Certain types of gold are eligible for inclusion in an Individual Retirement Account (IRA). However, there are specific requirements and restrictions set by the IRS. The IRS allows for the inclusion of certain forms of gold, referred to as “IRS-approved” or “IRA-eligible” gold, in a self-directed IRA. Here are the main types of gold that are typically eligible for inclusion in an IRA:

  1. American Eagle Coins: The IRS allows for American Eagle gold coins minted by the U.S. Treasury to be held in an IRA. These coins are specifically authorized by Congress for IRA investment and are widely recognized and traded.
  2. American Buffalo Coins: Similar to American Eagle coins, American Buffalo gold coins, also issued by the U.S. Treasury, are eligible for inclusion in an IRA. These coins contain one ounce of .9999 fine gold.
  3. Canadian Maple Leaf Coins: The Canadian Maple Leaf gold coins, minted by the Royal Canadian Mint, are eligible for IRA investment. These coins are made of .9999 fine gold and are recognized globally.
  4. Australian Kangaroo/Nugget Coins: The Australian Kangaroo (formerly known as Nugget) gold coins produced by the Perth Mint in Australia are also eligible for IRAs. They contain one ounce of .9999 fine gold.
  5. Certain Gold Bars: Some IRS-approved gold bars, typically referred to as “bullion bars,” are eligible for IRA investment. These bars must meet specific purity requirements (at least .995 fine gold) and be produced by an approved refinery or manufacturer.

It’s important to note that not all forms of gold are eligible for IRAs. Collectible coins, such as rare or numismatic coins, are generally not permitted in IRAs. Additionally, gold jewelry or gold ETFs (Exchange-Traded Funds) are typically not eligible for inclusion.