IRA Silver: Eagles vs. Generic Rounds - Value and Liquidity
- •Curious what everyone's strategy is for silver in their Gold IRA.
- •I'm looking at adding some more physical silver, probably another $20k-$30k worth, to my existing ~$600k portfolio.
- •I’ve seen some decent premiums on them compared to generic stuff.
Curious what everyone's strategy is for silver in their Gold IRA. I'm looking at adding some more physical silver, probably another $20k-$30k worth, to my existing ~$600k portfolio. My focus, as a lawyer right here in Philly, has always been wealth preservation, so I'm trying to weigh the pros and cons of American Silver Eagles versus generic silver rounds or bars as IRA-approved assets.
My initial thought is that Eagles, being government-minted and widely recognized, would offer better liquidity and a more trustworthy premium when it eventually comes time to sell. I’ve seen some decent premiums on them compared to generic stuff. However, that premium eats into the amount of actual silver I can acquire. With generic rounds, I could get more ounces for the same dollar value, which feels better from a pure commodity play perspective. But then I worry about the hassle of verifying purity or the possibility of a wider spread when selling generics compared to Eagles. Has anyone had any direct experiences with selling either of these from their IRA?
I ran some numbers through the Gold IRA Calculator to get a rough idea of how different appreciation rates might affect my overall IRA value with varying silver allocations, but it doesn't really account for the premium or liquidity differences between coin types. What's the consensus here? Is the premium on Eagles worth the peace of mind and potential resale ease, or is it smarter to just stack the most ounces possible with generic rounds, even if the resale might be slightly more involved? Given my long-term, conservative approach, I'm trying to minimize any future headaches.