Palladium Coins Permitted In Your Precious Metals IRA
Palladium is the metal that a great number of investors in Precious Metals IRAs forget about when they are considering what types of precious metals to include in a Precious Metals IRA. This is the case even though a number of countries have been issuing palladium coins beginning back in 1966 when Sierra Leone struck the first such coins in this metal. An interesting procession of other countries followed the African country’s groundbreaking example, with Tonga beginning a series of palladium coins that included the Tonga Palladium Hau. In the years that followed these two examples of palladium in bullion form, a wide range of countries have come out with their own palladium coins, such as Canada, the United States, Australia, France, Russia ( as the Soviet Union), China, Portugal, and Slovakia. Unfortunately for the variety of choices in your IRA, the overwhelming numbers of these different national issues have been commemorative coins and not in fact considered to be bullion. The Soviet Union, which is now the Russian Federation, actually won the prize for the most number of palladium coins minted, and not one of theirs is included in the IRS approved list for Precious Metal IRAs. Palladium represents an interesting choice for your Precious Metals IRA because it is additional diversification away from even other gold and silver holdings that you may have. It is also a unique precious metal that has more industrial applications than does gold. If you are looking to really round out your holdings in this type of physical assets IRA, consider Palladium coins and bars.
Canadian Maple Leaf Palladium Coins
The Canadian Maple Leaf Palladium bullion coin has the one of a kind advantage of being the only palladium coin that the IRS approves to include in your Precious Metals IRA. Part of the reason for this honor is that this coin is practically the only legal tender coin that has the necessary purity standard and is not a collectible or commemorative issue. It is no exaggeration to claim that the Canadian Maple Leaf bullion coin is among the hardest to find and yet still sought after bullion coins in the precious metals complex. This is in part because these coins were only minted for a few years in the first decade of the 2000’s. Besides being rare for a bullion coin, the coin is also attractive. The obverse features the maple leaf, the long-time national symbol of Canada used on many of its coins. On the reverse, the stately portrait of Queen Elizabeth of Great Britain, Canada, Australia, New Zealand, and several other countries proudly graces the surface, along with the year when the coin was minted. With a .9995 purity of palladium inside of these coins, this is undoubtedly the best known and recognized palladium bullion coin minted by any nation. This is why it remains the standard in the palladium bullion world today.
Palladium Bars Permitted In Your Precious Metals IRA
Several different types of Precious Metals IRA approved palladium bars exist. The PAMP palladium bar is among the best known of these various acceptable ones, and it sets the industry standard with both its presentation and reliability. It is available in several different sizes too, which makes it more convenient depending on how much money you want to invest in this portion of your IRA. Besides the one ounce bars, they are also available in bigger kilogram sizes, which is just over 32 troy ounces of palladium. The advantage offered by these bigger bars is that they are the most convenient means of transporting and storing palladium should you decide to take a physical distribution of palladium from your IRA at some point in the future. Buying it in this larger size also reduces the premiums over spot that you have to pay. Wherever you are in the world, these PAMP bars are universally recognized as the standard for palladium. Credit Suisse also makes a physical metals IRA approved one ounce bar that is internationally recognized and respected.
Various Rounds and Bars .9995
Palladium Coins Not Permitted In Your Precious Metals IRA
The IRS does not approve a number of palladium coins for inclusion in your Precious Metals IRA. In fact, the only one that they accept is the Canadian Maple Leaf Platinum coin. Where palladium is concerned, there are two main criteria that they use to restrict coins from the approved list, and these are worth knowing if you are thinking about including palladium in your IRA. The coins must be primarily bullion and not mainly commemorative or collectible in nature. They must also meet a minimum purity requirements standard. For palladium coins, this purity requirement is minimally .9995 fineness.
Tonga Palladium Hau
French Palladium Commemorative Coins
Russian Palladium Commemorative Coins
Chinese Palladium Commemorative Coins
Portuguese Palladium Commemorative Coins