Owning Nazi gold and silver

[darkninja1985]

Just out of curiosity really, is it a bit of a taboo subject in the world of coin collecting to own/collect nazi gold or silver? Quite new to this and just notice sellers selling nazi metals. Wasn’t sure how people felt about it due to the history etc. 
 

Would be great to hear everyones thoughts on the subject. 

[kimchi]

A very good and interesting question  

No time right now but I look forward to returning to this topic, contributing, and to see what others think!

 

[pricha]

Each to their own i guess. But I see no attraction in these coins at all. Many people say they collect coins to pass on to family . I certainly wouldn't want my kids to find a hoard of Nazi coins .   

[Leonmarsh]

It's a coin not hitlers pubes

Remeber the atrocities the UK  have caused dating back 100 of years murder, slaughter, taking over countries no one objects to the queen's coins 

USA native Americans? 

History should never be forgotten its what makes us grow but at the end of a day its a coin 

[modofantasma]

41 minutes ago, Leonmarsh said:

It's a coin not hitlers pubes

Remeber the atrocities the UK  have caused dating back 100 of years murder, slaughter, taking over countries no one objects to the queen's coins 

USA native Americans? 

History should never be forgotten its what makes us grow but at the end of a day its a coin 

My first thoughts were similar, well except that I wasn't thinking about Hitlers pubes. 
Is there any country that hasn't fought or invaded or caused harm to people? 
If anyone wants to get rid of any bits of metal or paper with the queens head on it then drop me a message  

[CollectForFun]

Is there even any gold coin connected with that historical period? I am aware only of silver coins.

Regarding owning them - I think it really depends on your motivation. If you are only stacking silver, then I guess you do not really care what object is made of it. Main thing it's silver and even better if under spot, no? I think this is how some posters above see this.

Now, if you're a collector, you probably have certain areas of interest - you can't collect everything. So does this collecting area fall under your interests? If yes, e.g. because you collect coins of Germany, or coins from that period of time in general, then it is only natural that they belong to your collection as historical artifacts. Or maybe they have aesthetic appeal to someone.

Personally, I have no collecting interest in those coins, but I can understand if other collectors do. But of course I speak about numismatic collectors only, not about someone with inclination to the ideology behind those coins as such. And unfortunately, many times the latter can just pretend to be the former, so collecting such material can raise some eyebrows...

Edited July 6, 2021 by CollectForFun

[Gordy]

1 hour ago, Leonmarsh said:

It's a coin not hitlers pubes

Remeber the atrocities the UK  have caused dating back 100 of years murder, slaughter, taking over countries no one objects to the queen's coins 

USA native Americans? 

History should never be forgotten its what makes us grow but at the end of a day its a coin 

I once heard that Hitler vajazzled.... 😂

[Midasfrog]

The same gold was in circulation and recycled thousands of years before the Nazis . 

Vikings , Saxons , Romans , Normans all past their gold onto us and part of it is in every gold coin we hold 😀

 

[MickB]

Isis (Islamic State) made some gold coins but they were or still are illegal to own. That's a part of history more recent than the Nazi era and will probably one day be collectible as well. I've a few Nazi coins but that's just the collector curiosity in me.

[darkninja1985]

21 minutes ago, MickB said:

Isis (Islamic State) made some gold coins but they were or still are illegal to own. That's a part of history more recent than the Nazi era and will probably one day be collectible as well. I've a few Nazi coins but that's just the collector curiosity in me.

Interesting, didn't even know this was a thing.

[sixgun]

There was a thread about this topic maybe a couple of years ago. Some people get hot under the collar. Personally i have something of a morbid curiosity for such things. i am sure i have some.

If you are interested in these coins for whatever reason, i would collect them. Why not? No reason at all. The more some people get hot under the collar the more i would collect them. 

Edited July 7, 2021 by sixgun

[dicker]

I was working for a German investment bank in 1998 / 1999 when they 'fessed up to finding large number of gold bars that were Nazi in origin.  I cant remember if it was EUR60M or EUR200M in value but it was a lot for the bank to have 'found' after all those years.

The same bank regularly published 'from the archive', but curiously the archives from 1939 - 1945 were never explored or published.

I attach an article from the Bank of England internal magazine from 1997.  Worth a read.

Best

DickerOld Lady article on Nazi Gold.pdf

 

 

[richatthecroft]

1 hour ago, dicker said:

I was working for a German investment bank in 1998 / 1999 when they 'fessed up to finding large number of gold bars that were Nazi in origin.  I cant remember if it was EUR60M or EUR200M in value but it was a lot for the bank to have 'found' after all those years.

The same bank regularly published 'from the archive', but curiously the archives from 1939 - 1945 were never explored or published.

I attach an article from the Bank of England internal magazine from 1997.  Worth a read.

Best

DickerOld Lady article on Nazi Gold.pdf

 

 

Interesting article, thanks for sharing.  

[27carrots]

Cancelling gold coins from outdated eras is a great way to get people to surrender their booty.