Do gold coins still circulate?

RWM

I bumped into a card guy today in the hallway. He was coming from a show and we talked about baseball cards for awhile. I asked if he collected anything else and he told me he grabs any old money that comes into the grocery store where he works. From the box of cards he was holding he produced a five dollar bill from the fifties and a twenty dollar bill from the nineties. He was very proud of them, but it was clear he was not a coin or currency guy.

So of course I had to ask, "What is the best thing that you've seen come in? "He replied, "Several months ago a cashier was counting out and I saw a coin that turned out to be worth $2.50. It was from the like the 1920s. She didn't know anything about it and I knew it had to be worth something. I got a little over $200 dollars for it. I don't know if I should have sold it or held on to it."

So the answer is yes.

TomB

Well, they circulate when someone steals their parents' collection or when grandma dies and they inherit her stash and blow through it. Otherwise, of course, they don't. Stories like yours always make me sad.

jedm

They seem to circulate mostly between men who mail them back and forth across the country all the time.

morgandollar1878

Do gold coins circulate? No, not on purpose.

Zoins

If a coin dealer takes gold bullion in trade, is that circulating?

roadrunner

Gold coins probably circulate quite a bit in China and India. And they would sell for their gold content....not their stamped "face value."

Jimnight

I guess anything is possible!

johnny9434

You never know. Right place right time

ricko

Not as currency in normal trade.... but they circulate a great deal among collectors and dealers. Cheers, RickO

amwldcoin

Gotta wonder how many store clerks would call the police if ya tried to spend a Twenty Dollar Gold Piece.

291fifth

I'd take any US gold at face value!