Today’s tip of the week touches on the issue of gold coins for IRA’s. If you intend to purchase a gold eagle proof coin for an IRA, it’s imperative that it include the original government paperwork and boxes. Coins that do not include these items can’t be used for IRA’s.
The original government paperwork and box and can purchased at some coin shops or online, but it can cost upwards of $50 for one ounce gold proofs, so if you’re purchasing a proof gold coin without the paperwork, and intend to place it in an IRA, make sure that the price of the coin is discounted to take into consideration the extra expense that you’re likely to incur.
We hope that you found this week’s tip of the week helpful and encourage you to tune in for future tips and hints.