Posted on 02/25/2014 7:26:13 PM PST by shove_it
A California couple spotted the edge of an old can on a path they had hiked many times before. Poking at the can was the first step in uncovering a buried treasure of rare coins estimated to be worth $10 million. "It was like finding a hot potato," the couple told coin expert Dr. Don Kagan from Kagin's, Inc. The couple hired the president of Kagin's, Inc. and Holabird-Kagin Americana, a western Americana dealer and auctioneer, to represent them.
"Since 1981, people have been coming to us with one or two coins they find worth a few thousand dollars, but this is the first time we get someone with a whole cache of buried coins… It is a million to one chance, even harder than winning the lottery," Kagan told ABCNews.com. The couple is trying to remain anonymous after finding the five cans of coins last spring on their Tiburon property in northern California and conducted an interview with Kagin...
(Excerpt) Read more at gma.yahoo.com ...
Cha Ching!
California Couple Finds $10M Buried Treasure in Back Yard
The Marxists running California find another $10M to bribe voters with.
Fixed.
They're going to donate most of the proceeds to charity.
Hogwash. They have a time machine and went back in time and hid them there.
>> They’re going to donate most of the proceeds to charity. <<
Both from a philanthropic viewpoint and from a tax viewpoint, they’d do better to donate the coins directly to various tax-exempt charities, rather than sell the coins and then donate the proceeds.
You just Know that theIRS will want 60+% of it.
The couple also wisely claims they found the coins on their own property.
The Smiler left it there, did time, then slipped out the bathroom window trying to lose the tail the cops had on him. If he hadn’t gone sailing right out there and kicked the bucket, he’d have dug it up decades ago.
I ain’t buying this story
It’s their story and they’re stickin’ to it. Sounds good to me.
Only 30% of this “income” is tax deductible, when given to charity.
Better plan on selling it over a few years.
Same here.
Why do people put themselves at risk by going public with new found wealth.
Shut up, move to Wyoming and sell from there, once you’ve establish residence.
THAT move saves $1 Million in Cali taxes.
Is there a law that says you have to declare which dirt you found it in?
Their identity will be found out in less than a month, and anyone whose related to anyone who’s owned that land since the Civil War, will be laying claim to it.
Back in the 80s I bought a $400 White’s metal detector thinking I would find a lot of treasure.
I guess I was not very good at it. I found a few coins, mostly recent ones and a pocket knife. That pocket knife was probably the best thing I ever found with it.
It was probably most useful for finding things I had lost in the grass. For instance I once lost the key to the wheel of my lawn tractor.
It was under a big W.
Another liberal couple who say they want to ‘give back’ to the community and to ‘overlooked causes’ like the arts.
I would have first established residence ouside California and then quietly started to sell the coins.
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.