Posted on 02/28/2014 7:42:55 PM PST by 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’.
(Excerpt) Read more at dailymail.co.uk ...
Whose property is the coin found buried on your real estate property? Certainly not government’s, unless everything is government’s property including the dirt.
Texas is way better than the nutty state I came from in NE after 30 years and Dallas is not to bad either.
We live in Denton, which is both part of DFW and far enough away from what qualifies as “slums” in Dallas & Ft Worth that they won’t be bothering us. There’re too many armed citizens between us and them.
A classic example of folk etymology.
The term "real" in this case comes from the Latin for "thing" as opposed to "person," not from the Latin for King.
http://djhusi-realestate.blogspot.com/2009/06/real-estate-etymology.html
I agree,people should clam up about their property and finds on their own property.
You have a great point.
-PJ
real; from French royale, from Latin regalis, royal, regal, from combining form reg- (nominative rex), king, + adjective suffix -alis
estate; from Latin status, condition, state
In spite of the name, real estate has no connection with the concept of reality. It derives instead from the feudal principle that in a monarchy, all land was considered the property of the king. Thus originally the term real estate was equivalent to “royal estate”, real originating from the French royale, as it was the French-speaking Normans who introduced feudalism to England in the 11th century and thus the English language; cognate to Spanish real.
http://en.wiktionary.org/wiki/Real_estate
Don’t get me started because atgpress.com has covered this so many times.
Dallas isn’t that bad either ... I have worked in Dallas and Houston for that matter. I loathe all cities, it has nothing to so with where they are. All cities attract takers. I am a maker and have zero empathy for takers. I have to go to work everyday in a city of takers. I can’t wait until I retire and move to a place that has zero need for my highly cultivated skills and zero jobs like mine.
Lost versus abandoned *should* make a BIG difference.
“Kinda surprised people even sell gold coins on e-bay.”
Yeah. I’m even more surprised people would BUY gold coins on ebay!
yea, we sure did. The government makes me sick.
The Federal gov’t will have a claim on it also.
“They have so far managed to remain anonymous despite worldwide media attention and fascinated locals desperately searching to uncover their identity.”
“There is a precedent in this sort of case where the government has taken back property. The daughter of Philadelphia jeweler, Joan Langboard had been selling off ‘Double Eagle’ gold pieces found in a family safety deposit box, with the last one being sold at a Sotheby’s Auction for $7.5 million in 2004.
But in 2011, a jury found that the ten pieces sold off by the Langboard family had been stolen from the government in 1933. Ironically, the only reason the US Treasury knew about the gold pieces was because Mrs Langboard wasn’t convinced of their authenticity.”
I thought quoting wiki was an automatic disqualification. :)
http://www.etymonline.com/index.php?allowed_in_frame=0&search=real&searchmode=none
We can play dueling citations all night, but the fact is that real estate first referred to property that was solid and immovable, and thus real, in a sense that movable personal property was not.
Perhaps. But don’t you think a court should make that decision, not a person with a strong financial incentive?
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