MCM (ModernCoinMart) would like to be your source for IRA eligible precious metals bars and coins! The following is a list of steps for purchasing precious metals from MCM for your IRA account. These steps MUST be followed in the order they appear here. Bookmark this page or add it to your favorites and come back any time you need to reference these instructions.
MCM is NOT the administrator of your IRA account. Below is a list of account adminstrators for your choosing that will work with you to place metal into your account. We can help you with the process of opening the account, but we cannot open it for you. You must be in direct contact with the IRA Administrator to complete the process. Visit the following sites then carefully select which IRA administrator you would like to use (listed in aplhabetical order):
Once your funds are verified in your account, you may:
Once the items are ordered and funds clear from your account, we will immediately ship your precious metals items to your chosen holding facility. MCM does NOT serve as a holding facility for your account.
The following is a list of most of the approved items allowed in a Precious Metals IRA account. Contact your account administrator for a complete, detailed list:
Certified coins are NOT allowed in a Precious Metals IRA. Additionally, neither Krugerrands nor Proof American Gold Buffalo coins are allowed in Precious Metals IRAs. Contact your account administrator for a complete, detailed list.
Unfortunately, no. All of the precious metals to be included in your IRA must be purchased AFTER opening the IRA account.
The law requires that your precious metals investment be placed in a secure facility. Most IRA account administrators will give you a choice of secure facilities in which your precious metals holdings can be stored.
In most cases, yes. Speak to your IRA administrator of choice for details.