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Couple Stumbles Upon $10 Million in Rare Coins
ABC News ^ | February 26, 2014 | By JOHN ROGERS

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.

[continued at link]

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Chit/Chat; Hobbies; Miscellaneous; Weird Stuff
KEYWORDS: 10million; afterthegoldrush; california; coin; coins; couple; gold; goldbugs; numismatics; rare; treasure
MINT condition.

I'll see if I can find you a picture.

1 posted on 02/26/2014 5:52:38 PM PST by aMorePerfectUnion
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To: aMorePerfectUnion

2 posted on 02/26/2014 5:55:50 PM PST by aMorePerfectUnion
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To: aMorePerfectUnion

you mean the state of ca, just got a 10million dollar shot to the treasury


3 posted on 02/26/2014 5:56:10 PM PST by TMSuchman (John 15;13 & Exodus 21:22-25 Pacem Bello Pastoribus Canes [shepard of peace,dogs of war])
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To: aMorePerfectUnion

4 posted on 02/26/2014 5:56:39 PM PST by aMorePerfectUnion
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To: aMorePerfectUnion

Some people need to learn to STFU


5 posted on 02/26/2014 5:56:52 PM PST by al baby (Hi MomÂ… I was refereeing to Obama)
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To: al baby

Agreed. That secret would have gone to my grave.


6 posted on 02/26/2014 5:59:05 PM PST by madison10
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To: aMorePerfectUnion

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!


7 posted on 02/26/2014 5:59:49 PM PST by MeshugeMikey (how many times has obie fundamentaly transformed obamacare now?)
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To: aMorePerfectUnion
Was there a rainbow the day they found it? If so, I know who it belongs to.


8 posted on 02/26/2014 6:02:19 PM PST by Blood of Tyrants (Haven't you lost enough freedoms? Support an end to the WOD now.)
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To: aMorePerfectUnion

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.


9 posted on 02/26/2014 6:05:32 PM PST by TigersEye (Stupid is a Progressive disease.)
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To: al baby; madison10

How to you sell a 1 million dollar coin?


10 posted on 02/26/2014 6:05:32 PM PST by dynoman (Objectivity is the essence of intelligence. - Marylin vos Savant)
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To: aMorePerfectUnion

“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


11 posted on 02/26/2014 6:07:28 PM PST by 9422WMR (: " Tolerance is the virtue of a man who has no convictions".)
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To: TMSuchman; al baby

“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.


12 posted on 02/26/2014 6:08:20 PM PST by AlexW
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To: aMorePerfectUnion

It would save a few million in taxes to move to Florida before selling those coins.


13 posted on 02/26/2014 6:09:51 PM PST by AZLiberty (No tag today.)
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To: dynoman

I’m guessing auction or private investor.


14 posted on 02/26/2014 6:13:07 PM PST by aMorePerfectUnion
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To: aMorePerfectUnion
Photos at this link

Earlier thread if anyone is interested in reading the comments thereon:

NorCal Couple Finds $10M In Gold Coins; May Be Greatest Buried Treasure Ever Found In U.S.


15 posted on 02/26/2014 6:16:23 PM PST by deport
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To: dynoman

Well id go see Chumlee


16 posted on 02/26/2014 6:20:29 PM PST by al baby (Hi MomÂ… I was refereeing to Obama)
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To: aMorePerfectUnion

I’m guessing auction or private investor.

*************

Apparently both private and Amazon.com.

http://www.sfgate.com/bayarea/article/Gold-Country-couple-discovers-millions-in-buried-5266314.php#page-2

About 90 percent of the coins will post on Amazon.com’s Collectibles
site, probably in May, Kagin said. The rest he will sell privately,
“to well-heeled collectors who desire the finest and the rarest.”


17 posted on 02/26/2014 6:21:13 PM PST by deport
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To: aMorePerfectUnion

Shoot, I never find anything... %:(


18 posted on 02/26/2014 6:25:46 PM PST by madison10
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To: al baby
"Some people need to learn to STFU>"

I hear that the best thing to do in these situations is to bury the coins in a can in your backyard.

19 posted on 02/26/2014 6:28:02 PM PST by PUGACHEV
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To: MeshugeMikey

Tiburon is where one of the apraiser/restorer guys lived. I think the folks are up in the foothills.


20 posted on 02/26/2014 6:53:17 PM PST by Axenolith (Government blows, and that which governs least, blows least...)
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To: dynoman

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).


21 posted on 02/26/2014 7:01:52 PM PST by Axenolith (Government blows, and that which governs least, blows least...)
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.


22 posted on 02/26/2014 7:04:29 PM PST by ButThreeLeftsDo (Tired Of The Same Five Stories Every Day)
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Could newly discovered gold coins be the haul stolen by disgraced San Francisco Mint employee in 1901?


23 posted on 02/27/2014 5:49:30 AM PST by deport
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To: Axenolith
Yes apparently I read it wrong

The company represents the couple, who want to remain anonymous for fear treasure hunters will descend on their propertyin Northern California's so-called Gold Country, named after the state's 1849 Gold Rush.

24 posted on 02/27/2014 6:53:53 AM PST by MeshugeMikey (how many times has obie fundamentaly transformed obamacare now?)
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To: Axenolith

“Remember the idiots that had the 10 - 1933 $20’s, 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?


25 posted on 02/27/2014 8:10:00 AM PST by dynoman (Objectivity is the essence of intelligence. - Marylin vos Savant)
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To: dynoman

Yup.


26 posted on 02/27/2014 4:51:34 PM PST by Axenolith (Government blows, and that which governs least, blows least...)
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