Silver coins do not have to be from the United States Mint to be eligible a for Precious Metals IRA, but they must be investment-grade bullion, not collectible numismatic coins. The 1 oz Silver Libertad is eligible due to its Silver content, which must be .999 fine Silver to qualify for a Precious Metals IRA account. Invest in Mexican Silver coins that are IRA-approved, and any of the profits from the sales of your investments can be tax deferred, just like profits from a normal IRA. Once your custodian account is set up, APMEX can help you choose IRA-approved 1 oz Silver coins and other Precious Metals bullion to go in your IRA account.

When investing in Silver coins understand the price of Silver

When you buy Silver coins, you may see different prices for Silver – the spot Silver price, the bid price and the ask price. The ask price for Mexican Silver coins (or any other coin, bar or round, for that matter) is the dealer selling price, and the bid price is buy back price. When purchasing a 1 oz Silver Libertad, note that the Silver spot price refers to the base price for unfabricated Silver and that no one pays that price. You pay the premium price, which includes fabrication, distribution, minor dealer fees and any numismatic or collector value. When you buy 1 oz Silver coins, it is easy to determine how much you are paying above Silver spot price, because the Silver price is quoted for one troy ounce.