New Direction Meets New IRA-Eligible Britannia Gold and Silver Bullion Coins
LOUISVILLE, Colo., Aug. 26, 2015 /PRNewswire/ -- New Direction IRA, Inc. representatives were invited by The Royal Mint to see their latest bullion offerings; specifically gold and silver Britannia bullion coins eligible to be held in an IRA or HSA.
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Based in Wales, The Royal Mint has a 1,000-year heritage of minting coin for daily exchange, and its minted bullion coins have long been popular in Europe and other markets across the world.
It was in 2012 that The Royal Mint announced a new specification for the organization's legendary Britannia coin which, whilst still featuring the celebrated Philip Nathan design for which it is renowned, became available from 2013 in 99.99% pure 1oz gold and 99.9% pure 1oz silver for the first time.
The move was made in recognition of the worldwide demand for coins of higher purity; specifically those with fineness that the futures markets require for metal delivery, which are .995 for gold and .999 for silver. Not coincidentally, those minimum purity levels match those required for coins to be held as bullion in an IRA and HSA.
This led to The Royal Mint's Britannia gold and silver bullion coins minted 2013 and later being eligible for purchase by owners of the United States' individual retirement accounts (IRAs) and Health Savings Accounts (HSAs).
Nick Bowkett, Bullion Manager at The Royal Mint, said, "We are delighted that since March 2013, our enhanced Britannia bullion coins have been recognized for use within the USA's IRA structure.
"This further advances our drive to combine our proud heritage and expert craftsmanship with a progressive outlook to provide a quality bullion service to markets across the globe."
The Royal Mint attended the August 2015 American Numismatic Association World Money Show in Chicago, where they met with New Direction – an exhibitor at the show – with the intention of increasing awareness about the new eligibility of post-2013 Britannia issues in IRA and HSA accounts. The higher purity of the Britannia series also makes the coins eligible for purchase in the UK under their Self Invested Personal Pension.
"By offering Britannia gold and silver bullion coins we are helping to offer more choice to US IRA and HSA customers," said The Royal Mint's Nick Bowkett.
New Direction President and Co-Founder Catherine Wynne noted the striking image of Britannia on the 2015 one-ounce gold and silver coins, "We learned that the image changes every few years, with new artists being commissioned to create their own unique images," commented Wynne.
New Direction also received the opportunity to examine the upcoming Lunar Coin series from The Royal Mint. This program, in its third year, mints a new coin annually following the Asian lunar calendar. For 2016, "The Year of the Monkey" coin will be available in gold and silver, and will meet IRA purity requirements. The latest Lunar coin design follows The Year of the Horse and The Year of the Sheep and is minted in limited quantities.
New Direction IRA is a trusted provider of investor education and record keeping services for self-directed IRA holders. Since its inception in 2003, New Direction has been at the forefront of the self-directed retirement investment market. The company enables investors to use tax-advantaged retirement funds to purchase assets such as real estate, precious metals, LLCs, notes, lending, and more. Headquartered in Louisville, Colorado, New Direction IRA administers more than $1.1 Billion in assets on behalf of over 11,000 account holders. Visit the website at NewDirectionIRA.com.
New Direction IRA, Inc.
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SOURCE New Direction IRA, Inc.
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