Skip to comments.California couple finds $10M in gold coins buried in their yard
Posted on 02/26/2014 5:33:17 AM PST by Daffynition
LOS ANGELES A California couple on their daily walk with their dog, a walk they've taken for years, discovered what may be the greatest buried treasures ever found in the U.S.
The cache of rare Gold Rush-era coins is worth more than $10 million, a currency firm representing the pair said on Tuesday.
The 1,400 gold pieces, dating to the mid- to late 1800s and still in nearly mint condition, were discovered buried in eight decaying metal cans on the couple's land in April, said coin expert David McCarthy of currency firm Kagin's.
(Excerpt) Read more at courant.com ...
This I can gurantee you. It won’t be theirs for long with Holder’s and Sebelius’ government in charge.
When the IRS and California revenuers get finished they’ll be lucky they won’t get a bill.
That’s just what I was thinking. What State or Federal agency will extend their legal authority and claim this find as theirs?
Historical reasons? War on Drugs? IRS?
Dang! That’s where I left those coffee cans!
Amen to that. Never speak about finding large sums of cash.
Now the state, the IRS and goofy relatives of the people who owned the house before will be sniffing around.
should have kept their mouths shut. Stupid
I would guess they want to sell most of it. A large amount like this would needs some publicity to generate the top dollar paid.
Exactly. Why tell anyone? This is the society we live in. Everybody needs to brag and toot their horn on Facebook and Youtube at every opportunity.
CA or the feds will figure out a way to take it.
You are right about that. They should have kept their mouth shut. And the people’s government. You got to remember how Holder, etal. got where they are.
Great find for the lucky people BUT, here comes the gubmint.
I will bet these people will regret the day they found those coins and will be paying a HEFTY tax on their new found “INCOME”.
Stupid is, as stupid does. - Forrest Gump.
People are going to race to find out who actually “owns” the land (checking who owned it previously, file lawsuits, etc...) and then try to confiscate this treasure from the them.
... and all the “new” freinds that will be hounding them and trying to take advantage of them. They should have kept this find as secret as possible; they are in for a hell of a time.
I’m guessing historical and probably end up in the personal collection of an already wealthy politician.
Max Cap gains tax + Kalifornia + Kali Mental Health Services Tax tax = .28 + .123 +.01 = .413 taken off the top by government, plus there is the Kalifornistan AMT of 7% which I don't know if it would apply or not, but if it does, then 48.3% gone.
Government is a good racket to be in. You collect protection money from everyone, at the cost of paying small bribes to the permanently lazy segment of the population and large expenditures to your cores supporters like Soylandra's management.
From the article:
Donald Kagin, president of Kagin’s Inc., a numismatic firm that specializes in U.S. gold coins, announced the discovery. The company represents the couple, who want to remain anonymous
You have that right!
From the article:
The rare and perfectly preserved U.S. gold coins date from 1847 to 1894...