IRA Eligible Silver

IRA: Investing in Silver – Buy or Sell your IRA Investment Silver at Vermillion Enterprises

Vermillion Enterprises understands not everyone is a Numismatic (Coin) Collector or Safe Haven Precious Metal Holder. Some are looking for IRA investments. If you’re looking for IRA Eligible Silver, Vermillion Enterprises has a wide variety of Silver to choose from. First, let’s discuss how Silver falls into an IRA.

IRA ELIGIBLE SILVER

A Silver IRA is a special type of retirement account that allows you to invest in eligible precious metals. The rules are the same as those for any other IRA. Except you can add silver and other precious metals to your account. Whereas regular IRA’s focus on stocks and other paper assets.

We are precious metal specialists. However, we are not IRA specialists. Therefore, we do request that you check with an IRA specialist PRIOR to making any purchases for IRA investments. Be all in on your investment.

Precious Metals IRA is a Self-Directed IRA

A self-directed individual retirement account (SDIRA) is a type of IRA that can hold a variety of secondary investments. Normally prohibited from regular IRAs. Regulated by a custodian or trustee. Yet, directly managed by the account holder. Hence, self-directed.

Available as a traditional IRA. Which you make tax-deductible contributions. Or a Roth IRA. Which you take tax-free distributions.

The benefit of a Self-Directed IRA is that you can invest in what you know. Your Self-Directed IRA account can buy:

• Precious metals
• Real estate notes
• Limited partnerships
• Commercial paper
• As well as many other types of assets.

The IRA Custodian maintains and updates all documentation relating to your IRA. Thus, taking the bull out of your bullion investment.

Typically, you will need to already have an IRA Custodian and Precious Metals Account PRIOR to purchasing. However, please check with your IRA Custodian for exact rules and regulations.

Common Questions Regarding IRA Eligible Precious Metals:

Q: How do I open a Self-Directed IRA (SDIRA)?

A: With most IRA providers, you can only open a regular IRA (traditional or Roth). Thus, only able to invest in the usual suspects: stocks, bonds, and mutual funds/ETFs. If you want to open a self-directed IRA, you’ll need a qualified IRA custodian that specializes in that type of account. Not every SDIRA custodian offers the same range of investments. i.e. Silver Bullion may not be in a custodian’s offerings. But a little digging for a Silver Custodian could be rewarding.

Additionally, they may be able to roll your current IRA or 401k into a Precious Metals IRA Fund. In turn, used to purchase precious metals. Again, you’ll need to speak to a custodian regarding this first.

Q: Do you have a Precious Metals Custodian you recommend?

A: Unfortunately we do not have any recommendations. However, please see links below for Custodians widely known and respected.

1. Raymond James Financial
   • • Raymond James & Associates
2. J.P. Morgan Securities
3. Merrill, Lynch, Pierce, Fenner & Smith, Inc.

Q: What do you recommend for my SDIRA?

A: It is our recommendation that any investor looking to diversify their portfolio should include physical metals. As well as other assets. Most precious metals investors suggest reaching approximately 10% of your net worth in physical vehicles such as precious metals.

Q: Can I put any kind of Silver in my IRA?

A: It is possible to put Silver in an IRA. However, IRAs do not accept all types of silver. The IRS has certain requirements for any type of silver you wish to include in your IRA.

So what does it look like to hold SILVER in a self-directed IRA?

First of all, there are three “types” of precious metals:

Bullion: The value of silver bullion is based solely on the metal content of the coin, bar, or round.

Semi-numismatic: The value of semi-numismatic coins is based both on the content value of the metal, as well as the potential collectible value of the coin.

Numismatic: Numismatic silver coins are valued primarily for their rarity, collectability, and mint date, rather than for their metal content.

Bullion primarily funds a Precious metals IRA. Including Proof American Eagles.

Q: What are the IRA Silver Requirements?

A: You should ALWAYS first check with your IRA Custodian regarding IRA Silver Requirements. However, in a nutshell:

• The Silver must be at least 99.9% fine to qualify for an IRA.
• Rounds and bars: Fabricated by an approved manufacturer. Otherwise, may not be acceptable.
• The IRS does not permit you to purchase any metals that you personally own. However, purchasing from a Second Hand Dealer, such as Vermillion Enterprises, is still acceptable. You would need to speak to your Custodian PRIOR to any IRA purchases first.
• In order for Proof Coins to be eligible: Must come in the original Mint packaging with Certificate of Authenticity. Not graded.

Q: Are collectible coins eligible for Precious Metal IRAs?