Posted on 05/27/2014 1:54:15 PM PDT by mdittmar
Edited on 05/27/2014 1:57:26 PM PDT by Admin Moderator. [history]
WHY ARE THEY SO VALUABLE?
Experts say paper money was illegal in California until the 1870s, so it's extremely rare to find any coins from before that period. Additionally, most of the coins are in mint condition, having been stashed away seemingly immediately after they were minted. They were valued by Don Kagin, a numismatist who is handling the sale and marketing of the coins.
(Excerpt) Read more at news.yahoo.com ...
The treasure consists of four $5 gold pieces, fifty $10 gold pieces, and 1,373 $20 double eagles. Among the coins that will be on display Tuesday is the crown jewel of the collection — an 1866-S No Motto $20 gold piece valued at more than $1 million.
I found a Buffalo nickel once.
LOL! I got a silver quarter in change once and thought I had hit the lottery. And to think that within my lifetime you silver quarters, dimes, and half dollars were routine.
When I was 13 years old you could buy a gallon of gasoline for a quarter. Today a 1963 quarter will still buy a gallon of gasoline.
Got two metal detectors,”digging in the dirt and finding dirt”;)
They are idiots for telling anyone.
They should have just quietly sold it, over time.
She popped it into her pocket and when we got home it was a virtually uncirculated 1901 Indian Head -- musta been somebody's good luck coin.
According to inflation calculators, the inflation rate from 1800 to 1913 was -40%. From then until now it is 2500%.
More to the point, what percentage are State thugs confiscating in their perpetual mock “protection” racket.
Looks like it worked out o.k.,no legitimate claims on the find.
As a grammer cop, I gotta point out that you just ended a question with a period.
I stand corrected. Thank you?
-PJ
Glad to see this come up again....I was wondering what happened with this hoard story.
Frankly amazed the State did not seize them.
Isn't irony ironic?
“Looks like it worked out o.k.,no legitimate claims on the find.”
you mean, except by the IRS and CA, which consider the finding of a “treasure trove” ordinary income that is immediately taxable.
They stole half. See my previous post.
You raise an excellent point of course no conservative can ignore, however I do believe there might be problems with selling the coins piecemeal. Especially the ultra-rare one worth a million dollars.
There will always be questions as to proper chain of custody when selling coins of this value. No pawn shop or other broker is going to just buy them no questions asked. And ID will be required, etc.
In the end, some racket is going to get their cut, either the IRS and their related state goons, or Jimmy Broken-nose at your local pawn shop. There is no getting around that loss.
Maybe Jimmy Broken-nose wouldn’t take as much as the IRS however.
As I recall, grammer got runned over by a reindeer.
Pawn shops are pikers. These are going to serious numismatists, both individual and maybe some coin shops who actually know something Bout them.
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