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A California Couple Found $10 Million In Gold Coins In Their Backyard
ANCIENT ARCHEOLOGY ^ | 25-03-2021 | chris

Posted on 03/25/2021 9:00:16 AM PDT by PAUL09

A California Couple Found $10 Million In Gold Coins In Their Backyard

A California couple who discovered a $10 million cache of hidden gold coins might not be so lucky after all.

According to a published article, the coins may have been stolen from the United States Mint in 1900 and are thus government property. This image provided by the Saddle Ridge Hoard discoverers via Kagin’s, Inc., shows one of the six decaying metal canisters filled with 1800s-era U.S. gold coins unearthed in California by two people who want to remain anonymous.

According to the San Francisco Chronicle’s website–a search of the Haithi Trust Digital Library provided by Northern California fishing guide Jack Trout, who is also a historian and collector of rare coins, turned up news of the theft.

The California couple, who have not been identified, spotted the edge of an old can on a path they had hiked many times before several months ago. Poking at the can was the first step in uncovering a buried treasure of rare coins estimated to be worth $10 million.

“It was like finding a hot potato,” the couple told coin expert Don Kagin from Kagin’s, Inc. The couple hired the president of Kagin’s, Inc. and Holabird-Kagin Americana, a western Americana dealer and auctioneer, to represent them.


TOPICS: History; Local News
KEYWORDS: 123oclock4oclockzot; 1of; ancientarcheology; blogpimp; bot; bringoutthezot; california; clickbait; finding; getthehook; howmanymoretimes; jacktrout; ntsa; paulmahesh; saddleridgehoard; troll; zot
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To: Kickass Conservative
“Melt them down.”

That’s why I was asking whether 10 million was the value the melt or the collector’s value of the coins.

61 posted on 03/25/2021 10:01:10 AM PDT by circlecity
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To: PAUL09

“the coins may have been stolen from the United States Mint in 1900 and are thus government property”

Yeah, I’m gonna have to cite the precedent of Finders Keepers v. Losers Weepers, 1797 to dispute that.


62 posted on 03/25/2021 10:01:38 AM PDT by Boogieman
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To: circlecity

I’m curious about that too, but it makes sense that the actual Coins are worth much more than their weight in Gold.

Assuming that each Coin weighed an Ounce, Ten Million Dollars in Value would mean there were 5,555 Coins, which there weren’t.


63 posted on 03/25/2021 10:09:33 AM PDT by Kickass Conservative (Don't blame me, I Voted for the guy who actually Won the 2020 Presidential Election...)
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To: CatOwner

1427 oz at $2k per oz spot would be about $2.8 mil.


64 posted on 03/25/2021 10:13:17 AM PDT by Scrambler Bob (This is not /s. It is just as viable as any MSM 'information', maybe more so!)
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To: PAUL09

Some years ago I had a summer job doing demolition and harvesting bricks from old buildings. On one job I found someone’s hoard of coins. They were promptly deposited into the trunk of my car. Some of the hoard I sold over the years. I still have the rest of it - about 85 pounds total.

Never, not once, did I discuss this with any idiot who’d be inclined to call the government.


65 posted on 03/25/2021 10:20:47 AM PDT by MercyFlush (Senator Joseph McCarthy was right. )
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To: PAUL09
Yummy:


66 posted on 03/25/2021 10:34:19 AM PDT by PLMerite ("They say that we were Cold Warriors. Yes, and a bloody good show, too." - Robert Conquest )
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To: Kickass Conservative

Lol - I did the same calculation and came to the same number. Whatever the melt is worth it’s more than zero.


67 posted on 03/25/2021 10:44:38 AM PDT by circlecity
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To: Captain Peter Blood

“They should have melted them down and then sold it.”

Yep.

Or surreptitiously sold them a few at a time.


68 posted on 03/25/2021 10:59:34 AM PDT by Mariner (War Criminal #18)
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To: PAUL09

If you ever find anything like that, liquidate it ASAP and KEEP QUIET!


69 posted on 03/25/2021 11:13:09 AM PDT by piytar (Do NOT forget Ashli Babbit!)
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To: circlecity

WWTBD = What would Tony Beets do? LOL


70 posted on 03/25/2021 11:34:49 AM PDT by Kickass Conservative (Don't blame me, I Voted for the guy who actually Won the 2020 Presidential Election...)
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To: PAUL09

Most American sheeple are totally clueless!

The S-S-S doctrine should have been modified to D-S-S and their future, during the now inevitable apocalypse, would be a lot more secure...


71 posted on 03/25/2021 11:35:16 AM PDT by SuperLuminal (Where is Joe McCarthy now that we desperately need him sober?)
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To: PAUL09

They should have never told a soul. Maybe sold a few, one by one as numismatics. Nobody would have been the wiser. Melt and sell the rest. Go a step further. When you melt it, drop the molten into a bath of mud and water. Create “nuggets” that you will then discover over many years.


72 posted on 03/25/2021 11:50:17 AM PDT by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. .... )
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To: PAUL09

“According to a published article, the coins may have been stolen from the United States Mint in 1900 and are thus government property.”

The US Mint and Treasury debunked this in 2014 and said they could offer no proof of this. And furthermore added that it was unlikely due to the variety of coins.


73 posted on 03/25/2021 11:56:52 AM PDT by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. .... )
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To: DesertRhino

Nuggets aren’t that pure are they?


74 posted on 03/25/2021 12:30:39 PM PDT by AFreeBird
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To: alternatives?
"Sort of like the guys who discovered the civil war gold."

The FIB will take over and ........Gold? What gold?

75 posted on 03/25/2021 12:39:36 PM PDT by Pajamajan ( PRAY FOR OUR NATION. I will never be a peaceful slave in a new Socialist America.)
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To: PAUL09

I am never amazed at the new levels of Stupidity we create here in California, Always a leader in Taking Stupid seriously


76 posted on 03/25/2021 12:43:50 PM PDT by eyeamok (founded in cynicism, wrapped in sarcasm)
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To: Rusty0604

Gold is easily smelted into bars.

Dumbasses. Or greedy (perhaps both).


77 posted on 03/25/2021 1:09:18 PM PDT by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
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To: Extremely Extreme Extremist

Exactly! I’d just melt the coins into small bricks and one day see what they would be worth.


78 posted on 03/25/2021 1:58:16 PM PDT by ducttape45 ("Righteousness exalteth a nation; but sin is a reproach to any people." Proverbs 14:34)
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To: DesertRhino

Melting them down, as many here suggest, is about as dumb as it gets.

The problem is at least twofold. One, some of these coins are very rare and desirable to collectors, and also - in practically “mint” condition. This puts their value far in excess of their value in terms of gold. Common date $20 gold coins in average condition trade at or near fhe “spot” price of gold. So they would be taking coins worth $100,000, $300,000 (or more) and rendering them down to an unrecognizeable lump technically worth about $1,500.

Except, that isn’t how it works.

If you show up to a bullion dealer with an unrecognizeable lump, he doesn’t pay anywhere near what it’s really worth. He knows its gold, and has a good idea on purity, but unlike recognized coins and bars it needs to be assayed. Might get $500 or so. Stupid!

Good problem to have. Even selling a few at a time, would eventually invite suspicion. “Where are you getting these!?” LOL. These coins were very well preserved, and there just aren’t many of these high dollar rarities floating around in the wild.


79 posted on 03/25/2021 2:46:42 PM PDT by Freedom4US
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To: PAUL09

Morons! Cash the coins 1 at a time in a new RV that allows you to travel across the country to different cities. Either that or learn how to make a metal forge and melt it down. Then trade the glob of metal into bitcoin. Piss on the government!

80 posted on 03/25/2021 3:14:01 PM PDT by The MAGA-Deplorian (Democrats are lawless because Republicans are ball-less!)
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