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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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?