Anyone else stress about coin grading for their Gold IRA?
- •Okay, so I’m pretty new to this Gold IRA thing, only converted about six months ago.
- •Before that, my retirement was all pretty standard stuff, mostly just company 401k.
- •I finally bit the bullet and rolled over about $75k into physical gold, mostly allocating to some US gold coins from the early 20th century.
Okay, so I’m pretty new to this Gold IRA thing, only converted about six months ago. Before that, my retirement was all pretty standard stuff, mostly just company 401k. I’m a session musician here in Nashville, and honestly, the thought of diversifying beyond stocks and bonds never really crossed my mind until a buddy of mine started raving about it. I finally bit the bullet and rolled over about $75k into physical gold, mostly allocating to some US gold coins from the early 20th century.
My biggest hang-up right now is the whole coin grading situation. I mean, my dealer assured me everything was top-notch, highly graded, but I still find myself second-guessing. I know the value is tied pretty heavily to that grade, especially for the numismatic coins. Are most of you guys just trusting your dealer completely, or do you get independent assessments? I'm worried about realizing years down the line that what I thought was a MS65 is actually an MS63, and that's a pretty big difference in value, right? It keeps me up sometimes, honestly, because this isn't pocket change, it's my future.
Also, on a slightly different note, has anyone used that Tax Calculator tool on Gold IRA Blueprint for figuring out the tax implications of their IRA? I'm trying to get a clearer picture of potential RMDs and all that down the road, and it seems like a neat resource. Just curious if it's helped anyone else get a handle on the financial side of things. Let me know your thoughts on the grading, though – that's my main anxiety right now!