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LONDON, UK — An English household literally uncovered a buried treasure, and they'll likely get a pretty penny for it. During a renovation of their 18th-century home in 2019, the residents came across a salt-glazed earthenware cup stuck beneath the concrete and floorboards. When they looked inside, they discovered more than 260 gold coins. The auction house Spink & Son issued a statement calling this one of the largest hoards of 17th and 18th century English gold coins ever confirmed in Britain.

Zimbabwe's central bank will start selling gold coins later this month to try and tame inflation by providing a store of value to the country's plunging currency and giving the population an alternative to the U.S. dollar. The one troy ounce 22-carat gold coin will be called 'Mosi-Oa-Tunya' and will be available starting July 25. The name means "Smoke that Thunders," referencing Victoria falls. "Each coin will have a serial number," Zimbabwe's central bank said in a press release. "Upon purchase, the buyer shall take physical possession of the coin and be issued with a Bearer Ownership Certificate. The buyer...

hi, wondering what the most economical way to go is for buying bulk contemporary usa silver dollars. i got quoted a price of $20/silverdollar at a local jewelry store, quantity 100, immediate inventory. apparently a common unit of purchase is a 100 silver dollar bag. i would request the dollars be placed in plastic containers. very important: the plastic containers must not interact with the copper in the coins to produce a green patina. the reason for storage in rolls is to permit easy placement into flat style safety deposit boxes. should i go with 1, 2, 3, or more...

Diamond miners recently discovered a ship that went down 500 years ago after draining a man-made lagoon on Namibia’s coast. While shipwrecks are often found along Africa’s Skeleton Coast, this one just so happened to be loaded with $13,000,000 worth of gold coins. It also answers a centuries–old mystery and is what some archaeologists are calling one of the most significant shipwrecks ever found. The wreck was first discovered along the coast near Oranjemund by geologists from the mining company De Beers in April 2008. One reason it took centuries to find is because it was underneath the ocean floor....

It’s well-known that you have to make a declaration if you physically transport $10,000 or more in cash or monetary instruments in or out of the US, or almost any other country; governments collude on these things, often informally. Gold has always been in something of a twilight zone in that regard. It’s no longer officially considered money. So it’s usually regarded as just a commodity, like copper, lead, or zinc, for these purposes. The one-ounce Canadian Maple Leaf and US Eagle both say they’re worth $50 of currency. But I’ve recently had some disturbing experiences crossing borders with coins....

ISIS release pictures of their new gold coins they say will 'break capitalist enslavement' - so why are they still paying their deranged gunmen in US dollars? ISIS have released a new hour long video, showing off their latest propaganda tool - their very own coin currency. The video, which includes a dreary and distorted history of world economics, shows the smelting of gold, silver and copper coins. Dramatised by clips from Hollywood war films, the film accuses the US of 'confiscating Americans real wealth through an executive decree' with the introduction of the Gold Reserve Act in 1934. Yet...

A Reflection on Perhaps the “Meanest” and Most Shocking Thing Jesus Ever Said By: Msgr. Charles PopeThe Gospel from today’s Mass (Wed. of the 33rd Week – Luke 19:11-27) is known as the “Parable of the Ten Gold Coins.” It is similar to Matthew’s “Parable of the Talents” from Sunday, but with certain significant differences and an ending so shocking that, when I read it at daily Mass some years ago, a young child said audibly to her mother, “Wow, that’s mean!”I’d like to take a look at it and ponder its shocking ending.As I said, the parable is similar...

A family was awarded the rights to 10 rare gold coins possibly worth $80 million or more on Friday after a U.S. appeals court overturned a jury verdict. U.S. Department of the Treasury officials insist the $20 Double Eagles were stolen from the U.S. Mint in Philadelphia before the 1933 series was melted down when the country went off the gold standard. They argued that Joan Langbord and her sons cannot lawfully own the coins, which she said she found in a family bank deposit box in 2003. Langbord's father, jeweler Israel Switt, had dealings with the Mint in the...

A group of divers in Israel has stumbled upon the largest hoard of gold coins ever discovered in the country. The divers reported the find to the Israel Antiquities Authority, and nearly 2,000 coins dating back to the Fatimid period, or the eleventh century, were salvaged by the authority’s Marine Archaeology Unit. The find was unearthed from the seabed of the ancient harbor in Caesarea National Park, according to a press release from the Israel Antiquities Authority. “The discovery of such a large hoard of coins that had such tremendous economic power in antiquity raises several possibilities regarding its presence...

It has gathered its fortune through the tools of modern finance, but now Islamic State (ISIS) aims to mint its own coins. The move is reportedly the brainchild of the ISIS leader, Abu Bakr al-Baghdadi, who has personally overseen the design of gold, silver and copper coins of the Islamic dinar to be used in his self-declared caliphate—as soon as the terror group can locate a mint and enough precious metals. ISIS released designs of the coins and a breakdown of denominations. It claims the currency will free Muslims from a financial order that has “enslaved and impoverished” them. But...

Two Queens men are charged with selling fake gold coins after they allegedly scammed a victim out of $14,000. Colonie officers arrested Sungwook Hong, 33, and Yohann Pyon, 26, after they allegedly tried to sell coins to an undercover investigator. The department learned of the coin scam on May 28 when a victim reported answering a Craigslist offering of 1-ounce American Gold Eagle coins for sale.

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...

A California couple that discovered $10 million worth of gold coins last year will have to pay nearly half that amount in federal and state income tax, regardless of whether they sell the coins.

U.S. Government Reporting Requirements For Coin And Bullion Dealers There is much confusion and disinformation about the extent to which coin dealers are required to obtain customer information to keep on file and use in submitting reports to the Internal Revenue Service (IRS) or other government agencies. In some cases the confusion may be used to steer customers away from lower-margin bullion sales and towards the higher-margin coin sales, even though such items may be less suitable for the customer's purposes. I'll attempt to summarize some of the reporting topics herein, but for more helpful information, you can visit the...

The mysterious haul of gold coins discovered by a Northern California couple while out walking their dog – and valued at $10 million – may well be a previously undiscovered bounty that an employee of the San Francisco Mint was convicted of stealing in 1901. The couple, who haven’t been named, stumbled across the haul of 1,427 rare, mint-condition gold coins, nearly all dating from 1847 to 1894, buried in the shadow of an old tree on their Gold Country property in February 2013. The face value of the Saddle Ridge Hoard, as they’ve called it, added up to about...

One couple's gold find could mean a jackpot for the IRS. The Northern California couple that found $10 million worth of rare, mint-condition gold coins buried in the shadow of an old tree on their property will likely owe about half the find's value whether they sell the gold or not. The San Francisco Chronicle reports that the find is a taxable event under a 1969 federal court ruling that held a "treasure trove" is taxable the year it was discovered. "If you find and keep property that does not belong to you that has been lost or abandoned (treasure-trove),...

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,...

You were considered a hoarder and a slacker if you still resisted turning over your gold to the government. ... most of those who voted for FDR never expected him to confiscate private holdings of gold coins, bullion, and certificates. Roosevelt called the measure a temporary one (it wasn’t), and he followed it up by invalidating gold clauses in private contracts that obligated payment in gold dollars, which had the effect of devaluing the assets of bond and contract holders. ... By January 1934, Roosevelt increased the dollar price of gold from $20.67 to $35, thus devaluing the dollar by...

A jeweler’s heirs with a cache of rare $20 gold coins will fight for the right to keep them when they square off in court this week against the U.S. Treasury. Treasury officials charge that the never-circulated “double eagles” were stolen from the U.S. Mint in Philadelphia in 1933. They could be worth $80 million or more, given that one sold for nearly $7.6 million in 2002. The coins come from a batch that were struck but melted down after President Franklin D. Roosevelt took the country off the gold standard in 1933

The United Nations (UN) has licensed the minting of gold bullion coins bearing its logo to provide a "public option" world savings currency. According to the Vancouver Examiner, Oro gold coins are hoped to contribute to making the UN better funded by 2015, with revenue rising by ten to 15 per cent. The coins are set to be produced in Europe and then distributed globally, with any licensee able to produce such bullion under contract. Armand Dufour of the European Bank says that he welcomes the introduction of the gold coins. However, he goes on to add that there is...