IRA-Approved Precious Metals

Looking to set up a Self-Directed Precious Metals IRA? Well, not all gold, silver, platinum, and palladium bullion are approved for an Individual Retirement Account (IRA). The IRS only approved certain gold, silver, platinum, and palladium bars, and coin types.

Types Of Precious Metals You Can Hold

Per the Taxpayer Relief Act of 1997, certain gold, silver, platinum, and palladium coins and bars are permitted in retirement accounts.

Essentially the IRS established two types of coins and bars that meet the requirement for an IRA:


US Gold American Eagle coins minted after 1985 include Gold American Eagles and Gold Buffaloes of all sizes. This includes 1 ounce, ½ ounce, ¼ ounce, and 1/10 ounce coins minted by the U.S. Treasury Department as well as select bars, rounds, and foreign coins of certain purity.


Gold coins and bars with a minimum purity of 99.5%. Silver is 99.9%, and platinum and palladium are both 99.95%.

Bullion coins must be in Brilliant Uncirculated condition.

Proof Gold American Eagles are also IRA permissible assets. Proof coins must be in original Mint packaging, in flawless condition with a Certificate of Authenticity.

While Internal Revenue Code (IRC) 26 U.S. Code § 408 specifically allows physical gold, silver, platinum, and palladium to be owned inside of an IRA, 31 U.S. Code § 5112 makes very specific limitations on the types of coins and bars that can be owned. Non-U.S. Mint coins, bars, and rounds must be accredited by a refiner, assayer, or manufacturer and meet minimum purity requirements.

Examples of permitted coins in Gold IRA
Examples of non-permitted coins in Gold IRA

Below you’ll find a list of the IRA-approved bullion that can be purchased for a Precious Metals IRA account.