Posted on 02/25/2014 2:15:04 PM PST by Theoria
Edited on 02/25/2014 2:16:23 PM PST by Admin Moderator. [history]
A Northern California couple out walking their dog on their property stumbled across a modern-day bonanza: $10 million in rare, mint-condition gold coins buried in the shadow of an old tree.
Nearly all of the 1,427 coins, dating from 1847 to 1894, are in uncirculated, mint condition, said David Hall, co-founder of Professional Coin Grading Service of Santa Ana, which recently authenticated them. Although the face value of the gold pieces only adds up to about $27,000, some of them are so rare that coin experts say they could fetch nearly $1 million apiece.
(Excerpt) Read more at news.yahoo.com ...
California’s fat cat Marxists will find a way to steal ‘em all.
When I get time I’ll try to find the article. I could be mistaken but I think this happened in Carson City and the deceased family member had a number of valuables horded. Easy to find articles on the govs confiscation of bullion and coins.
Ditto
Color me skeptical.
In 1862 Congress passed the Legal Tender Act, which required that paper money greenbacks be accepted as payment for all debts. Wasn't retired till late 70s. Presumably some of this money made its way to CA and was legal there.
A secret is known by one. EOM
You beat me to it! I posted it again anyway. Heh — what a good movie that was.
Face value is only $27,000... but then again they need to forfeit it all as that was the expectation when we were taken off the gold standard.
I have found countless numbers of pull tabs with my detector. When pull tabs become rare,I’ll never be heard from again.
James Howells searches for hard drive with £4m-worth of bitcoins stored
Happy related story ping...
Click to be Added / Removed
“I am having trouble grasping why someone who made such a find would tell anyone”
That was the first thing that popped into my head, too.
Yep. These folks are going to find out the hard way that you have to dig it up and keep quiet about it.
No it was one coin. Unissued and originally stolen from the mint. That is why the Federal government claimed it. It was stolen property from a run of coins that the government never put into circulation.
Yep - I was going to post similar. That happened to some poor SOB that found a stash in his house. Found the example below. HOWEVER, in that instance they were uncirculated coins (of a pattern that had not been released), so the gov’t figured they must have been stolen from the mint. The gov’t ended up with them. I hope that this recent couple get to keep them. After taxes of course.
See my earlier post to a link to a story (the story?). But as the blogger states - wouldn’t there be a statute of limitations on the theft of the coins? And I’m not sure on the rules regarding finding stuff that was stolen after the statute of limitations, etc.
Regardless - if I’m every lucky enough to find something like that - I’m keeping it to myself! (Unless I might find the actual owner.)
Were any of them square California dollars?
Yes I would do the same kinda like launder it in small amounts.
Goldbug ping.
My sister and her husband won a huge lottery, (after he quit smoking and used his smoke money to buy tickets instead).
They knew the ticket was the winner...never told anyone...they hired a single engine airplane pilot to fly them to ...... to claim their win with the Lotto... rather than risk anything happening along the way..and they even kept it quiet from all but family members for the longest time.
I’d do the same...fewer who know the better.
You’re Mad Mad...
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.