Quick question about numismatic coins in IRAs

• •Hey everyone, I'm trying to wrap my head around something and would love some input from people who've been doing this longer than me.
• •I know the general rule for IRAs is that most numismatic coins are a no-go because they're considered collectibles.
• •But then I hear about certain high-purity, government-issued proof coins that *are* allowed, even if they have a premium over their melt value.

Hey everyone, I'm trying to wrap my head around something and would love some input from people who've been doing this longer than me. I've been steadily contributing to my Gold IRA for a few years now, mostly sticking to the pretty straightforward stuff – American Gold Eagles, Canadian Maples, that kind of thing. My portfolio is sitting around the $180k mark right now, and I'm really happy with how it's performing as a hedge against all the craziness out there.

Anyway, I was chatting with a friend the other day who mentioned they're looking into adding some numismatic coins to their precious metals portfolio, and it got me thinking. I know the general rule for IRAs is that most numismatic coins are a no-go because they're considered collectibles. But then I hear about certain high-purity, government-issued proof coins that are allowed, even if they have a premium over their melt value. It's confusing!

So, for those of you who have explored this or even included some in your IRA, what's the deal with numismatic coins vs. straightforward bullion coins for IRA purposes? Are there specific types you've been able to get approved? I'm mainly a gold guy, but also hold some silver bars outside my IRA. I'm based in Tampa, FL, and work as a healthcare administrator, so I'm not exactly day-trading here – I'm looking for long-term hold value, and the idea of adding some unique pieces with potential for both metal value and collector premium is interesting, but I don't want to mess up my retirement accounts.

Any insights, experiences, or cautionary tales would be super helpful. Am I just overthinking this, and should I stick to what I know works (bullion)? Or is there a legitimate way to incorporate numismatic coins without running afoul of the IRS? Thanks in advance!