Collectible coins are also known as numismatic and historic coins.
These are gold coins prized for their rarity or historical significance as well as (or instead of) their precious metals value.
Collectible coins are not recommended for retirement investing.
This is not to say you can’t make money with numismatic coins. We think collectible and historic coins do not offer the same level of protection and benefits compared to gold bullion.
Let’s look at the pros and cons.
Recognised methods of grading coins e.g.; PCGS to confirm coin values.
Interesting hobby for collectors.
Limited market of buyers compared to gold bullion.
Unpredictable investment returns – if any at all – from numismatic coins.
Historic coins cannot be held in a Gold IRA.
Beware of excessive profit margins by coin dealers.
Can Numismatic Coins be Bought for a Gold IRA?
In a word … “No”.
The IRS do not view numismatic gold coins as pure investment assets.
A gold bullion coin on the other hand is valued not for rarity or historic reasons, but simply for the amount of gold contained within.
Gold bullion represents an investment in physical gold and nothing else.
Do not buy collectible / numismatic / historic coins for your Gold IRA. Gold bullion receives a more favorable tax treatment than collectible coins. Speak with your financial advisor to confirm the current rules.
Other Gold Investments