Posted on 07/10/2023 4:55:33 PM PDT by Enterprise
A Kentucky man got the surprise of his life while digging in his field earlier this year: a cache of over 700 coins from the American Civil War era.
The "Great Kentucky Hoard" includes hundreds of U.S. gold pieces dating to between 1840 and 1863, in addition to a handful of silver coins. In a short video, the man who discovered the hoard — whose identity and specific location have not been revealed to the public — says, "This is the most insane thing ever: Those are all $1 gold coins, $20 gold coins, $10 gold coins," as he aims his camera at the artifacts tumbling out of the dirt.
According to the Numismatic Guaranty Co. (NGC), which certified the coins' authenticity, and GovMint, where the coins were sold, 95% of the hoard is composed of gold dollars, along with 20 $10 Liberty coins and eight $20 Liberty coins. The rarest is the 1863-P $20 1-ounce gold Liberty coin. Just one of these coins can go for six figures at auction, and the Great Kentucky Hoard boasts 18 of them. NGC's website notes that the $20 Liberty coin, which circulated from 1850 to 1907, was minted by the Treasury Department after gold was discovered in California. The $20 Liberty coins in the hoard are even rarer because they do not include "In God We Trust," which was added in 1866 after the end of the Civil War.
(Excerpt) Read more at livescience.com ...
FR Gold & Silver Ping List!
His property. Feds can go eff themselves.
Why don’t I ever find things like this? The best thing I ever found was an 1891 seated liberty silver dime.
The best I found was a 1981 dime.
Treasure stories are always fun!
I remember wheat pennies being pretty common as a kid. Now I feel lucky if I see one in a year. Same for WW2-era nickles. I will find those every few years. But nothing else.
Congratulations to the Kentucky farmer!
I cannot fathom why anyone would announce this to the world.
Just keep it and shut up.
And yes, have it appraised by a reputable appraiser and then sell them off a little at a time.
My couch has yielded far more. :)
All we ever find on out property is trash.
The IRS is already counting their cut.
It’s income based on the value the day you took ownership of the propert—which becomes the basis. Then you are taxed on the capital gain.
Yes, the IRS screws you for stuff buried in the ground for 160 years.
A few years ago a friend of the family found a cache of civil war gold coins in Kentucky also and got rich enough to retire from farming.
Had he kept farming he would have been just as poor as if he never found them.
Did you try planting corn?
Can I come over and do a little detecting? I’ll give you 10% of the booty.
No estimate in the article about how much the entire cache could be worth? And how long before descendants of wealthy folk in the area start claiming they should be the rightful heirs?
the local indigenous peoples are already lining up a lawyer, as are the the local POC demanding reparations because that money was on their land or money earned by slave labor /s.
A story on the tax liability for buried treasure.
My thoughts exactly!
Just another reason why the FBI should be abolished!
I got a wheat penny just a few days ago, but it’s been several years since I got a silver dime in my change.
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