Numismatic vs. Bullion Platinum - What's your take for an IRA?

Maria Campbell

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Numismatic vs. Bullion Platinum - What's your take for an IRA?

maria_campbell📊Growing (50-100k)

about 1 month ago

Key Takeaways

•I've been kicking this idea around for my Platinum IRA and wanted to get some real-world opinions.
•My initial thought was always bullion – you know, direct exposure to the metal's price, what you see is what you get.
•I've got a fair amount of Gold Eagles and Canadian Maple Leafs in my Gold IRA already, and it's been pretty straightforward.

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I've been kicking this idea around for my Platinum IRA and wanted to get some real-world opinions. I'm sitting on a decent chunk of change, probably in the $75k range for my Gold and Platinum IRA combined, and I manage a pretty conservative portfolio. My financial advisor (who's great, by the way, he's known my family for years) brought up the difference between numismatic and bullion platinum coins, and I'm honestly a bit torn.

My initial thought was always bullion – you know, direct exposure to the metal's price, what you see is what you get. I've got a fair amount of Gold Eagles and Canadian Maple Leafs in my Gold IRA already, and it's been pretty straightforward. But then he started talking about the potential for numismatic value on some platinum coins down the road. He mentioned things like rarity, condition, and collectibility really adding to the price beyond just the melt value. Given my general community-focused mindset here in Boise, I appreciate things with a bit more story or unique appeal.

Now, I'm not looking to become a coin collector overnight, but the idea of having something with potential upside from both the metal and its coin-specific value is intriguing. On the flip side, I also worry about the premiums on numismatic coins being significantly higher, and if it'll be harder to sell when the time comes. I'm thinking long-term here, for retirement, so liquidity is definitely a factor. What are your experiences with platinum numismatics in an IRA? Or is it just a hard no for most of you, sticking strictly to bullion like the American Platinum Eagle?

Anyone here in an IRA with numismatic platinum? How do you feel about the extra premiums? Is the potential for collector's value worth the added complexity and cost, especially for a retirement account? I'd love to hear some diverse opinions before I make a decision. I'm trying to be a smart mayor with my own money, too!

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3 comments

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Best Answer▲ 8 upvotes

joseph_harris📊Growing (50-100k)

Hey, interesting question. While I get the appeal of numismatic platinum for potential collector value, for an IRA, wouldn't focusing purely on bullion be a more straightforward approach? The whole point of an IRA is typically long-term growth and stability, and the premium on numismatic coins can be a bit of a gamble. You're paying for rarity and condition, which might not translate as directly to the underlying metal value as pure bullion does when it comes to selling in the future. Just a thought to consider for your retirement planning.

Comments (3)

michael_anderson🏆Advanced (250-500k)Real Investor•about 1 month ago

Hey, I was in a similar boat a few years back when I was setting up my own precious metals IRA. I ended up going with mostly bullion for both my gold and platinum. My thought process was that the premiums are generally lower, and it's easier to track the value directly with the spot price.

I did consider some numismatics, and I can see the appeal for some of the potential upside if you pick the right coins. But for a retirement account, I personally leaned towards the more straightforward, less speculative nature of bullion. Good luck with your decision!

ronald_morris👑Elite (1m-5m)Real Investor•about 1 month ago

This is a great question. You mentioned having a combined $75k for your Gold and Platinum IRA – are you looking to allocate a specific percentage of that to platinum, or is your $75k just the total you're working with here?