Tuesday, Nov 28, 2023

TOP 3 Silver IRA Companies 2023: Reviews, Comparison And Fees

Outlook for Brands

TOP 3 Silver IRA Companies 2023: Reviews, Comparison And Fees

 Discover the top 3 silver IRA companies 2023 and diversify your portfolio. Compare fees, explore rollover information, and learn about the advantages of investing in IRA-approved silver bullion bars and coins.

TOP 3 Silver IRA Companies
TOP 3 Silver IRA Companies

Top 3 Silver IRA Companies in 2023: A Close Look at the Best Silver IRA Accounts for Investment

This article does not constitute financial advice for precious metal IRAs. It is strongly recommended that you seek guidance from a financial advisor before engaging in any investment activities.

Are you looking to add silver to your retirement savings package? Silver is one of the four precious metals that you can invest in through an IRA. It's often the second choice for retirement savers after they have diversified some of their savings into precious metals like gold, which is held to be more stable during economic uncertainty. 

Gold is also highly sought-after as a reserve currency by central banks all over the world. It also has a larger market share. For instance, in 2019, the gold market was valued at $24.5 trillion, making it four times larger than the market size of silver at just $4.4 trillion (CPM's Gold and Silver Projections 2020). 

Investing in gold is therefore seen as a more reserved approach that may not see you capitalize on huge price fluctuations. So, retirement savers will often turn to silver if they have room for more risk and want to increase their potential chances for higher returns. The volatility in silver prices stems from its relatively small market size, among other factors. 

Buying and holding silver in an IRA is subject to different rules than if you're just buying silver coins and storing them at home. You'll need the services of a silver IRA company that will sell you IRS-approved silver and help you set up a new IRA account with a custodian. They can help set up the new account through a cash deposit or by helping you roll over part of your 401(k) or any other existing retirement account. 

Today's article has one simple goal. And that is helping retirement savers realize the options that are available to them in terms of silver IRA companies. We'll cover what these companies can do for you, how they work, their fees, and more. Let's get started:

Best 3 Silver IRA Companies 2023

•    Augusta Precious Metals : Best for Silver Coins and Gold 
•    American Hartford Gold Group : Best for Secure Storage 
•    Birch Gold Group : Best for Precious Metal IRA's

Augusta Precious Metals: Best for Silver Coins and Gold

Augusta Precious Metals

In every industry, there is a company that sets itself apart for its innovation, quality, and trust. Well, it's no different in the precious metals industry, where Augusta Precious Metals best leads the rest of the pack thanks to its wide selection of products, quality education, and solid track record with a nearly spotless reputation in its 10+ years in business since 2012. Isaac Nuriani, the company's founder and CEO, has shown a deep dedication to ensuring American retirement stability. He is recognized across the industry for his strong ethos and deep expertise. Isaac works alongside the CFO, Howard Smith, who has over 20 years of experience in banking and capital markets, and Devlyn Steele, the director of education, who is credited with accurately predicting the 2008 financial crisis. 

To invest in silver, Augusta offers a self-storage option where customers can have their silver bars and coins shipped to their preferred location through direct delivery. But if you need to take advantage of the benefits afforded by an IRA, you will need to open a silver IRA account by making a wire transfer — or by rolling over some of your savings from another account. The company works with Equity Trust as its preferred custodian. Augusta Precious Metal agent will help with setting up the account and transferring the funds, along with providing the assets that you buy. 

So, ideally, your precious metals IRA accounts will be with Equity Trust, but Augusta can serve as a liaison with the custodian, offering lifetime account support through the period.

Augusta doesn't charge any fees to its customers, but you will need to pay a setup fee for the precious metals IRA account that's paid to the custodian, along with maintenance and storage fees that will amount to $100. Now, all customers are eligible for the no-fee program for the next 10 years if they meet the minimum investment threshold. 

Let's look at how the precious metals dealer has been rated across the top review platforms, along with getting an inside perspective of their IRA accounts and their pros and cons. 

Augusta Precious Metals: Rating - Silver IRA

Lauded for its hassle-free silver IRA, no-pressure approach, strong customer service, and focus on education, here are the different ratings across various platforms for IRA Augusta Precious Metals: 

•    Better Business Bureau: A+ accreditation with 4.95/5 customer reviews with over 100 reviews.
•    Trustlink: An average rating of 4.9 out of 5. with 280 reviews
•    CreditDonkey: 4.95 out of 5 stars based on over 930 customer reviews.
•    Google: 4,9 out of 5 based on 330 reviews

Augusta Precious Metals: IRA Accounts - Silver IRA

Augusta offers both silver bullion and premium silver coins that can help you diversify your retirement savings and mitigate the risks posed by inflation.
Silver bullion is a form of physical silver that has a high level of purity, usually 99.9% or three nines fine. Silver bullion products include bars and rounds that are priced according to the market value of silver. Silver IRA Augusta precious premium coins are another option for silver investors. They have a numismatic value that depends on their rarity, design, and demand.

Some of the silver products Augusta offers include:

•    American Silver Eagle 1oz BU (Random Year)
•    Canadian Silver Maple Leaf 1oz BU (Random Year)
•    Austrian Philharmonic Silver 1oz BU (Random Year)
•    America The Beautiful - 5oz Cumberland Gap
•    America The Beautiful - 5oz Fort Moultrie
•    America The Beautiful - 5oz Effigy Mounds
•    Canadian Silver 5 Blessings 1oz
•    Exclusive 2020 Royal Canadian Mint 1.25oz Silver Soaring Eagle
•    Exclusive 2019 Royal Canadian Mint 1.25oz Silver Eagle with Nest
•    Exclusive 2018 Royal Canadian Mint 1.25oz Silver Eagle with Nest
•    Exclusive 2017 Royal Canadian Mint .25 oz Gold Eagle
•    Exclusive 2015 Royal Canadian Mint .5oz Silver Eagle
•    Silver Round 1 oz - Our Choice Hallmark

Augusta Precious Metals: Pros - Silver IRA

•    ZERO fees for up to 10 years
•    A+ rating on BBB
•    1000s of 5-star rankings
•    Money magazine: “Best Overall”
•    No pressure
•    Compliant and transparent
•    Best for ethics, and overall customer experience.
•    Free guides. 
•    Account lifetime service. 

Augusta Precious Metals: Cons - Silver IRA
•    Augusta Precious Metals has a high minimum investment amount of $50,000 that only established retirement savers might afford.

Augusta Precious Metals: Summary - Silver IRA
•    The no fee for 10 years program that everyone can qualify for is a major benefit.
•    The company has negotiated a low yearly fee for maintenance of only $100, which is quite affordable compared to competitors. 

American Hartford Gold Group: Best for Secure Storage

American Hartford Gold Group

Headquartered in Los Angeles, California, The American Hartford Gold Group ranks highly among its peers for its quality service, solid reputation, and accessibility. Its 10+ year record is evidence of the company’s prowess and experience in the sector, with reports suggesting that they have delivered about $1.5 billion worth of gold and silver to their clients. Sanford Mann, the founder and CEO, believes that professional customer service, coupled with a good deal, are key drivers in maintaining healthy business relationships for the long term.

Buyers can choose from different products, including investing in gold, silver, and other precious metals. To open an account, simply request a call with a company representative for guidelines on how to set up a new IRA account with their recommended custodian. 

American Hartford clients also enjoy additional perks such as constant news updates and trend analysis charts that can help them make more informed decisions.
The company also provides an elaborate educational framework where you can learn more about investing in silver and gold IRAs, their benefits, and how best to capitalize on market movements. 

American Hartford Gold Group: Rating - Silver IRA

The American Hartford Gold Group has a credible reputation for its silver IRA products. Here are some of the company’s accreditations: 
•    Ranked #1 Gold Company by the prestigious Inc. 5000’s 2021 List of America’s Fastest-Growing Private Companies.
•    Better Business Bureau (BBB) ranks the American Hartford Gold Group A++ with an average rating of 4.9/5.
•    Consumer Affairs: Top Rated for Four Years in a Row.
•    Inc 5000: 3-time winner.
•    Trustpilot: Perfect 5/5 stars based on 1,124 reviews

The products also enjoy IRA approval, and the company has been recognized by Forbes as among the best gold IRA companies. 

American Hartford Gold Group: IRA Accounts - Silver IRA

The silver IRA provider is keen on ensuring diversity for its consumer base. Buyers can opt for different IRA accounts depending on their individual preferences. Available Silver IRA products include:

•    Saint Helena Sovereign Silver St. Helena Mint
•    The Guardian 2 oz Silver St. Helena Mint
•    Australian Wildlife Silver The Perth Mint
•    Europa and Bull Malta
•    South African Krugerrand South African Mint
•    American Eagle U.S. Mint
•    Canadian Buffalo 2021 Royal Canadian Mint
•    Canadian Gyrfalcon Royal Canadian Mint
•    2014 Canadian Arctic Fox Royal Canadian Mint
•    100 Oz Bar Various hallmarks
•    5 Oz America The Beautiful U.S. Mint
•    John F. Kennedy's Brilliant Uncirculated
•    Morgan Dollar U.S. Mint
•    Mercury Dimes U.S. Mint
•    Austrian Philharmonic Austrian Mint
•    Valcambi Combibar
•    Valcambi Suisse

American Hartford Gold Group: Pros - Silver IRA

•    Easy to open an account
•    Excellent ratings on Trustpilot, B, BB, and other reputable sources
•    Access to IRA educational resources and free guides
•    Hassle-free buy-back program
•    Access to convenient shipping
•    Premium customer service support

American Hartford Gold Group: Cons - Silver IRA

•    Pricing for their products is not listed directly on their website. You need to schedule a call with a representative to inquire about prices which might waste your time.
•    There is a limited selection of precious metals as they don’t deal with platinum and palladium.
American Hartford Gold Group: Summary - Silver IRA
•    The American Hartford Gold Group has a stellar reputation and has been operating for over 10 years. 
•    Customers will appreciate its lower investment amount, which makes their IRA accounts more accessible compared to Augusta Precious Metals.

Birch Gold Group: Best for Precious Metal IRA's

Birch Gold Group

The Birch Gold Group is a highly rated and reputable silver IRA company that specializes in an array of precious metal products, including gold, silver, palladium, and platinum. They are headquartered in California, although buyers can talk to company representatives online through their website. Laith Alsarraf, the company’s Founder and CEO, has widespread experience in the IRA niche, having started the company in 2003.

The minimum starting investment for Birch Group clients is $10,000. Buyers enjoy additional perks and incentives for considerable investments above $50,000, for instance, having their first year’s fees waived. 

Members have access to educational guides and other resources that can help them make informed choices as they invest in silver. They also provide convenient buyback and rollover services, where your account representative will explain all the paperwork and work with your currency IRA company to transfer your funds.
Now, opening a Birch Gold Group account is also relatively straightforward. You only need to fill out their online form, after which a company representative will contact you and help set up your IRA account. They will also explain custodial and storage options. While they will not advise you on which coins to buy, they will show you popular coins that other buyers have bought.

Birch Gold Group : Rating - Silver IRA

The Birch Gold Group commands a lot of trust for its spotless reputation coupled with its diverse range of assets. Some of its accreditations and recognitions include:

•    TrustLink. The company receives an average of 4.9/5 Stars out of 129 Reviews.
•    Trustpilot. Birch Gold Group has a 4.9/5 Star 125 out of Reviews.
•    Google Reviews 4.8/5 Stars out of 220 Reviews.
•    BBB rates the company A+ on its platform.
•    Consumer Affairs 4.8/5 rating out of 114 reviews.

The company has also received endorsements from respectable personalities, including:

•    Ben Shapiro
•    Michael Knowles
•    Steve Forbes
•    Ron Paul
•    Peter Schiff
•    Dan Bongino

The company has also been featured in high-profile websites and magazines including Forbes and Investing.com

Birch Gold Group: IRA Accounts - Silver IRA

Birch Gold Group gives customers the option to choose between direct delivery, where they take physical possession of the coins, and secure storage at an IRS-approved depository. For silver IRAs, Birch Gold Group offers the following products:

•    Silver Brittania Coins
•    American Silver Eagle Proof
•    Morgan Silver Dollar
•    Peace Silver Dollar
•    Silver Twin Maples
•    Silver Polar Bear and Cub
•    America The Beautiful
•    Australian Florin

Birch Gold Group: Pros - Silver IRA

Here are some of the benefits of investing in Birch Gold Group Silver IRA products:

•    A relatively low initial amount of $10,000
•    Professional and personalized customer care services
•    Multiple storage options
•    Rollover and Buy-back options
•    Access to educational materials and guides
•    Bonuses where customers can get free coins
•    Simple fee structure 

Birch Gold Group: Cons - Silver IRA

The Birch Gold Group has a few limitations. Some of the cons include:
•    Doesn’t provide live prices for their coins and bars;
•    Customers can’t create an online account to track their purchases or quotes.

Birch Gold Group: Summary - Silver IRA

•    The Birch Gold Group remains among the top silver IRA companies and is a highly-rated platform for interested buyers. 
•    The company’s focus on education and customer support ensures a strong connection with its clients. 
•    Although it might have a few limitations, Birch Gold Group remains one of the best-rated IRA companies on the market.

How We Ranked The Top Silver IRA Investments Companies 2023

Top Silver IRA Investments Companies

We ranked the top silver IRA companies in 2023 by following a rigorous and transparent process. Here's how we did it:

Our experts started by checking out their websites. We looked at the support options, the availability of information, and free educational materials. We ensured that the silver IRA companies were not using high-pressure sales tactics or misrepresenting themselves as financial advisors.

Our team also considered the selection of silver coins and bars that each company offered. We wanted to see a variety of options that met the IRS standards for purity and quality. Our team also assessed the minimum investment requirement for opening a silver IRA account. We preferred companies that had low or no minimums or that offered incentives for larger investments.

But these were not enough. We also wanted to hear about the experiences of actual respondents concerning their excellent customer service. Our experts looked at their ratings with consumer protection agencies such as the BBB. We combed through their reviews on review sites such as Trustpilot. We looked for positive feedback as well as complaints and resolutions.

We're committed to providing accurate and unbiased information, so our reviews are never stale. We constantly update our lists and information on prices, products, and eligibility requirements. Our experts also monitor market trends and news to keep you informed about the best silver IRA companies in 2023.

What is a Silver IRA?

A silver IRA is a type of individual retirement account that allows you to purchase physical silver coins and bars. Unlike other IRAs, a silver IRA doesn’t hold paper assets like stocks or bonds but rather tangible assets that have intrinsic value, which provides a great way to hedge against inflation and currency devaluation.
To open a silver IRA, you need to work with a silver IRA custodian, which is a company that specializes in setting up and managing precious metal IRAs. The custodian will help you choose a self-directed IRA (SDIRA) that gives you more control and flexibility over your investment choices. You can select the type and quantity of silver coins and bars that you want to add to your account, as well as other alternative assets such as real estate, private equity, silver ETFs and mutual funds, cryptocurrencies, and more.

The custodian will also work with a storage facility that will keep your silver safe and secure until you are ready to withdraw it. There are two main storage options available: segregated and allocated. Segregated storage means that your silver is stored separately from other customers' metals in a designated vault or shelf. You can visit the facility and see your silver anytime you want. Allocated storage means that your silver is stored together with other customers' metals in a common vault or pile. You cannot see your silver individually, but you have a claim to a certain amount of it based on your account balance.

The storage facility will provide you with an IRA account number and digital access to monitor your holdings online. You can see the current value of your silver based on market price movements and track the performance of your investment over time. You can also buy or sell more silver through your custodian as you wish.

Finding a Broker Silver-Based IRA in 2023

If you are interested in investing in a silver-based IRA in 2023, you will need to find a reliable broker to help you buy the precious metals. A broker is a company that will sell you the silver coins or bars that you want to add to your IRA. They are not responsible for setting up or maintaining your account, as that is the job of the custodian, such as Equity Trust or Strata. They also don’t charge you any annual fees or storage fees, as those are paid to the custodian and the depository, respectively. The only fee that they may charge you is a one-time setup fee to open your account.

So, how do brokers make money? They earn their commission from the sale of the precious metals to you. They usually do not disclose the prices of the coins or bars on their website, as they fluctuate constantly with the market. You have to request a quote from them to find out how much they charge for the silver products that you want to buy. Therefore, the first important step is to ask for quotes from different brokers and compare them to see which one offers the best deal.
However, don't focus only on the prices of the coins or bars. Sometimes, they are hard to compare, as different brokers may offer different types of silver products that have different values based on their rarity, purity, or design. You also need to check if the brokers offer any incentives or discounts on the setup fee or the annual fees. For example, Augusta waives fees for customers who invest $50,000 or more for at least 10 years.

Finally, we recommend getting on a call with the brokers that you are considering. This will give you a sense of their approach and customer service. Are they educational or sales-focused? Do they answer your questions and concerns patiently and honestly? Do they pressure you to buy certain products or make quick decisions? These factors can help you choose a broker that suits your needs and preferences.

Verification of Company's Reputation and Legitimacy for a Silver IRA

Understandably, there are many reasons why you may not trust an online company located across the state, run by people you don't personally know. So, how can you better establish the legitimacy of a silver IRA broker?

The first thing to do is to interview the team. Shortlist your top three picks and call them. Yes, speak to the team, learn about them, their history, etc. With some of our IRA best picks, like Augusta Precious Metals, they can even put you on a live video call with them.

You now have a baseline from which to start your evaluation. Next, visit business verification sites like BBB.org. The company may be a member of other trade associations. Also, check if they have any complaints or situations where they were sued.

Now, for the most important part, check what other people have said about the company. Start with old reviews from last year and work yourself up to recent reviews. How should you treat negative reviews? Not all are deal breakers, check how the team responded. And if you're serious about a company, ask them if they improved on the complaints they had.

What is a Silver IRA Rollover?

A silver IRA rollover is the process of moving funds from one retirement account to an existing IRA account where you hold physical silver and coins stored securely at a depository. It’s not different from a gold IRA rollover, where you end up with physical gold coins and bars. Rolling over gives you more freedom and diversification in your retirement savings, as you can benefit from the long-term growth in the value of silver.

Silver IRA rollovers have been in effect since the 1997 Taxpayer Relief Act, which allowed retirement savers to diversify their savings with precious metals. If you had invested $10,000 in silver in 1997, when the price was about $4.50 per ounce, your silver IRA account would be worth over $200,000 today, assuming the current price of about $22.50 per ounce.

There are two different types of rollovers, and they are subject to different rules that you should follow to avoid tax penalties and fees:
•    Direct rollover: You transfer the funds directly from your old account to the new one without handling the funds yourself. This is the simplest and safest option.
•    Indirect rollover: You handle the funds yourself in an indirect rollover. They must be transferred to the new IRA within 60 days, or else the funds will be deemed a distribution and taxed accordingly. You are also allowed only one indirect rollover per year.

To start a silver IRA rollover, you need to choose a reputable IRA provider and a custodian who will buy and store the silver for you. You also need to decide what type of silver you want to invest in, such as bullion or coins. The IRA provider will guide you through the process and help you complete the necessary paperwork. Distributing funds to another retirement account is referred to as a “rollover contribution.” 

What is a Self-Directed Precious Metals IRA?

Self-directed IRAs are individual retirement accounts that allow you to invest in a wider range of assets than other IRAs. Unlike regular IRAs, which only let you own stocks, bonds, mutual funds, and other regulated investments, self-directed accounts let you own alternative assets such as precious metals, real estate, private equity, and more.

Self-directed accounts can be of different types depending on how you make contributions and how they are taxed. The main types are:

•    Traditional IRA: You make contributions with pre-tax dollars and pay income taxes when you withdraw money in retirement. Note that you don’t pay capital gains tax on traditional precious metal IRAs. 
•    Roth: Contributions are with after-tax dollars, allowing you to enjoy tax-free withdrawals in retirement.
•    SIMPLE: You make contributions with pre-tax dollars and your employer may match them up to a certain percentage. 
•    SEP: The IRA is meant for self-employed persons or small business owners, and they make contributions with pre-tax dollars, meaning that they will pay income taxes when withdrawing the money in retirement.

Reasons to Invest in Silver for Retirement in 2023

Many people have Traditional IRA or Roth IRA accounts that hold stocks and bonds. These accounts offer tax advantages and diversification, but they also have some risks and weaknesses. For example, market volatility can reduce the value of your investments. Keeping your retirement savings in cash may also seem safe and convenient, but it also has a major risk: inflation. For example, if you have $100,000 in cash earning 1% interest per year but the inflation rate is 3% per year, your money will only be worth $74,409 in 10 years.

Unlike stocks and bonds, silver has intrinsic value and doesn’t depend on another party to fulfill its obligations. You can also take physical possession of your metals if you want to. Other benefits of silver IRAs are:

•    Reduces risks posed by inflation, as metals tend to increase in value when the dollar loses value; 
•    Provide diversification, as metals often move in opposite directions from stocks and bonds. 

However, investing in silver is not completely foolproof. Precious metals, including silver, are still subject to the same market movements as any other commodity, and their price can fluctuate significantly depending on supply and demand factors. Silver is also more volatile than gold, meaning it can experience larger price swings. It’s similarly more susceptible to industrial demand, meaning it can be affected by changes in economic activity. 

How to Rollover your 401k to a Silver IRA

You can roll over 401(k) account savings to a silver IRA account. And the process is quite easy when working with a reliable silver IRA company, as they will offer guidance throughout the process. Here is what you can expect when rolling a normal IRA into a silver IRA:

1.    Pick your precious metals IRA broker 
The first step is to find the best silver IRA company. For this, you need to assess the company’s reputation, minimum investment amount, fees, availability of educational materials, and selection of silver products. Be on the lookout for promotions and offers, as they can also help you set up your account at more convenient rates.

2.    Open an IRA account 
The silver IRA company will help with the process of opening a new silver IRA account with their recommended custodian. You should have a new account number in under 24 hours.

3.    Start the rollover process 
After your account is ready, you can now initiate the rollover procedure. Your account representative will reach out to your existing IRA custodian to initiate the rollover process. They will guide you through the required paperwork.

4.    Purchase silver coins and bars
Once you have funds, the last step involves making a purchase. Depending on your investment preferences, you can opt for various physical precious metals, including silver, gold, or platinum. The physical metals will be delivered to your preferred storage facility.

Types of Silver You Can Hold in a Precious Metals IRA 2023

Buyers can choose to hold physical silver coins and bars in their IRA accounts. But there will be individual products to select from, each with distinct features, pros, and cons. So, it’s a good idea to first conduct elaborate research before settling on a choice.

You can choose silver producers within the country or products from overseas mints. That said, it’s recommended to only deal with IRA-approved silver when trading, as some malicious traders may attempt to sell you low-grade products that contravene IRA regulations. 

If you’re not sure about the product’s quality, you can always consult your company representative for more information. Your IRA custodian can also provide valuable input on issues concerning holding costs and other fees that may accrue from your assets. 

American Eagle Silver Coins

American Eagle Silver Coins

American Eagle Silver Coins are a popular choice for IRA traders as they are widely recognized and have an IRS stamp of approval.
American Eagle Silver coins were first minted in 1986 and contain 99.9% silver. They have a 1.000 troy ounce weight, reeded edges, and a face value of $1. The diameter is about 1.598 inches (40.60 mm).

Since their inception as per Title II of Public Law 99-61 (Liberty Coin Act, approved July 9, 1985), American Eagle Silver coins have been certified by the US government, with only three minting facilities authorized to produce the coins: the Westpoint mint, the Philadelphia mint, and the San Francisco mint.
The coins have slight variations that vary depending on where and when they were minted. The first coins, ``Bullion,” are distinct in that they don’t share mint marks with those produced during the later years. Other variations of the American Eagle Silver Coin bars include the “Proof” accentuated by a “P” mintmark and the ‘Uncirculated’ accentuated by a “W'' mintmark.

A review of the coin’s performance over the years highlights a considerable increase in value. However, the value of the coin depends somewhat on its production year, with older coins being deemed more valuable than recent additions.

American Eagle Silver coins have a broad circulation, making them readily available. You can buy the coins from a bank or a recognized IRA-accredited dealer.

Canadian Silver Maple Leaf Coins

Canadian Silver Maple Leaf Coins

The Canadian Silver Maple Leafs are an ideal choice for IRA investors looking for long-term investment options. They brandish the image of a Canadian Maple Leaf in their design (which also accounts for the name).

First minted in 1988 as per Canadian government guidelines and specifications, they have a 99.9% silver quality, which makes them one of the highest-quality coins to have. The Country's Royal Mint is responsible for the coin’s production, with unique specifications on size and weight. 

The specified weight for a Canadian Silver Maple Leaf coin is 1 troy ounce (31.10 grams). Additional specs include a serrated edge, a diameter of 37.97 mm (1.4948 in), and a thickness of 3.29 mm (0.1295 in). Coins have a face value of $5 and can act as legal tender.

Canadian Silver Maple Leaf coins have undergone three successful minting processes, with the most recent in 2014. The coins have three main versions, depending on their production year. The most recent is the 014 “Reverse”, followed by the 2003 “Obverse”. 

The Canadian government incorporated several security options from their original variant with the introduction of a micro-engraved laser mark and radial lines for authenticity and certification. You can find Canadian Silver Maple coins available for purchase on recommended IRA company catalogs and verified coin trading platforms.

Austrian Philharmonic Silver Coins

Austrian Philharmonic Silver Coins

The Austrian Philharmonic silver coin originates from Austria and has been a popular choice for IRA enthusiasts looking to stake a claim to the market.
Austrian Philharmonic coins have a 99.99% silver composition, making them one of the highest-quality silver coins available. The coin gets its name from the Austrian Philharmonic Orchestra, which also doubles up as the design emblem. Additional specifications for the coin include a reeded edge, a weight specification of 1 oz, a diameter specification of 37.0 mm (1.5 in), a thickness of 3.2 mm (0.13 in), a weight range of 31.103 g, and a current valuation of about 1.50 euros. The Austrian government also considers the coins legal tender alongside its other variants available in gold and platinum.

The silver version of the coin is a late entrant, with its first minting occurring in 2008. It continues to show signs of positive value growth and may be an ideal choice for traders looking for a coin to hold on to in the long term. It also enjoys reduced VAT in Europe, and its wide acceptance makes it an ideal choice for consideration. 

You will commonly find Austrian Philharmonic Silver coins for sale from reputable IRA companies and other recognized platforms, considering that 1.8 tons of the coins have been sold to buyers so far.

PAMP Suisse Silver Bars

PAMP Suisse Silver Bars

PAMP Suisse silver bars are not new to the market. Recognized for their unique ‘Lady of Fortuna’ branding, the bars are a popular choice for individuals looking to purchase weightier amounts of silver as opposed to coins.

They were first introduced in 1979 and were also the first to feature intricate crafting in the design. The coin’s design features the Roman god of prosperity complete with wheat sheaves, a horn of plenty, a wheel of fortune, and additional indicators. They are accredited by the Swiss Federal Bureau (SFB), where each bar is registered individually. 

Each bar has a standard weight of 10oz (311.03g) and features dimensions of 88.50 mm x 39 mm x 9.2 mm. The silver quality is 99.9% pure, making them a highly coveted brand on the metals market. Buyers can also check for PAMP certification as an extra precautionary measure when buying the product.

Buyers rank PAMP Suisse Silver bars highly owing to their excellent quality, precision design, and elegant packaging. You can source them from recognized platforms or through a reputable precious metal dealer. 

Johnson Matthey Silver Bars

Johnson Matthey Silver Bars

Johnson Matthey Silver bars are a high-quality product with a good reputation for quality, authenticity, and aesthetic appeal. They originate from the Johnson Matthey company, which initially started as a conglomerate between Norton Johnson and George Matthey. The company has operated since its inception in 1817, and its experience and reputation in the precious metals industry make its silver bars a highly coveted product among buyers looking to establish silver IRAs. 
Johnson Matthey Silver bars have a 99.99% silver composition and feature different size dimensions depending on their weight class. The bars feature a ‘Johnson Matthey emblem coupled with the bar’s weight in silver. 

1 Troy ounce (31.103 grams) has a length specification of 55mm by 28 mm in width and a 2.3mm thickness. You might also find heavier 1-kilo bars, but their occurrence is somewhat rare compared to the more popular 1-oz bars. Each silver bar also contains a unique serial number that buyers can use to verify the authenticity of the product. 

Why Are Silver IRA Companies So Popular in 2023?

Silver IRA companies are becoming more popular as people look for different ways to diversify their savings to safeguard their financial future. The trend is more common among retirees and savvy savers who are trying to limit their reliance on stocks and bonds. Additionally, there is mounting pressure on retirement savers to think outside the box due to recent upheavals in the markets due to global events like the COVID-19 crisis. 

Investors are also viewing self-directed accounts as a low-risk and long-term option for wealth accumulation, as silver products rarely lose value regardless of prevailing economic conditions. Market data also correlates with the fact that silver prices have increased over time. 

Standardization of the rollover process continues to facilitate the sector's growth by making it easier for people and IRA rollover companies to shift their savings for both short- and long-term durations. 

The government’s oversight and regulation over the precious metals market have also made retirement savers more secure and comfortable purchasing silver and other products. Certification has combated counterfeiting of the metals, and they even come with their own security features to establish their authenticity. 
Financial experts also project that the alternative IRA sector will also undergo considerable growth in the coming years, which will lead more people to invest in silver IRAs and other precious metal products. 

Conclusion - Silver IRA 2023

For 2023, some of our top-recommended companies that have managed to steer clear of scandals and negative publicity while delivering quality services have included:

•    Augusta Precious Metals: Best for Silver Coins and among the best gold IRA companies
•    American Hartford Gold Group : Best for Secure Storage 
•    Birch Gold Group : Best for Precious Metal IRA's 

The final choice will depend on your individual budget and preferences; for instance, you may not be ready to roll over $50,000 just yet. We also recommend taking the time to have a call with the company and getting to know them.


Is a silver IRA a good investment? 
Silver IRAs offer a valuable opportunity to diversify retirement savings by investing in gold or silver. Authorized and designed for this purpose, they enhance the potential for a well-rounded retirement income within your account.

How does a silver IRA work? 
Silver IRAs, also known as silver individual retirement accounts, provide a secure investment option by holding physical gold and silver within your IRA. Operating similarly to traditional IRAs, silver IRAs replace paper currency with tangible silver coins for added value and diversification. 

Can I hold silver in my IRA? 
In the past, IRAs were limited to holding US Eagle gold and silver coins. However, current regulations now allow IRAs to invest in tax-exempt gold, silver, palladium, and platinum coins, expanding the investment options available within an IRA. 

What are the benefits of a silver IRA? 
Silver IRAs provide diversification benefits and serve as a hedge against inflation. Like gold, silver is held in the form of bullion coins and bars, allowing investors to choose from a range of weights and sizes based on their preferences and investment goals. This flexibility adds to the attractiveness of silver IRAs as an investment option. 

How do I get a silver IRA? 
To get a Silver IRA, follow these steps: select a custodian, open an IRA account, fund it, purchase silver, choose storage and management, and regularly monitor your account.  

Disclaimer : The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.