https://cashforanycoins.com/wp-content/uploads/2021/08/How-to-Sell-Your-Coins-From-Your-IRA.webp6001200CFAC News Teamhttps://cashforanycoins.com/wp-content/uploads/2022/03/cfac-logo-top-nav-padded.pngCFAC News Team2021-08-25 09:44:042022-05-05 08:52:19How to Sell Your Precious Metals From Your IRA
How do I know my precious metals are safe while in transit?
We fully insure your shipment by its worth including weight & type (spot price) not its face value.
How does shipping work?
We email you a fed ex label to print out. You pack the coins as we instruct you with some requirements. Take box(es) to FedEx or to schedule a pickup from your home call (888) 421-1745. Your coins get shipped via FedEx overnight to our depository in the state of Delaware. You can track your package while in transit on the FedEx website with your tracking number.
Do you charge a fee for shipping my coins?
No, we pay to securely ship your coins or bullion and cover the value (spot price) of your precious metals while in transit to our depository for authentication.
What mints can I sell to you?
We have 200+ coin images located in the “I Know What Coins I Have” section from the four mints: US MINT, ROYAL CANADIAN MINT, BRITISH ROYAL MINT & SUISSE PAMP. There are more popular private and government-issued bullion coins and bars, rounds & ingots.
How do you determine the sell to us amount for gold, silver, platinum & palladium coins, and bullion?
Some bullion coins carry a premium over their “melt value” or “spot buy”. Because the market price of gold and silver fluctuates daily, the value for common gold and silver coins will be based on current market value. The most important factor is condition and rarity.
I’m the surviving spouse, can you help me with my inherited IRA?
The heartbreak of losing a spouse is heavier than a mountain. No one cares about money and paperwork in that moment. Life is bigger than that.
We’re here to help. As a surviving spouse, you are legally and morally entitled to those resources. We make the process as easy as possible. We’ll make a fair market value offer. If you accept it, we’ll handle most of the details so you can focus on what really matters.
Do you charge a commission or any additional fees on any part of the process?
No, we pay out 100% of the agreed price to your authorized custodian – No commission, surcharge, or fee of any kind.
Can my custodian facilitate third-party sales of my precious metals IRA holdings?
No, your custodian cannot buy, sell, or exchange precious metals. You will need to work with a precious metals broker such as us.
How quickly will I receive my money?
Once you accept our offer and authorize your custodian to transfer your precious metals to us, we overnight a check to your custodian. Only then will your custodian transfer the precious metals to our depository.
How do I liquidate my IRA precious metals account with my custodian?
The first step is to approve the amount offered from your precious metals dealer to sell them your coins from your IRA. Second step is both parties sign the client authorization form. This will allow your precious metals dealer to speak to your custodian directly to expedite the transaction.
What is a Required Minimum Distribution (RMD)?
A required minimum distribution (RMD) is the minimum amount that the IRS requires you to withdraw from your IRA each year, usually after you turn 72 (or 70½ if you turned 70½ on or before December 31, 2019). The exact amount will vary from year to year based on certain factors.
Because RMD requirements can vary, speak to your financial advisor before deciding how much to sell, or use this RMD calculator to determine your minimum based on age.
Use our free RMD CALCULATOR (click here) to determine how much money you need to take out of your IRA.
How do I take a required minimum distribution (RMD)?
First step is to determine the required amount you would like to withdraw. Second step approve the amount offered from your precious metals dealer to sell them your coins. Third, both parties sign the client authorization form. This will allow your precious metals dealer to speak to your custodian directly to expedite the transaction.
Is the Required Minimum Distribution (RMD) amount the same for everyone?
Not everyone’s retirement plan looks the same and not everyone has invested the same amount during their working years. Because of this, the amount individuals need to withdraw yearly will vary and depend on a variety of factors.
What happens if I don’t withdrawal annually my Required Minimum Distribution (RMD)?
If you don’t withdraw your required minimum amount from your IRA, you’ll be fined. The penalty is a 50% tax on the amount of money that was not withdrawn in time.
Can I sell you my wheat pennies?
We don’t buy copper. We buy gold, silver, platinum & palladium coins & bullion.
Can I sell you my pennies, nickels, dimes, or quarters?
We don’t not buy these coins due to the low metal content.
What’s the smallest silver coin I can sell?
Silver Walking Liberty, Kennedy, or Franklin Silver Half Dollar.
Do you buy modern coins?
Eisenhower, Susan B. Anthony, Sacagawea are always popular, and many people collect them, but at this time we are not buying them.
Can I sell you my commemorative coins?
These can be tricky, but the short answer is no. Commemorative coins are manufactured & sold to cater to coin collectors who enjoy a certain athlete or time in history. The fair market value we offer is based off the weight and metal content of the coin. Some people may want to keep the inherited collection for sentimental reasons.
Do you buy coins form foreign countries?
It depends. Here is photo samples of coins we have gotten submission on we could not make an offer due to not meeting the $1000 minimum sell to us amount:
Here are photo samples of gold foreign coins we were able to buy because the value was over $1000 for the set:
I am unsure what type of coins I have?
You can upload a photo of the front and back of coins or the list of coins in our “Need Help With A Coin” section. Lay Maximum of 6 coins on a neutral surface (not white) front side up, take photo and flip coins to back side, take another photo. EXAMPLE:
What if I just have 1 coin to be valued?
We have a $1000 sell to us order minimum.
Example: If it’s a coin from the following four mints:
ROYAL CANADIAN MINT
BRITISH ROYAL MINT
The weight of the coin would at least need to weigh ½ ounce or more to meet the minimum.
We are a trusted precious metals dealer located in the heart of the historic California Gold Country. We are dedicated to making your experience with us SIMPLE, SECURE & SPEEDY.
Click on the different category headings to find out more. You can also change some of your preferences. Note that blocking some types of cookies may impact your experience on our websites and the services we are able to offer.
Essential Website Cookies
These cookies are strictly necessary to provide you with services available through our website and to use some of its features.
We provide you with a list of stored cookies on your computer in our domain so you can check what we stored. Due to security reasons we are not able to show or modify cookies from other domains. You can check these in your browser security settings.
Other external services
We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Changes will take effect once you reload the page.
Google Webfont Settings:
Google Map Settings:
Google reCaptcha Settings:
Vimeo and Youtube video embeds: