![]() Yet all the powerful, unique advantages of investments in silver are undercut when the buyer purchases bullion that cannot be returned to the dealer or resold on the market at a price anywhere near what the buyer paid. Self-directed IRAs that permit investments in fine silver and other precious metals support true diversification, and they also anticipate the opportunities when the flaws and vulnerabilities of the securities market are in evidence. Of particular interest to anyone considering investing in silver right now are the mounting expert predictions that silver will outperform gold within the next 3 years. Since then, we have witnessed a flight to safe havens gold and silver due to the economic and financial uncertainty the pandemic has brought.Īs of August 12, 2020, gold was up 27.65% for the year at $1,916.39 an ounce and silver was up 44.83% at $25.42 per ounce. In 2019 alone, silver’s price went up by 17%. The picture is clear for silver as an investment. And the reason is straightforward: the polar bear coin’s IRA value when traded in bullion is nowhere near the premium prices paid to brokers. The 1.5-oz silver polar bear coin may be allowable under the tax codes, and it may be described as a bullion coin, but it does not fit our criteria for prudent, IRA-focused asset protection. The polar bear coins meet these criteria for allowable investments in a precious metals IRA. The minimum fine silver content for IRA eligibility is.Coins produced by national mints qualify for holding in an IRA.What about in this case?Īs a threshold matter, Individual Retirement Accounts (IRAs) do permit these silver coins as IRA eligible investments. Generally, the coin experts at Scottsdale Bullion & Coin advise our clientele on buying bullion coins for a self-directed IRA account. ![]() Canadian Silver Polar Bears Are IRA Eligible Coins. You might also come across reviews under the advertising that claim these coins will go up in price every year, which may make the viewer buy right away, or be left with a fear of missing out. It is typically marketed as suitable and attractive for first-time entrants into the precious metals IRA arena, as well as for long-term silver bullion investors. The queen’s name is inscribed above her profile and underneath is the denomination: “8 DOLLARS,” followed by the year of minting, “2013.” On the obverse is the classic image of Queen Elizabeth II, designed by Canadian artist Susanna Blunt. On the top of the coin, lettering reads: “CANADA.” Underneath the polar bear image are the words “FINE SILVER 1½ OZ ARGENT PUR.” The coin’s reverse features a sleek, attractive profile of a polar bear in a walking stance, testing the arctic ice. The coin was originally minted by the Royal Canadian Mint (RCM) in 2013. This silver polar bear coin weighs in at 1.5 ounces. 2013 1.5-Oz Silver Polar Bear Coin Design It’s important to note, however, that individual dealers are misleading consumers, not the Royal Canadian Mint. What’s startling is that some dealers mark up the coin more than 160% over the silver spot price. You may find silver polar bear coins advertised on commercial dealers’ sites. These 2013 coins are legal tender and contain 1.5 ounces of. The polar bear coins are striking-as are all wildlife coins produced by the Royal Canadian Mint. Outrageous Markups on the Silver Polar Bear (Bullion) Coin ![]() And find out how to avoid making the same mistake with your money. ![]() But that’s exactly what’s happening to many investors. How much over? We’ve seen 163% markups!įrom an investing standpoint, it defies common sense to buy coins at a cost that could be difficult to recoup should you later wish to sell. Why? Because dealers are advertising this coin for far too much over the spot price of silver. If you’re thinking about investing in these silver coins, our warnings about exclusive Canadian bullion coins bear repeating: Buyer Beware. Tempted to buy the 2013 1/2 ounce Canadian Silver Polar Bear Coin? READ THIS FIRST!
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