Are you a fan of Greek mythology? Are you someone who collects silver coins? What about someone looking to diversify your IRA portfolio?
Whether you answered “yes” to one or more of these questions, you might be interested in a very specific silver coin known as Europa and The Bull Silver Coin. This is a legal-tender coin from the country of Malta and a coin that is IRA-eligible. But, not all coins are IRA-eligible, and determining which are and which aren’t can be difficult.
Before you decide to put your hard earned money down on any coin, check out this review of Europa and The Bull to determine if it is the right coin for you.
About Europa and The Bull Silver Coin
If you remember back to high school, you’ll recall that Zeus is the king of the gods. One day, as Zeus often does, he became obsessed with the Phoenician Princess, Europa.
To trick her, Zeus turned himself into a white bull and whisked Europa away to Crete, a place far from her home in Phoenicia. This Greek myth is the basis for the Europa and The Bull silver coin.
Europa and The Bull Silver Coin At a Glance
- Composition: 1-ounce .999 fine silver
- Minting Location: Malta
- Obverse Design: The crest of the Central Bank of Malta
- Reverse Design: Europa riding the bull transformed by Zeus
- Face Value: €1.50 (EURO)
- IRA-Eligibility: Yes, this coin is eligible to be held in an IRA
Coin Design and Value
This is a beautiful coin to look at aside from its financial benefits. On the front, or obverse, of the coin, you will see printed the crest of the Central Bank of Malta and the face value of 1.50 Euro cents. The reverse of the coin features the Bull (Zeus in disguise) being ridden by Europa. There is also a circular pattern of waves around the image, as well as the mint date.
The value of Europa and The Bull Silver Coin will be related to the spot price of silver. It will also possibly have a slightly higher value because of the design and of course, supply and demand.
To determine what the value of your coin may be, check out the spot price of silver for any given day or reach out to a precious metals dealer who can give you a more accurate estimate.
Adding Europa and The Bull Silver Coin to a Precious Metals IRA
The IRS has specific requirements for the coins that can be included in an IRA. For example, the IRS requires that a silver coin must be at least 99.9% pure silver to be held in a precious metals IRA.
Europa and The Bull Silver Coin meet that requirement, making them IRA-eligible. The best way to add this coin to your portfolio is to reach out to a precious metals provider or a custodian to find out the best way to do so.
Is Europa and The Bull Silver Coin a Good Investment?
Most financial advisors will recommend that you diversify your retirement account. This protects you from the flux of the stock market and the uncertainty that can affect more traditional investments.
But, deciding on this specific coin, or any other type of precious metals will depend on what you’re looking to do with your investments and what your goals are.
Certainly, the value of Europa and The Bull Silver Coin will likely continue to remain stable or increase, just as with any other precious metals.
So, if you’re a fan of Greek mythology, you’re looking to diversify your IRA account, or you just want a good coin for your collection, you may want to consider Europa and The Bull Silver Coin.
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