete, original mint packaging, in excellent condition, and include the certificate of authenticity.
  • Small bullion bars (other than 400-ounce gold, 100-ounce gold, 1000-ounce silver; 50-ounce platinum, and 100-ounce palladium bars) must be manufactured to exact weight specifications.
  • Non-proof (bullion) coins must be in brilliant uncirculated condition and free from damage.

The following list contains examples of precious metals that cannot be held in an IRA.

- Any rare or collectible coin - Columbian Peso - LBMA Germania Mint 
- Austrian Corona and Ducat - Dutch Guilder - Mexican Peso and Onza
- Belgian Franc - French Franc - South African Krugerrand
- British Brittania (pre-2013) - German Mark - Swiss Franc
- British Sovereign - Hungarian Korona  
- Chilean Peso - Italian Lira  

To see examples of IRA-allowable gold, silver, platinum, and palladium coins and bullion, please visit Types Allowed, or for a more in-depth guide of acceptable/unacceptable precious metals visit our IRA Allowable Precious Metals page.