Couple who found $10m hoard of gold coins could have broken law

Daily mail ^

[ClaytonP]

The Northern Californian couple who found $10 million worth of gold coins on their land could have broken California Law for failing to report their stunning discovery to police, it emerged today.

.....

But, according to Californian Law, the couple should have declared their findings to the police within a ‘reasonable time’ of finding it.

The Californian Civil Code, sub-section 2080, also states that a notice must go in the local paper if the haul is worth more than $250.

Usually, breaking the Civil Code isn’t an arrestable offense but punished with a fine.

.....

But, according to one Gold Country Sheriff’s Department, the matter is taken so seriously that the couple could be called in for questioning and ‘could face arrest’.

[dennisw]

You need to so STFU you don’t tell your wife. Everybody talks. The onus is on you to zip your lips or FAIL like this doofus couple. If only they had spent a day at FR they would have taken the STFU route

[mad_as_he$$]

It takes a special kind of stupid to tell the world you found $10 million. Especially in Kalifornia.

[mad_as_he$$]

Yes, if that booger is worth more that $250.

[Lurkina.n.Learnin]

That is a great story. It’s the way the world should work.

[mad_as_he$$]

I know people that specialize in moving assets out of the US. I have done some work for them. It really isn’t all tat hard getting out.

[SunkenCiv]

Note: this topic is from 2/28/2014. Thanks ClaytonP.

• The Saddle Ridge Treasure of U.S. Gold Coins
• According to Donald Kagin, Kagin's has an exclusive arrangement with Amazon.com to sell the coins through their collectibles store. This arrangement is the first major sale of coins made through Amazon. John and Mary have also chosen to use the funds to cover their personal debt and donate to several local charities. They have additionally chosen to retain some of the coins for family heirlooms and keepsakes.
  
  Following the initial discovery of the coins, there was widespread speculation that the hoard represented the discovery of the 1901 theft of $30,000 from the San Francisco Mint by employee Walter Dimmick. Kagin's and the U.S. Mint ruled out this theory, stating that the Saddle Ridge Hoard is unlikely to be part of the mint heist, due to the diversity in the face value and condition of the coins. On March 4, 2014, The U.S. Mint stated that " do not have any information linking the Saddle Ridge Hoard coins to any thefts at any United States Mint facility", and " done quite a bit of research, and we've got a crack team of lawyers, and trust me, if this was U.S. government property we'd be going after it."
  
  Other disregarded theories contend that the hoard is a hidden stash of gold buried by Jesse James, or loot taken by Black Bart, who was known for robbing stagecoaches. A theory has also been advanced that the hoard was part of a treasure supposedly hidden by the Knights of the Golden Circle, to be used to fund a second Civil War. The predominant theory attributes the cache to an unknown individual who chose to bury the coins rather than trust the banks to protect his wealth. While the couple who found the coins have remained anonymous and the location of the find is undisclosed, several individuals have attempted to claim the gold coins or a share of the profits, asserting that the money belonged to one of their relatives or associates. -- WikiPedia
• Keyword: saddleridgehoard