Silver Eagles vs. Generic Rounds for IRA - What's your play?

Brian Edwards

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Silver Eagles vs. Generic Rounds for IRA - What's your play?

brian_edwards🌟Ultra (5m+)

about 19 hours ago

Key Takeaways

•Diving into this whole silver thing for the IRA and trying to figure out the best approach.
•I've got a decent chunk of my portfolio in real estate developments here in Aspen, but I've always had a soft spot for precious metals.
•I've held physical silver and gold for years outside of any tax-advantaged accounts, mostly coins and bars I pick up from a dealer I trust.

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Diving into this whole silver thing for the IRA and trying to figure out the best approach. I've got a decent chunk of my portfolio in real estate developments here in Aspen, but I've always had a soft spot for precious metals. My buddy who runs a custom home building biz down in Telluride just moved a good chunk of his cash into a Gold IRA and it got me thinking more seriously about it. I've held physical silver and gold for years outside of any tax-advantaged accounts, mostly coins and bars I pick up from a dealer I trust. Looking to dump about $200k into silver itself for this IRA setup.

My question for those of you who've been through this process: Is it worth the premium for American Silver Eagles versus going with generic silver rounds? I know the Eagles have that government backing, recognition, and typically a higher resale value when you decide to liquidate. But that premium adds up fast, especially when you're talking about a significant allocation like this. For $200k, that extra 5-10% (or more depending on the market that day) premium on Eagles means a substantial difference in the actual amount of silver I'm holding. With generic rounds, I'm theoretically getting more ounces for my dollar, which feels right given current inflation and the general state of the world economy. I'm not looking to "flip" these, this is a long-term hold, 10-15 years at least.

I'm leaning towards generic rounds for the sheer volume of metal, but then I hear the arguments about liquidity and ease of sale for Eagles. For those of you with 5M+ portfolios, especially if you're holding substantial physical metal, what was your rationale? Did you bite the bullet on the premium for Eagles, or did you prioritize ounces above all else with generic rounds or even bars? What kind of experience have you had with selling generic rounds from an IRA? Any insights or horror stories from either side would be appreciated. Thanks.

3 comments

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Best Answer▲ 8 upvotes

joyce_cooper📊Growing (50-100k)

Oh man, I've been there! Had the exact same debate a few years back when I first got into my precious metals IRA. Ended up going with a mix, leaning a bit more towards the Eagles for the recognized value, but threw in some generic rounds too for the pure silver play and lower premium. It's a tough call because both have their merits, especially if you're looking long-term.

Comments (3)

joyce_cooper📊Growing (50-100k)✓ Verified•about 11 hours ago

ashley_baker💼Starter (0-50k)✓ Verified•about 11 hours ago

Hey, interesting post! When you say "real estate developments here in Aspen," are we talking commercial or residential? Just curious if that plays into your precious metals strategy at all, like balancing risk if one market dips. Good luck with the silver!

betty_king📊Growing (50-100k)•about 11 hours ago

Honestly, while the Eagles are pretty, I'm not sure the premium is always worth it for an IRA. Unless you're specifically eyeing numismatic value down the road (which is a whole different beast than just holding silver in an IRA), those generic rounds get you more actual silver for your buck. Food for thought!

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