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Gold IRA
A gold IRA or precious metals IRA is an Individual Retirement Account in which physical gold or other approved precious metals are held in custody for the benefit of the IRA account owner. It functions the same as a regular IRA, only instead of holding paper assets, it holds physical bullion coins or bars. Precious metals IRAs are usually self-directed IRAs, a type of IRA where the custodian allows more diverse investments to be held in the account. The four precious metals allowed to be held in an individual retirement account are gold, silver, platinum and palladium, provided they are in the form of IRS-approved coin or bar products. Since gold is the most commonly purchased of the four, the overarching term "gold IRA" is used most often as industry slang to mean a retirement account containing any combination of precious metals. Other terms such as, "precious metals IRA", "silver IRA", "platinum IRA", or "palladium IRA" are also frequently used. Investors often use precious metal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Individual Retirement Account
An individual retirement account (IRA) in the United States is a form of pension provided by many financial institutions that provides tax advantages for retirement savings. It is a trust that holds investment assets purchased with a taxpayer's earned income for the taxpayer's eventual benefit in old age. An individual retirement account is a type of individual retirement arrangement as described in IRS Publication 590, ''Individual Retirement Arrangements (IRAs)''. Other arrangements include employer-established benefit trusts and individual retirement annuities, by which a taxpayer purchases an annuity contract or an endowment contract from a life insurance company. Types There are several types of IRAs: * Traditional IRA – Contributions are often tax-deductible (often simplified as "money is deposited before tax" or "contributions are made with pre-tax assets"), all transactions and earnings within the IRA have no tax impact, and withdrawals at retirement are taxed as income (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Silver Eagle
The American Silver Eagle is the official silver bullion coin of the United States. It was first released by the United States Mint on November 24, 1986. It is struck only in the one-troy ounce, which has a nominal face value of one dollar and is guaranteed to contain one troy ounce of 99.9% pure silver. It is authorized by Title II of Public Law 99-61 (Liberty Coin Act, approved July 9, 1985) and codified as (e)-(h). Its content, weight, and purity are certified by the United States Mint. In addition to the bullion version, the United States Mint has produced a proof version and an uncirculated version for coin collectors. The Silver Eagle has been produced at three mints: the Philadelphia Mint, the San Francisco Mint, and the West Point Mint. The American Silver Eagle bullion coin may be used to fund Individual Retirement Account investments. Design The design on the coin's obverse was taken from the "Walking Liberty" design by Adolph A. Weinman, which originally had ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Palladium Eagle
The American Palladium Eagle is the official palladium bullion coin of the United States. Each coin has a face value of $25 and is composed of 99.95% fine palladium, with 1 troy ounce actual palladium weight. History The Palladium Eagle was authorized by the American Eagle Palladium Bullion Coin Act of 2010 which became Public Law 111-303 passed during the 111th United States Congress in December 2010 and signed by President Barack Obama. The coin uses Adolph Weinman's obverse design on the Winged Liberty Head "Mercury" dime, Liberty wearing a winged hat, while its reverse design is based on Weinman's 1907 American Institute of Architects (AIA) medal design. The Mint was directed to obtain an independent study of whether there would be enough market demand to justify the issuance of the piece; it voided its first contract for such a study on learning that the contracted firm had ties to the palladium industry. The contract was re-awarded to New York-based CPM Group, which condu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York Mercantile Exchange
The New York Mercantile Exchange (NYMEX) is a commodity futures exchange owned and operated by CME Group of Chicago. NYMEX is located at One North End Avenue in Brookfield Place in the Battery Park City section of Manhattan, New York City. The company's two principal divisions are the New York Mercantile Exchange and Commodity Exchange, Inc (COMEX), once separately owned exchanges. NYMEX traces its history to 1882 and for most of its history, as was common of exchanges, it was owned by the members who traded there. Later, NYMEX Holdings, Inc., the former parent company of the New York Mercantile Exchange and COMEX, went public and became listed on the New York Stock Exchange on November 17, 2006, under the ticker symbol NMX. On March 17, 2008, Chicago based CME Group signed a definitive agreement to acquire NYMEX Holdings, Inc. for $11.2 billion in cash and stock and the takeover was completed in August 2008. Both NYMEX and COMEX now operate as designated contract markets ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Platinum Koala
The Platinum Koala is an Australian platinum bullion coin minted by the Perth Mint between 1988 and 2000. The Platinum Koala is notionally legal tender, that is a legal means of payment (in Australia). On 18 June 1987, the Australian Government approved the minting of platinum and silver coins. This decision was made based on the success of gold coins issued a year earlier. The minting of the coin began in September 1988 in Perth. For marketing purposes, 2 ounce, 10 ounce and 1 kilogram coins of silver, gold and platinum were introduced in 1991; the 1 kg coins were the world's heaviest bullion coins at the time. The production of the Platinum Koala was stopped in 2000 due to a lack of a demand. In 2000, only 2.048 out of a total possible mintage of 100.000 were struck. The obverse depicts the Queen of Australia, Elizabeth II, and the reverse contains an image of a koala. The initials JB of the reverse face designer James Brown are present on most coins. Other designers o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Noble (Manx Coin)
The Manx Noble are platinum, gold or silver bullion coins distributed by the Isle of Man and minted by private companies. While platinum coins have been minted since the early 1800s, the Noble is the first platinum coin created for investors. The coins are not minted every year, but have an erratic schedule. Nobles are legal tender but they do not have a fixed face value; instead, like the Krugerrand or Mexico's Libertad, they are legal tender to the value of their precious metal content. Specifications The platinum coins contains 99.5% platinum (.995 fine). The gold coins contains 99.99% gold (.9999 fine) and silver coins contains 99.9% silver (.999 fine). Design Obverse: It shows a portrait of Queen Elizabeth II with the text ''Isle of Man'' and ''Elizabeth II'' in capitals. There have been four different portraits of Queen Elizabeth used on the coins. The 1984 coin showed the second coin portrait, done when the Queen was in her early 40s. The third coin portrait ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Platinum Maple Leaf
The Canadian Platinum Maple Leaf is the official bullion platinum coin of Canada. First issued by the Royal Canadian Mint in 1988, it was available until 2002 in five different denominations, all of which are marked as containing .9995 pure platinum. The bullion coin was partly reintroduced in 2009 in the form of the 1 troy ounce denomination in .9999 purity, featuring a new portrait of Queen Elizabeth II on the obverse. The coins have legal tender status in Canada, but as is often the case with bullion coins, the face values of these coins is lower than the market price of the material they are made from. Background The Canadian Maple Leaf series began in 1979, when the Royal Canadian Mint (RCM) introduced the Canadian Gold Maple Leaf coin. It consisted of 1 troy ounce of .999 pure gold – later refined to .9999 pure in 1984 – and contained no alloys within it; a rarity at the time. Due to the widespread success of the coin on the international bullion market – whi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Britannia (coin)
Britannia coins are British bullion coins issued by the Royal Mint in gold since 1987, in silver since 1997, and in platinum since 2018. The coin patterns feature various depictions of Britannia, a feminine personification of the United Kingdom. Britannia gold coins contain one troy ounce of gold and have a face value of £100. Gold Britannias also are issued in fractional sizes of one-half, one-quarter, and one-tenth of a troy ounce and with face values of £50, £25, and £10 respectively. In 2013 two additional sizes were introduced, a five-ounce coin of face value £500, and a fractional size of one-twentieth of face value £5. Britannia silver coins contain one troy ounce of silver and have a face value of £2. Silver Britannias also are issued in fractional sizes of one-half, one-quarter, and one-tenth of a troy ounce and with face values of £1, 50p, and 20p respectively. Like the gold coins in 2013 two additional sizes were introduced, a five-ounce coin of face value  ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Platinum Eagle
The American Platinum Eagle is the official platinum bullion coin of the United States. In 1995, Director of the United States Mint Philip N. Diehl, American Numismatic Association President David L. Ganz, and Platinum Guild International Executive Director Jacques Luben began the legislative process of creating the Platinum Eagle. After over two years of work, the 99.95% fine platinum coins were released by the United States Mint in , , and 1 troy oz denominations. In late 2008, the fractional denominations were discontinued, leaving only the one ounce denomination. The Platinum Eagle is authorized by the United States Congress, and is backed by the United States Mint for weight, content, and purity. Proof versions of the coins are intended for coin collectors and sold directly to the public whereas the bullion versions are sold only to the Mint's authorized buyers. The proof American Platinum Eagles are unique in the fact that they are the only U.S. bullion coins that have ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Silver Bar
Silver is a chemical element with the Symbol (chemistry), symbol Ag (from the Latin ', derived from the Proto-Indo-European wikt:Reconstruction:Proto-Indo-European/h₂erǵ-, ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, white, lustrous transition metal, it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. The metal is found in the Earth's crust in the pure, free elemental form ("native silver"), as an alloy with gold and other metals, and in minerals such as argentite and chlorargyrite. Most silver is produced as a byproduct of copper, gold, lead, and zinc Refining (metallurgy), refining. Silver has long been valued as a precious metal. Silver metal is used in many bullion coins, sometimes bimetallism, alongside gold: while it is more abundant than gold, it is much less abundant as a native metal. Its purity is typically measured on a per-mille basis; a 94%-pure alloy is described as "0.940 fine". As one of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Libertad (coin)
The Libertad coins are silver and gold bullion coins originating from Mexico and minted by the La Casa de Moneda de México (Mexican Mint). The Mexican Mint was established in 1535 and is the oldest mint in the Americas. The modern coins contain 99.9% silver or gold (.999 fineness) and are available in various sizes. Both metal coins have undergone a design change. In 1989, 3,500 ounce Libertad platinum coins were produced. Libertads are devoid of face value, yet are still accepted as currency and guaranteed by Banco de México based on the market value of its gold or silver content. In addition to the bullion version, a proof and reverse proof versions for both metals are manufactured specifically for collectors. Proof coins contain a frosted angel with a polished background. A reverse proof is the opposite and has a polished angel with a frosted background. An antique finish is available in silver and is also sought out by collectors. An antique finish gives coins an ag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chinese Silver Panda
The Chinese Silver Panda () is a series of silver bullion coins issued by the People's Republic of China. The design of the panda is changed every year and minted in different sizes and denominations, ranging from 0.5 troy oz. to 1 kilogram. Starting in 2016, Pandas switched to metric sizes. The 1 troy ounce coin was reduced to 30 grams, while the 5 troy ounce coin was reduced to 150 grams. There is also a Gold Panda series issued featuring the same designs as the Silver Panda coins. History The first Silver Panda coins—issued 10 yuan Panda bullion in 1983, 1984, and 1985—were proof quality, with a precious metal content of 27 grams of 0.900 fine silver and a diameter of 38.6 mm. Mintages were only 10,000 for each year. No Silver Pandas were issued in 1986. The 1987 Silver Panda coins were minted in proof quality from 1 troy oz. of sterling (.925 fine) silver, with a diameter of 40 mm. There are several mints that produced Silver Panda coins over the years, incl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
