Silver Coins vs Bars

Silver coins are better for beginners. Sovereign mint coins like American Silver Eagles and Canadian Maple Leafs are universally recognized, highly liquid, and harder to counterfeit. While premiums are higher, the liquidity and recognition are worth it when you're building your foundation. Once you have 50-100 oz in coins, consider adding bars for lower premiums.

Sovereign coins typically sell closer to spot price and are easier to sell. Coins from government mints (US, Canada, UK, Austria) command consistent premiums and can be sold anywhere. Bars may sell at a slight discount if they're from less-recognized refiners. However, well-known bars (PAMP Suisse, Johnson Matthey) hold their value well.

Silver bars have lower premiums, especially larger bars. A 100 oz bar might carry a 5-8% premium over spot, while American Silver Eagles typically carry 25-40% premiums. However, the lower premium comes at the cost of reduced liquidity - you must sell the entire bar at once.

Yes, both IRA-approved coins and bars can be held in a Silver IRA. Coins must be from sovereign mints and .999+ fine (American Eagles are .9993). Bars must be .999 fine from NYMEX/COMEX-approved refiners or national mints. Your IRA custodian can advise on specific products.

A common approach: Start with 100% coins to build a liquid foundation (first 50-100 oz). Then transition to 70% coins / 30% bars for balance. Experienced stackers with larger holdings might go 50/50 or even bar-heavy to minimize premiums. The right mix depends on your goals and timeline.