Although it looks like a drink, it is not fit for human consumption. If players attempt to drink it, they will receive the message: "I don't think I'd like gold in beer thanks. Leave it for the dwarves."
Even though adding the coin brings up the message "You drop the coin into the ale and watch it dissolve," the examine text mentions a coin at the bottom of the ale, suggesting that it does not dissolve completely.
As a non-member it is possible to ask how to make an Asgoldian Ale, but it's impossible to make it until after reaching the appropriate step in Recipe for Disaster.