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Which is the better buy - American Eagles or Maple leaves
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<p>[QUOTE="doug444, post: 1954142, member: 38849"]My preference would be the Maple Leaf. But the true test is tax treatment when you sell; since Eagles can be held in managed IRA's, taxation may be different. I would check that point very carefully first.</p><p><br /></p><p>I think the hologram on a recent Maple Leaf is a VERY worthwhile benefit.</p><p><br /></p><p>I looked in Krause, and probably 3% of Maple Leafs carry a huge premium, but they are so specialized it seems a remote chance that you would find one among bullion.</p><p><br /></p><p>The only (Gold) Eagle with a big premium is the 2006W reverse Proof, but again, it seems very unlikely to find one floating around. In (Silver) Eagles, the two key dates are 1994 Proof and 1995-W Proof.</p><p><br /></p><p>From Wikipedia:</p><p>"...A self-directed IRA can also hold precious metals such as gold, silver, palladium, and platinum. The regulations pertaining to investing in precious metals can be found in Section 408(m)(3) of the Internal Revenue Code. Most government minted coins (American Eagles, Australian Nuggets, etc.) are permissible. Bullion is also permissible if it meets a standard level of fineness, and is produced by a COMEX or NYMEX approved refiner. </p><p><br /></p><p>In order for coins to be held inside an IRA, coins must satisfy a certain level of pureness in their mineral content so that they are not viewed as a type of collector’s coin. <b><u>As a result, <a href="http://en.wikipedia.org/wiki/Krugerrands" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Krugerrands" rel="nofollow">Krugerrands</a> and the old Double Eagle gold coins are disallowed because they do not meet this standard. </u></b>When a retirement account invests in precious metals, the metals are typically held by a third-party custodian..." <i>(but not always)</i>[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1954142, member: 38849"]My preference would be the Maple Leaf. But the true test is tax treatment when you sell; since Eagles can be held in managed IRA's, taxation may be different. I would check that point very carefully first. I think the hologram on a recent Maple Leaf is a VERY worthwhile benefit. I looked in Krause, and probably 3% of Maple Leafs carry a huge premium, but they are so specialized it seems a remote chance that you would find one among bullion. The only (Gold) Eagle with a big premium is the 2006W reverse Proof, but again, it seems very unlikely to find one floating around. In (Silver) Eagles, the two key dates are 1994 Proof and 1995-W Proof. From Wikipedia: "...A self-directed IRA can also hold precious metals such as gold, silver, palladium, and platinum. The regulations pertaining to investing in precious metals can be found in Section 408(m)(3) of the Internal Revenue Code. Most government minted coins (American Eagles, Australian Nuggets, etc.) are permissible. Bullion is also permissible if it meets a standard level of fineness, and is produced by a COMEX or NYMEX approved refiner. In order for coins to be held inside an IRA, coins must satisfy a certain level of pureness in their mineral content so that they are not viewed as a type of collector’s coin. [B][U]As a result, [URL='http://en.wikipedia.org/wiki/Krugerrands']Krugerrands[/URL] and the old Double Eagle gold coins are disallowed because they do not meet this standard. [/U][/B]When a retirement account invests in precious metals, the metals are typically held by a third-party custodian..." [I](but not always)[/I][/QUOTE]
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Which is the better buy - American Eagles or Maple leaves
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