Skip to comments.Couple Stumbles Upon $10 Million in Rare Coins
Posted on 02/26/2014 5:52:38 PM PST by aMorePerfectUnion
A Northern California couple out walking their dog on their property stumbled across a modern-day bonanza: $10 million in rare, mint-condition gold coins buried in the shadow of an old tree.
Nearly all of the 1,427 coins, dating from 1847 to 1894, are in uncirculated, mint condition, said David Hall, co-founder of Professional Coin Grading Service of Santa Ana, which recently authenticated them.
Although the face value of the gold pieces only adds up to more than $28,000, some of them are so rare that coin experts say they could fetch nearly $1 million apiece.
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I'll see if I can find you a picture.
you mean the state of ca, just got a 10million dollar shot to the treasury
Some people need to learn to STFU
Agreed. That secret would have gone to my grave.
It been reported that they the owners of these fine coins live in Tiburon CA.
Life just aint FAIR..Tiburon’s pretty Upscale
these coins should have been found in Detroit....!!
DEMAND GOLD COIN DISCOVERY EQUITY NOW!
It sure peaks the curiosity as to who buried and lost $28k worth of gold coins which was no small amount if it was close to the date of the newest coin of 1894.
How to you sell a 1 million dollar coin?
“Nearly all of the 1,427 coins, dating from 1847 to 1894, are in uncirculated, mint condition, “
Really? Found buried in a can and they are uncirculated?
Seems to me they were circulated a bit before someone STUFFED them in a can and buried them.
Maybe they were still in the US Mint plastic packaging. Nope, they are WAY older than that invention/S
“you mean the state of ca, just got a 10million dollar shot to the treasury”
“The pair are choosing to remain anonymous”.
I should hope so.
It would save a few million in taxes to move to Florida before selling those coins.
I’m guessing auction or private investor.
Earlier thread if anyone is interested in reading the comments thereon:
Well id go see Chumlee
Im guessing auction or private investor.
Apparently both private and Amazon.com.
About 90 percent of the coins will post on Amazon.coms Collectibles
site, probably in May, Kagin said. The rest he will sell privately,
to well-heeled collectors who desire the finest and the rarest.
Shoot, I never find anything... %:(
I hear that the best thing to do in these situations is to bury the coins in a can in your backyard.
Tiburon is where one of the apraiser/restorer guys lived. I think the folks are up in the foothills.
There will be PLENTY of buyers. One of the coins is an 1866-S no motto $20 and it graded MS-63 which is a grade above the finest known example. I’m gonna guess that one will crack 1-1.25 mil as the last MS62 sale was around $375K.
There is an 1886-S that is I think tied with or surpassed its best, and there are only 40 or 50 known examples.
Since I am infatuated with old US real money, if I found this, I’d grade out the beast of each unique date to keep, and filter the remainder out slowly without a lot of news coverage.
Remember the idiots that had the 10 - 1933 $20’s, they flushed ~60-70 million dollars down the drain idiotifying theirs (sent ALL to treasury to ask if they were real).
“Remember the idiots that had the 10 - 1933 $20s, they flushed ~60-70 million dollars down the drain identifying theirs (sent ALL to treasury to ask if they were real).”
What happened - did the treasury keep them?