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Most home insurance policies won't cover more than $1,000 of gold. Unlike fine jewelry, gold is considered currency by insurers because of its fungibility. They don't like covering it because if stolen, gold can be melted and sold. Some will cover coins as collectibles with a "personal articles" rider. Ace Group, an insurer that covers coins and bars, charges between $1 and $1.50 per $100 of gold, depending how secure your house is. Insuring gold means someone knows you have it, though. For gold bugs who fears Armageddon and big government, this defeats the purpose of owning physical gold. The IRS can subpoena insurance records.