IRA

Getting Started

You will need to choose between a Traditional IRA and a Roth IRA for your 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 They will not be taxed when the funds are withdrawn.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 Metal IRAs. Gainesville Coins has extensive experience with each custodian.

The Entrust Group, Inc

9444 Double R Blvd "A"
Reno, NV 89521
(877) 545-0544

Precious Metal IRA Information

Gainesville Coins Secure Storage Solution available

Sterling Trust Company

7901 Fish Pond Road
Waco, TX 76710
1-800-955-3434 Option 2

How to Get Started

Goldstar Trust Company

1401 4th Avenue
Canyon, TX 79015
1-800-486-6888

Traditional IRA
Roth IRA

Self Directed IRA Services Inc.

600 Congress Avenue
Suite 400
Austin, TX 78701
1-866-928-9394

Precious Metal IRA Information

FYI – A 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

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.

STEP 2

Open and Fund Your Account

Opening a 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.

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.

IRA Eligible Products

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

	Sterling	Entrust	GoldStar	Self Directed IRA Service
One-Time Establishement Fee	$50.00	$0.00	$25.00	$85.00
Annual Maintenance Fee	$75.00	$99.00	$60.00	$60.00
Annual Storage Fee	$125.00	$125.00	$100.00	$100.00
Transaction Fee	$0.00	$25.00	$40.00	$40.00

*Self Directed IRA charges $20 per year if you do not elect to have your statements provided electronically

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:

Send Gainesville Coins a screenshot of your cash balance in your Metal IRA account
Fill out and sign Gainesville Coins' terms and conditions form.

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.

Gainesville Coins' IRA terms and conditions form

Storage Agreement for Entrust