Numismatic vs. Bullion for Gold IRA - Any Tulsa folks weighing in?

Sharon Evans

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Numismatic vs. Bullion for Gold IRA - Any Tulsa folks weighing in?

sharon_evans💰Established (100-250k)

about 1 hour ago

Key Takeaways

•Ended up putting about $150k into it, which felt like a massive step but glad I did.
•The whole thing was pretty straightforward, surprisingly.
•They weren't just talking about stocks and bonds, you know?

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I've been going back and forth on this for a while now, and finally pulled the trigger on rolling over part of my old 401k into a Gold IRA earlier this year. Ended up putting about $150k into it, which felt like a massive step but glad I did. The whole thing was pretty straightforward, surprisingly. I work as a secretary for one of the big oil companies here in Tulsa, and honestly, a lot of what I learned about diversifying into precious metals came from overhearing conversations with some of the VPs. They weren't just talking about stocks and bonds, you know?

My big question now, for future contributions or if I decide to rebalance down the line, is still the numismatic vs. bullion debate. My current holdings are all just standard bullion coins – Eagles, Maples, some Krugerrands. Pretty boring, I guess, but I wanted the safety and straightforwardness for my first go-around. However, I keep reading about potential for higher capital appreciation with numismatic coins, especially certain graded ones. Does anyone here have direct experience with numismatic coins in their IRA? And how do you even go about valuing them for an IRA?

I’m just picturing trying to explain some obscure graded coin to a future buyer, and it feels a lot more complicated than "it's an ounce of gold." On the other hand, a few of the executives I listen to swear by certain graded coins for their personal portfolios, saying the premium is worth the potential upside. Is that something that translates well into an IRA, with all the custodian rules and everything?

Before I even think about anything more complex, I definitely made sure to use an Eligibility Checker to confirm I was good to go with the whole Gold IRA setup. It’s a good starting point if anyone is on the fence about whether they even qualify. But now that I'm in, I'm trying to optimize. Any thoughts or advice, especially from anyone who's navigated the numismatic route successfully with their IRA, would be super helpful!

3 comments

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Best Answer▲ 10 upvotes

diane_bailey💰Established (100-250k)

Interesting! So you've already made the rollover. Did you end up going with numismatic coins or bullion for that initial $150k, or was it a mix?

Comments (3)

betty_king📊Growing (50-100k)•less than a minute ago

Hey, I hear ya on the internal debate! I did a similar rollover a few years back, though a smaller amount. Ended up going with mostly bullion, but tossed a small percentage into some numismatic coins I found at a local dealer here in OKC that seemed undervalued at the time. Honestly, the bullion has been a straightforward, no-fuss performer. The numismatic stuff? It's been a bit more volatile, but I'm holding long-term, so we'll see! Good luck, man!

diane_bailey💰Established (100-250k)Real Investor•less than a minute ago

Interesting! So you've already made the rollover. Did you end up going with numismatic coins or bullion for that initial $150k, or was it a mix?

janet_cook📊Growing (50-100k)•less than a minute ago

Hey, congrats on taking the plunge with the Gold IRA! That's a solid move. While I get the appeal of numismatics for some, I'm personally a bit warier of them for an IRA. The premiums can be way higher, and it feels like you're paying more for the "collectible" aspect than the actual gold. For a retirement account, I lean heavily towards bullion for the simplicity and direct tie to the spot price. Just something to consider if you're still deciding on future contributions.

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