Posted on 03/04/2014 11:01:21 AM PST by GrandJediMasterYoda
$10M Gold Coin Hoard Found in Yard May Have Been Stolen From Mint
A California couple who found a stash of buried gold coins valued at $10 million may not be so lucky after all. The coins may have been stolen from the US Mint in 1900 and thus be the property of the government, according to a published report.
The San Francisco Chronicle's website reported that 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 the 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.
(Excerpt) Read more at abcnews.go.com ...
“It’s been around my hose for a long time and I’m not sure where it came from.”
Might want to see a doctor about that!
Or, using biblical measures, roughly 1.5 talents.
If I had found that gold I would have considered it stolen and sold the items on the black market, knowing the fed would steal it from me.
The Philadelphia case was a little different. Those coins had never officially been circulated, so the only way anyone could have one would be if it had been stolen from the mint. The case was decided by a jury trial, and the government won.
Wouldn’t the government have to prove that these coins were actually those stolen from the Mint? Obviously there were no serial numbers on the coins but was there a list of the coins by year minted that matches the hoard? Just because the face value of the coins in the hoard was approximately that stolen from the Mint that is no proof. Since the crime occurred more than a century ago wouldn’t there be a statute of limitations?
There were 1,427 coins according to several sources. That would be 1,427 ounces, or close to $2M just for the gold.
One of our local radio talk guys has been talking about this and he also said early on that the feds would find a way to confiscate it. One caller just suggested either melting it down before handing it over which leaves them with the current value of gold. The 10 mil value is the intrinsic value of the coins to collectors. The other suggestion was to fly over the Grand Canyon (federal land) and throw it out over the canyon thus putting it back on federal land (let them find it).
Not if they had an inside man.
Yes. Let this be a lesson to one and all.
Me too. I just did not know how they would go about doing it.
Yep, if I ever find a lost treasure, its going to be converted into cash or goods, and as far as history is concerned, its going to stay lost. Even if melting the queens jewelry down with a propane torch in my garage.
And having seen “No Country for Old Men”, if I ever find a bag full of money, the bag gets left behind and every bundle of bills gets broken apart. THEN, it gets buried in the ground for a few years while I decide what to do with it.
Yep and they are probably to be inmate idiots.
Ask Mel Fisher if you don’t believe it.
I do not know however Gretchen Carlson just reported that they were in
minted numerical order!! I was unaware myself that any coins had any
numbers on them! Of course I have NEVER seen a gold coin from that
era!!!
Or they will up in some politician’s house as “gifts”.
Moral of the story: Dig it up, Shut up, and Melt it Down.
Consider the source (a MSM Idiot Parrot). Gee, if I put my coins in numerical date order does that mean the mint did it and I carefully placed them in THEIR order!! BS, Gold coins have never had serial numbers, only their year of minting!!!
I read where they made a deal with amazon to sell these coins online through a go between. So I would not buy a gold coin from amazon with a date anywhere close to these coins. The gov just might knock on your door saying that you are in possession of stolen property whether it came from this stash or not.
I agree with you. Sorry. I was being a smart a$$. In these times it seems the other way around.
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