Posted on 03/04/2014 6:34:12 PM PST by rktman
A US couple who unearthed gold coins worth more than $10 million might have to return them as they may have been stolen, a report said.
The California couple uncovered eight cans filled with more than 1,400 coins on their property, in what is believed to be the most valuable treasure trove ever discovered in the United States.
They took them to a firm specializing in ancient coins, Kagin's Inc, which valued them and announced last week that they will sell them, via online retail giant Amazon.
(Excerpt) Read more at breitbart.com ...
It reminds me of the Aesop tale of the fox and the crow.
And maybe they could’ve waited till the gold standard returns.
O wants it.
SFS...shovel find and shut up!
If I ever find something like this in my backyard, NOBODY finds out about it.
So instead of $10million less taxes you get $1 million less taxes?
I realize if the government can”prove” the coins stolen the couple may get nothing.
They’ll prove they’re stolen if they have to forge the documents to show it.
If they return the coins to the government, will the IRS still require them to pay taxes on it?
It’s hard to believe they made this big public announcement, went to a coin dealer, etc.
If they had sold one coin at a time, said they were family heirlooms,etc. They could have become wealthy and not have all this hanging over their heads. Too late for that now.
If they were stolen they what happened to the thief?
Did he forget where he buried them?
Why keep them as he could have spent the coins anywhere.
Drive across the country. Stop in at coin shops along the way and sell one at a time.
Hard to prove these are the same coins. . . And the mint would have to prove it. From what I understood, there are different coins in the cache with varying values, all uncirculated. If these were coins from the mint, newly struck coins, they’d all be identical, from the same striking. . . But that was not what was described. I gathered they were more like a varied collection, including at least one that did not have “In God We Trust” struck on it, making it a very rare coin. Odd to have been coins from a mint. . . And be random.
Maybe the bandits buried them until the heat was off, but they perished before they made it back.
Or maybe it was the mint clerk who embezzled them (and subsequently went to prison for theft of $30,000).
Stupid and stupider could have been multi millionaires but decided to blab about their find. Obama will be happy to take the found gold now. There will be no sharing of their new found wealth.
” But a former SF Mint detective sees it as plausible: “Downstairs, we had vaults where we kept old coins that hadn’t been put into circulation.” PJMedia further digs up a 1906 congressional report that indicates mint clerk W.N.
Dimmick was convicted of the mint theft, but the document doesn’t state whether Dimmick revealed the coins’ location, or if they had been recovered. ABC News notes that if the coins are indeed purloined government property, the couple may owe Uncle Sam more than a heck of a lot in taxes: They may have to turn over the entire haul, and get a finder’s fee in return.”
Fifteen minutes of fame. Lookin’ for their own reality show maybe? Dopes. “Hey everybody. Look what we found.”
statute of limitations
doctrine of latches
Maybe it was Smith & Jones that had to make a quick getaway.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.