Precious Metals IRA

Precious Metals IRA

Diversify and protect your retirement plan by adding Gold and Silver.

Getting Started

You will need to choose between a Traditional IRA and a Roth IRA for your Precious Metal IRA . Traditional IRAs are funded with before-tax fund and will be subject to taxation upon fund withdrawal. Conversely Roth IRA's are funded with after-tax funds. They will not be taxed when the funds are withdrawn. Some investors choose to have both.

For your convenience, the following IRA Custodians all provide Precious Metal IRAs . Gainesville Coins has extensive experience with each custodian.

New Direction IRA Logo
New Direction IRA, Inc
1070 W. Century Drive, Suite 101
Louisville, CO 80027
(877) 742-1270
Goldstar Trust Company Logo
Goldstar Trust Company
1401 4th Avenue
Canyon, TX 79015
1-800-486-6888
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Get Help With IRA
Have questions about adding precious metals to your IRA? Speak to our IRA specialists.
To start your precious metals IRA
you have to agree and sign this two documents:
IRA Elligible Gold IRA Elligible Products
Self Directed IRA

FYI – A Precious Metals IRA is actually a Self-Directed IRA

The benefit of a Self-Directed IRA is that you can invest in what you know. Your Self-Directed IRA account can buy precious metal, real estate, notes, limited partnerships, commercial paper and many other types of assets. The IRA Custodian maintains and updates all documentation relating to your IRA.

Follow these 3 easy steps

Choose an IRA Custodians

Step 1: Choose an IRA Custodians

Select from one of our recommended custodians or any of your choosing to purchase, receive and hold your precious metals. If you have any questions regarding Custodians, our representatives are ready to assist you.

open and fund your account

Step 2: Open and Fund Your Account

Opening a Precious Metal IRA account is simple. To make the process as easy as possible, we've provided links to the IRA custodians regarding how to open an account - including information on rolling over existing IRA or 401k into a Metal IRA.

You will be asked to select a precious metals dealer during this process; Choose Gainesville Coins.

Transact with Gainesville Coins

Step 3: Transact with Gainesville Coins

Once you have opened and funded your metal IRA, purchasing precious metals with Gainesville Coins is a simple, straightforward process. Refer to our FAQ or call us and our qualified specialist will gladly guide you through the process.

Costs Differ Among IRA Custodians

Among the factors to consider when weighing which IRA custodian to choose is cost. Each custodian will require an initial set-up fee, storage fee, and transaction fee. Below is a table summarizing the costs among the four custodians we have outlined for accounts $75,000 or less. Certain costs will be different if the account is larger than $75,000

  New Direction GoldStar
One-Time Establishement Fee $50.00 $25.00
Annual Maintenance Fee $75.00* $60.00
Transaction Fee $40.00 $40.00
*New Direction charges a Flat Rate $75 for accounts under $100,000 total value or $125 for accounts at or above $100,000 total value.
IRA Cost

Frequently Asked Questions

What types of Precious Metals are IRA eligible?

Gold:

  • American Eagle
  • Pamp/Credit Suisse Bars .999 Fine
  • Canadian Maple Leaf
  • Austrian Philharmonics
  • Australian Nugget/Kangaroo
  • U.S. Buffalo Uncirculated version
  • Gold Bars-.995+Fine that are accredited by Comex, Nymex, LME, LBMA, Liffe, NYSE, CBOT or ISO 9000

Silver:

  • American Eagle
  • Austrian Philharmonic
  • Australian Kookaburra
  • Canadian Maple Leaf
  • Silver Bars-.999+ Fine that are accredited by Comex, Nymex, LME, LBMA, Liffe, NYSE, CBOT or ISO 9000

Platinum:

  • American Eagle
  • Australian Koala
  • Canadian Maple Leaf
  • Isle of Man Noble Coins
  • Platinum Bars-.9995+Fine that are accredited by Comex, Nymex, LME, LBMA, Liffe, NYSE, CBOT or ISO 9000

Palladium:

  • Bars that are .9995+ Fine that are accredited by Comex, Nymex, LME, LBMA, Liffe, NYSE, CBOT or ISO 9000
Are collectible coins eligible for Precious Metal IRAs?
Yes, the only collector coin presently eligible for your IRA is the American Proof Gold and Silver Eagle. These are the collectors version of the uncirculated coin and must have all original box and paperwork provided by the U.S. mint.
What is Unacceptable in a Precious Metal IRA?

The following list represents some of the coins that are not acceptable in a Precious Metal IRA.

  • Rare or collectible coins, including certified or "graded" coins
  • South African Krugerrand
  • Swiss 20 Franc
  • French 20 Franc
  • Belgian 20 Franc
  • Mexican 50 Peso
  • Chilean 100 Peso
  • Italian 20 Lira
  • Hungarian 100 Korona
  • Austrian Corona
  • U.S. Liberty
  • U.S. Buffalo Proof
  • Dutch 10 Guilder
  • British Britannia
How are my precious metals stored?
Depending on the IRA service provider you choose, they can be stored either segregated or non-segregated within the storage vault. Segregated storage guarantees the coins you purchased to be held separate from other customers goods, while non-segregated storage allows for precious metals of like kind to be mixed; being that they are identical and of the same weight and purity. Please check with your IRA service provider for further details.
Can I put precious metals I already own into my new Precious Metal IRA?
No, all precious metals must be purchased after your IRA has been established.
What is required to buy from Gainesville Coins for your IRA?

To buy gold, silver, platinum, or palladium, you will be required to:

If you have opened an account with GoldStar, you will need to fill out their Investment Direction form, and have GoldStar send us a copy.

  • Call us at (813) 482-9300 to conduct a transaction once we have both documents.

We will then send you a sales order which you will need to SIGN and SEND to your IRA custodian. The IRA custodian will then forward us the funds, and Gainesville Coins will process and ship the precious metals to the relevant depository or independent storage facility.

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