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The US Has 4.6 Million Foreign Gold Coins Stashed in a Vault in New York
jt88
Posts: 3,594 ✭✭✭✭✭
Good thing I don't collect those coins, otherwise the price will drop when those coins come to market.
https://motherboard.vice.com/en_us/article/594bea/americas-stash-of-gold-coins
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I would take it that story with a grain of salt.
--Severian the Lame
Most of what's described in this article are things that sell wholesale for 98-99% of melt.
What is now proved was once only imagined. - William Blake
Bullion is not collected, it is stacked, if there is even any truth to the story. Never heard of "Motherboard".
I am sure is true. You can download the PDF document in the article to check out the coins.
Probably a more reputable source then
https://www.coinworld.com/news/us-coins/2018/05/west-point-mint-storing-millions-of-foreign-gold-coins.all.html
"You Suck Award" - February, 2015
Discoverer of 1919 Mercury Dime DDO - FS-101
The article references 1987 dated audit documents recently released under an FOIA request. I can believe that the coins exist, but if they were there 30 years ago, and are still there today, why would they be disposed of precipitously?
I have heard widely disparate opinions on the 'Vice' website itself.
1987?
This is 2018.
The information shown in the linked Coin World is pretty decent.
Presumably a more thorough audit like the one in 1986 is only conducted once in a great while, and then supplemented with some kind of (lesser) annual physical inspections.
Thirty years might be too long between full-blown audits, if that's what has happened. We are all kinda assuming the gold is still at West Point.
It would also be neat to go through those British sovereigns like the GSA went through the Carson City silver dollars back in the early '70s, with an eye towards preparing the better collectible sovereigns for eventual sale to collectors.
If they sell them at 98% melt like someone suggested earlier I will buy some. LOL
What, no guineas?
The Mysterious Egyptian Magic Coin
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Seems credible to me. And I would expect at least some rarities to be included. Some in quantity.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
If you go to the article and click on "cache of documents", scroll down to the last page and check out the "historical assets".
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Wow, interesting !!!
" I would expect at least some rarities to be included. Some in quantity"
Isn't that an oxymoron?
These are beautiful, collectible, real coins. World Gold super Investment Buy.
It they were to release them for sale close to melt would be a buyer. These coins have a numismatic value in excess of BV. I would value / retail slabbed examples based on NGC World Gold Priceguide.
Audit the Fed.
Best place to buy !
Bronze Associate member
Such an immense vault of gold coins would be great fun to peruse....Just a casual stroll through the area, opening a few bags and fondling the gold coins...Or cut open the bags and do a Scrooge McDuck dive and roll around on them .....
OK.. early morning, still dreaming... 
Cheers, RickO
I wasn't even alive on 1987
The Treasury has long maintained a quantity of small gold coins for use in military, diplomatic and intelligence operations. Some of these were in Vietnam era pilot kits, others used to pay for information from local sources and so forth. The coins were obtained as part of normal commercial transactions in the 1930s and later. a few million dollars worth were melted to make the Saudi gold discs familiar to coin collectors.
Much larger quantities exist in Europe where they were a large part of looted gold during WW-II.
Data on all of these has been available for many years, although some of the Tripartite Commission for the Restitution of Monetary Gold documents were not declassified until the mid-1990s. (The final report was issued in 1998.)
A good book on the subject of Nazis and European gold is:
Chasing Gold: The Incredible Story of How the Nazis Stole Europe's Bullion by George M. Taber, published in 2014 by Pegasus Books.
Much of the gold moved around Europe then was in the form of pre-1930's gold coins from countries including the United States, Norway, France, Spain, and Portugal.
The Mysterious Egyptian Magic Coin
Coins in Movies
Coins on Television