The problem ...is there is no way to sell those types of coins, in such good condition, rare dates, without attracting attention...
Melt them. $2.5 million in gold is worth more than $0 after you're forced to give it all back.
Now that is a lousy idea. Here’s why.
A US gold coin is easily “authenticated”. A few of the coins in the hoard are worth about $1 million dollars each, to collectors. All of them worth far more than the melt value. The gold content of a $20 gold piece is about $1600 at today’s spot price, or near enough.
But if someone actually were to melt one down, it isn’t worth near $1600 any longer. It’s just a blob of unrecognizable gold, and without assay a dealer can’t be sure of the purity. At least that’s what they’ll claim anyway.
They’d probably offer about 75% of the actual value, maybe even less. Not sure exactly, but most definitely a big discount.
So a coin worth $1 million is turned into maybe $1000 bucks? Stupid!