First State offers a variety of rare coin and precious metals bullion custody services to institutional, commercial and individual investor market participants having a wide range of business and/or investment needs. Accordingly, First State has structured a number of depository account options from which a potential customer can choose, in order to best fulfill that customer’s requirements.

Individual Custody-Plus Account

Includes FREE Segregated Storage with Every Account

First State offers an Individual Custody Account featuring only segregated storage. An individual customer (e.g., an investor) establishes a custody account by returning an executed Individual Custody Agreement.

Corporate Custody-Plus Account

Includes FREE Segregated Storage with Every Account

The Commercial Custody-Plus Account provides commercial entities requiring individual product examinations and more exacting and detailed data reporting to support their business operations with the services they need.

For example, this service provides for the verification, storage and reporting of individual certified coins (and bullion coins if desired), by metal and type, mint year and/or mint mark, and complete product description, rather than simply by the coin’s metal type and size only.

An additional example includes the determination and confirmation of proof coins as coming either with, or without mint certificates. Call First State for more details.

Foundation – Charitable Trust – LLC Custody-Plus Account

Includes FREE Segregated Storage with Every Account

The Foundation-Charitable Trust-LLC Custody-Plus Account provides entities requiring individual product examinations and more exacting and detailed data reporting to support their operations with the services they need.

For example, this service provides for the verification, storage and reporting of individual certified coins or other assets (and bullion coins if desired), by metal and type, mint year and/or mint mark, and complete product description, rather than simply by the coin’s metal type and size only.

An additional example includes the determination and confirmation of proof coins as coming either with, or without mint certificates. Call First State for more details.

Collateral Custody Account

Includes FREE Segregated Storage with Every Account

Through First State’s specialized Collateral Custody Service, as an investor or as a commercial enterprise, you can pledge your coin and bullion assets as security for lending transactions you may wish to conduct with a bank or through a financing company, without incurring needless handling or shipping costs.

Once First State’s specially tailored three-party collateral custody agreement is executed between and among you, your lender and First State, we can transfer your assets to a newly established collateral account as security for your lender, so that your loan can be made.

Once your loan obligations are satisfied, your lender will instruct First State to transfer your assets back to your account, free and clear.

IRA Custody Account

Requires A Self Directed IRA Account – Click Here for Info on Setting Up and IRA Account

In order to Open an IRA Custody Account, you MUST either already have a self Directed IRA established, or your NEED TO OPEN a Self Directed IRA with an IRA administrator such as New Directions IRA.

Setting up a Self Directed IRA is simple, however there are mandatory rules enforced by the IRS that govern these types of IRA accounts that must be followed, along with specific reporting requirements. For instance, you may not be in physical possession of the Bullion assets held within your IRA. These must be secured in a depository or independent facility. Fortunately there are companies that specialize in the setting up and administering of self Directed IRA’s such as New Directions IRA Inc..

401K Custody Account

Requires A Self Directed 401K Account – Click Here for Info on Setting Up and 401K Account

If you are currently the owner of a self-directed Individual 401k plan, First State can set up a 401K Custody account for you to  handle both your current and future storage needs.

If you have an Employer Sponsored 401K Plan, the details of purchasing precious metals within the plan vary based on how the “plan document” was created and approved by the IRS, but in almost every case, the plan can be modified to allow metals, or it may be as easy as the company electing to include it from a menu of available options.

If you want to move all or a portion of your retirement plan to metals, call your retirement plan official at your employer and request they add a precious metals option.