And these poor saps are looking all over the world for gold, and they come from Oregon................
Posted on 02/26/2014 6:17:45 AM PST by Red Badger
TIBURON (CBS SF) – A couple has made the buried treasure find of a lifetime – gold coins worth millions of dollars – on their property in Northern California.
A cache of more than 1,400 rare U.S. gold coins, stored in decaying metal cans and buried near an old tree on the property, was discovered as the couple were taking their dog on a daily walk.
The estimated value is believed to be in excess of $10 million and may be the most valuable hoard of gold coins unearthed in North America, according to veteran numismatist Don Kagin.
Kagin, president of numismatic firm Kagin’s Inc. of Tiburon, says the couple want to remain anonymous and plan to sell most of the coins.
Kagin said the gold pieces were struck between 1847 and 1894, many of which are in pristine condition. “This family literally found the pot of gold at the end of the rainbow,” said Kagin said.
The find is now being called The Saddle Ridge Treasure, named after a feature of the family’s property.
After finding the treasure, Kagin Inc. senior numismatist David McCarthy was dispatched to evaluate the coins, according to the press release.
Latest News NorCal Couple Finds $10M In Gold Coins; May Be Greatest Buried Treasure Ever Found In U.S. February 25, 2014 11:40 PM Share on email 417 View Comments Related Tags: Auction, Bonanza, California, Coins, Country, Couple, Don Kagin, Found, Gold, Gold Coins, Kagin's Inc., Tiburon, Unearthed
TIBURON (CBS SF) – A couple has made the buried treasure find of a lifetime – gold coins worth millions of dollars – on their property in Northern California.
A cache of more than 1,400 rare U.S. gold coins, stored in decaying metal cans and buried near an old tree on the property, was discovered as the couple were taking their dog on a daily walk.
The estimated value is believed to be in excess of $10 million and may be the most valuable hoard of gold coins unearthed in North America, according to veteran numismatist Don Kagin.
Kagin, president of numismatic firm Kagin’s Inc. of Tiburon, says the couple want to remain anonymous and plan to sell most of the coins.
Kagin said the gold pieces were struck between 1847 and 1894, many of which are in pristine condition. “This family literally found the pot of gold at the end of the rainbow,” said Kagin said.
The find is now being called The Saddle Ridge Treasure, named after a feature of the family’s property.
After finding the treasure, Kagin Inc. senior numismatist David McCarthy was dispatched to evaluate the coins, according to the press release.
“We all dream about discovering buried treasure; seeing the real thing in person – piles of gold coins encrusted in dirt and rust – the experience was just indescribable,” said McCarthy. “Never in my wildest dreams would I imagine coins coming out of the ground in the kind of condition that I saw in front of me. Many pieces were finer than anything known in major collections or museums.”
Kagin said the previous largest gold coin find in the United States was found in Tennessee in 1985 with coins having a face value of $4,500, eventually selling for around $1 million. The face value of the Saddle Ridge treasure is over $28,000.
About 90 percent of the gold pieces will be available for purchase through Amazon.com, according to Kagin.
GGG Ping?.........................
Saddle Ridge California is about to be overrun by “bird watchers” with metal detectors.
Very poor opsec, if that’s the real name of the place.
Earlier thread if anyone is interested in reading the comments thereon;
http://www.freerepublic.com/focus/chat/3127146/posts?
Very cool.
Fail.
Kagin said the gold pieces, many of which are in pristine condition, were struck between 1847 and 1894.
However, the writer gets several Win points for using "hoard" instead of "horde."
And now that's over with, cool story. I hope the discoverers enjoy their windfall!
Shut up and dig all night. Will Cali “take” it’s “fair” share? Dumbasses.
Had it been me, I wouldn’t have told anyone. Just quietly put the items on the market, one by one.
Now the Feds and the State will try to get as much of the hoard as they can get for their treasuries.
In Britain, they would have had to turn the treasure over to the government..................
How wonderful for this couple.
I hope they will hire some very good advisors who will help them take care of the fortune that has fallen into their hands.
I wish them well.
I wonder if a calculation was made...
(keep your mouth shut = non-numismatic value - 0 taxes)
vs
(get the coins appraised = numismatic value - taxes)
Cali and the IRS will be calling...............
Here comes the IRS. Should have kept their mouths shut. But they got their 5 minutes of fame.
“”Saddle Ridge California “”
Do you think that was meant for CA or the TN find???
Splitting infinitives is sooooooo last century..................
Good thing for them this isn’t England
Reading it again - looks like CA....
If history is any indication, this little find is going to destroy their lives.
They’ll be ‘Riding high in the saddle’.......................
We’ll All Ride High (Money Bag$)
by White Witch.
We’ll all ride high in the saddle again
We’ll all ride high in the saddle my friend
We’ll all ride high in the saddle again
We are gathered here today to pay respect
To a man who was filthy rich
Though he owned this and that, when it came to friends
He had not a single stitch
Though he played his part to Oscar-winning performance
While his entity lay, while it lay ever so dormant
We’ll all ride high in the saddle again
We’ll all ride high in the saddle my friend
We’ll all ride high in the saddle again
Money Bag$
Money Bag$
Now as a general rule
We don’t usually hand out no flowers
But as I recall it was said near and far
The old man he had powers
May your death find you some love
And may your rest find you some peace
For your life to begin, ole money bags
Your life will have to cease
We’ll all ride high in the saddle again
We’ll all ride high in the saddle my friend
We’ll all ride high in the saddle again
Money Bag$
Money Bag$
We’ll all ride high in the saddle again
We’ll all ride high in the saddle my friend
We’ll all ride high in the saddle again
Money Bag$
We’ll all ride high in the saddle again
We’ll all ride high in the saddle my friend
We’ll all ride high in the saddle again
Probably. But I’d be wary of govt “promises” concerning found property these days. I would not be surprised if the Cali govt swooped in and seized them all under some kind of arcane and little known “rare antiquities of historical value blahblah” statute.
And these poor saps are looking all over the world for gold, and they come from Oregon................
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