Answer
Nov 19, 2024 - 01:20 PM
No, the 1 oz South African Krugerrand Gold Coin is generally not IRA-approved. While it is a highly popular and trusted gold coin, it does not meet the IRS's purity requirement of .999 or higher for gold products to be included in a Precious Metals IRA. The Krugerrand is composed of .9167 fine gold (22k), which falls below the required threshold.
If you're looking for IRA-approved gold products, consider options like the American Gold Eagle (bullion version), American Gold Buffalo, or Canadian Gold Maple Leaf, which meet the IRS's criteria.
Please note: Bullion Exchanges is not a financial advisor. For specific advice regarding your investments or IRA eligibility, consult a certified financial advisor or tax professional.
