What would you do with a lot of pure gold coins? (rates, deposit)

[theatomicbomb90]

I have around 20 1 ounce gold coins I inherited when I was 18. Right now it's just sitting in a bank locker. I don't really need the cash and honestly, I had forgotten about it until now. I have money in the market and real estate, so what do I do with it?

[GeoffD]

I'd put them with my 3 year food cache and guns & ammo at my walled off-the-grid 50 acres far from civilization.

If you don't think the zombie apocalypse is coming, sell the coins and invest the money somewhere that has a better return.

[cdelena]

I have few left... I just wait over the years for one of the little panics that drive up gold and silver and sell some off. I have no need to keep them but no need for the cash so I am just patient.

[Thatsright19]

The same thing I do with all of my gold Doubloons.

Bury them underground in an ornate chest that’s charted only by my super secret map.


What’s a pirates favorite letter?




The “c”

[Preston3124]

Originally Posted by Thatsright19

The same thing I do with all of my gold Doubloons.

Bury them underground in an ornate chest that’s charted only by my super secret map.


What’s a pirates favorite letter?




The “c”

I thought it was RRRRRRRRR

[ukrkoz]

1. gold is not growing on the trees.
2. though they say so, we are ways far away from having cheap gold synthesized out of ocean water
3. I don't think new rich in gold ore mines are popping daily in the world.
4. it only went up in price, with some hiccups, of course.
5. it does not ask for food, drink or maintenance.

Do what you did before. Set it and forget it.

[Mr. Lee]

Hang onto it as one of your holdings. Should the dollar ever crash, not likely but possible, then you will be glad you have it.

[BostonMike7]

Do they have any numismatic value beyond metal content? Are they graded?


It's one thing for them to be valued at spot metal, and another to have a premium based on year, and type of coin.


What would I do? Unless I was in a financial panic mode, I'd lock them away in a safe deposit box or my own personal safe

[theatomicbomb90]

Originally Posted by BostonMike7

Do they have any numismatic value beyond metal content? Are they graded?


It's one thing for them to be valued at spot metal, and another to have a premium based on year, and type of coin.


What would I do? Unless I was in a financial panic mode, I'd lock them away in a safe deposit box or my own personal safe

naw. I have 20 gold coins my grandfather got me when I was born. They would be the 93 or 96 equivalent to this


https://catalog.usmint.gov/american-...-coins#start=1


I also have a few "coins" that aren't minted or anything. It's just old baby jewelry and other gold jewelry I thought was ugly, but was worth way more than what the "We buy gold" people wanted that I got melted down into a few coins. Ideally, I'll have them reshaped into some customize jewelry for whatever kid I have.

[dspguy]

I have a similar question as the OP, except I might be looking to cash in on them. How do I go about doing this? They are listed as 0.9999 pure 1oz coins. What do I do to get closer to market rate? I've seen them selling for roughly the market price, but how does a private owner go about selling them?