Numb with Numb-ismatics - Bullion vs. Numismatic Gold IRA

Kenneth Parker

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Numb with Numb-ismatics - Bullion vs. Numismatic Gold IRA

kenneth_parker💎Premium (500k-1m)

about 2 months ago

Key Takeaways

•Okay, so I’ve been kicking around this forum for a while, mostly lurking and learning.
•My Gold IRA is sitting pretty at around $600k right now, and I’m gearing up for the next deposit.
•All good, all simple.

The 3-step rollover process explained

Okay, so I’ve been kicking around this forum for a while, mostly lurking and learning. My Gold IRA is sitting pretty at around $600k right now, and I’m gearing up for the next deposit. Been running my logistics company here in Memphis for over 20 years, and the succession plan is finally starting to solidify, so I’m really focused on making sure my long-term savings are locked down.

My advisor has always been pretty straightforward – 'stick to bullion, pure and simple for the IRA.' We’ve got American Gold Eagles, Canadian Maples, some South African Krugerrands in there. All good, all simple. But lately, I’ve been seeing more talk about numismatic coins, especially those 'collectible' ones that apparently have a premium beyond just their gold content. I even had a representative from one of those companies doing aggressive TV ads call me and really push the whole 'prestige and higher growth' angle for something like a pre-1933 Saint-Gaudens.

Honestly, it felt a little bit like a used car salesman trying to upsell me. But it got me thinking. Is there any real merit to these numismatic coins for an IRA? I understand the whole 'collectible' argument, but for a retirement account, isn't the goal straightforward wealth preservation and growth tied to the metal itself?

I’m just trying to make sure I’m not leaving any potential growth on the table, especially with the volatile market these days. For those of you who have looked into this or even gone down the numismatic road for your IRA, what's been your experience? Am I overthinking it, and should I just stick to the tried-and-true bullion, or is there a legitimate strategy for numismatics within a retirement portfolio?

Any insights, particularly from those who've compared the two approaches or wish they'd done something differently, would be seriously appreciated. My gut says stick to bullion, but my curiosity is piqued.

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3 comments

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Best Answer▲ 8 upvotes

linda_taylor📊Growing (50-100k)

Hey, appreciate the detailed post! While I totally get the appeal of numismatics, especially with a background in logistics and an eye for value, I'd gently push back on them for a significant portion of a Gold IRA. The premiums and the subjectivity in grading can really eat into your pure precious metal exposure, which is kind of the whole point of a gold IRA for many of us. For a big chunk of that $600k, bullion might be the less headache-inducing, more straightforward play if the goal is wealth preservation through physical gold and silver.

Comments (3)

david_brown💎Premium (500k-1m)Real Investor•about 2 months ago

Hey, I hear you on the numismatics vs. bullion debate! I went through a similar thing when I was setting up my Gold IRA. My financial advisor was really pushing some "collectible" coins, saying they had more upside long-term.

I ended up sticking with mostly bullion, though. Just felt more straightforward and less like I was trying to time the market on something I don't fully understand. Glad I did, too, given how some of those "rare" coins have performed (or rather, haven't) since then. Good luck with your next deposit!

barbara_white🏆Advanced (250-500k)Real Investor✓ Verified•about 2 months ago

Hey, that's a solid chunk of change! Sounds like you've done well with the logistics company. Just curious about the "numb-ismatics" part of your title – are you leaning more towards bullion or numismatic coins for this next deposit, and what makes you lean that way?

linda_taylor📊Growing (50-100k)✓ Verified•about 2 months ago

Hey, appreciate the detailed post! While I totally get the appeal of numismatics, especially with a background in logistics and an eye for value, I'd gently push back on them for a significant portion of a Gold IRA. The premiums and the subjectivity in grading can really eat into your pure precious metal exposure, which is kind of the whole point of a *gold* IRA for many of us. For a big chunk of that $600k, bullion might be the less headache-inducing, more straightforward play if the goal is wealth preservation through physical gold and silver.

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