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Should You Own a Platinum IRA?

Owning a platinum IRA is a prudent decision for those seeking to diversify their portfolio, safeguard their wealth, and mitigate market volatility. By incorporating platinum into your portfolio, you introduce a tangible asset that can lower overall risk and enhance the likelihood of realizing long-term financial objectives. Moreover, holding platinum in an IRA can provide substantial tax advantages.

Avoid waiting for inflation to erode the value of your dollars entirely. Retain control over your spending power and prevent others from having undue influence. This is an opportune moment to consider transferring your IRA to a Platinum IRA.

To Qualify As IRA Eligible Precious Metals, The Following
Minimum Fineness Requirements Must Be Met:

IRA Approved Platinum

Not all platinum coins, proof coins, bars, and rounds are created equal. To be eligible for inclusion in a Platinum IRA, these products must meet a specific fineness requirement of .995, with exceptions such as American Eagles. Fortunately, there is a diverse range of qualified precious metals that can be held in a Platinum IRA. Gone are the days when IRAs were limited to only American Eagle products. Today, IRAs encompass all IRS-permitted gold, silver, platinum, and palladium products.

The Taxpayer Relief Act of 1997 played a pivotal role in expanding the range of precious metals holdings allowed in IRAs. This legislation now includes one, one-half, one-quarter, or one-tenth ounce U.S. gold coins and one-ounce silver coins minted by the U.S. Treasury Department, along with certain foreign coins.

At Western Platinum Capital, you will never pay retail prices, and you will always engage directly with highly experienced team members. Our team comprises leading industry professionals with extensive experience, having held senior positions at the largest retail precious metals firms in the U.S. We eliminate multiple layers of executive and shareholder compensation, working directly with you to secure the most competitive pricing on platinum and other precious metals.

For more information on IRA-eligible platinum coins, proof coins, bars, and rounds, or to learn more about rollovers, transfers, and other Platinum IRA details, feel free to contact us.


The Platinum American Eagle coin, authorized by Congress in 1996 and first released in 1997, is a highly popular bullion coin. Its eye-catching design, high platinum purity, and legal tender status make it a sought-after item. Weighing one troy ounce and made of 99.95% pure platinum, the coin is struck from one of the rarest metals in the world. Platinum is 30 times rarer than gold, and if all the platinum ever mined were combined, it would only fill a few inches of an Olympic-sized pool. Gold, by contrast, would fill three pools. Most of the world’s platinum is sourced from just five mines, four in South Africa and one in Russia.


The Perth Mint introduced the Australian Platinum Koala coin series in 1988 after the Australian government approved platinum and silver coin minting on June 18th, 1987. The American Platinum Eagle is among the few major platinum bullion coin programs still in production along with the Australian Platinum Koala. On the reverse of the 1 oz Australian Platinum Koala coin is an image of a koala, a unique symbol of Australia not found in the wild outside the continent. Coins from 1988 to 1997 feature a third-generation portrait by Raphael Maklouf, and from 1998 to present, a fourth-generation right-profile portrait by Ian Rank-Broadley.


The Canadian Platinum Maple Leaf Bullion Coins were first minted in 1988, continuing annually until 2002. Mintage resumed in 2009 and continues till now. The coins are .9995 Fine, making them highly pure. The design has changed annually with proof releases, privy marks, holograms, and commemorative variations in different metals, but the core features of the Maple Leaf have remained unchanged since 1979. The 2022 design features radial lines, a micro-engraved laser mark, and a privy maple leaf with the number 22 (for the year of issue) micro-engraved as a security feature only visible under magnification.


The Isle of Man have produced a range of platinum coins called Nobles since 1983. The range of weights start at one twentieth of an ounce and go up to ten ounces. They are not made every year in all sizes, the last one ounce size issued was in 1997. The reverse design features a Viking ship. The reason behind this is that the original noble coins were produced back in the 14th century, under the reign of King Edward III. The design on the original coins shows King Edward III with a ship.

Frequently Asked Questions

You can rollover or transfer the following types of accounts into a precious metal IRA:

  1. Traditional IRA
  2. 401(k)
  3. 401(a)
  4. 403(b)
  5. 457(b)
  6. TSP
  7. SEP IRA
  8. Non-IRA investment accounts (e.g. brokerage account)

Note: The IRS rules regarding precious metal IRAs require that the precious metal held in the IRA meet certain fineness standards and be stored with an IRS-approved depository.

A custodian is required for a precious metal IRA because the Internal Revenue Service (IRS) regulations state that all self-directed IRAs, including precious metal IRAs, must be held with a custodian. The role of the custodian is to oversee the management and administration of the IRA, ensuring that all transactions and investments meet the IRS rules and regulations. The custodian is also responsible for holding the precious metal and ensuring that they are stored in an IRS-approved depository. This helps to ensure the safety and security of the assets in the IRA.

A depository is required for a precious metal IRA because the Internal Revenue Service (IRS) regulations state that all precious metal held in a IRA must be stored in an IRS-approved depository. The purpose of using a depository is to ensure the safety and security of the assets in the precious metals IRA, and to provide an independent third-party storage solution for the precious metals.

The role of the depository is to hold and protect the precious metal investments, and to provide periodic statements and valuation reports to the custodian and the IRA owner. The depository is also responsible for the proper insurance and security of the precious metal, including any necessary measures to protect against theft, loss, or damage.

By using an IRS-approved depository, the assets in the retirement funds are kept separate from the custodian’s own assets and are protected in the event of bankruptcy or other financial difficulties. Additionally, having the precious metals held in a depository helps to ensure that the investments meet the individual retirement account rules and regulations for self directed IRA.

Precious metal are insured real property much like your home. However, unlike your home, which is limited to a very narrow pool of buyers, i.e. that specific property, at that specific price, in that specific zip code, etc., gold is recognized as money the entire world over. In fact, Gold is the second most traded commodity in the world after oil.

You can sell as much or as little of your precious metals to anyone, at any time, anywhere in the world. Where Western Gold Capital will be happy to provide an offer to buy back your metals, you are in now way obligated to sell back to us.

Absolutely! You can definitely have your precious metals delivered to your home. There are several different options and pathways to achieve this. Our experts will be happy to go through these options with you.
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