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Could newly discovered gold coins be the haul stolen by SF Mint employee in 1901? [GOLD COINS]
DAILY MAIL UK ^ | 02/26/14 | STAFF

Posted on 02/26/2014 7:49:29 PM PST by BunnySlippers

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To: Mad Dawgg
sell the coins slowly and report it on your taxes when you do

Why would you ever report it on your taxes?

41 posted on 02/26/2014 8:46:10 PM PST by PistolPaknMama
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To: Born to Conserve

No, just because dates are old does not mean it was over decades.

Especially with banks or certainly MINTS. They store old things in “mint” condition for ages. Especially if the banks don’t exchange for them.

My mother foolishly spent a bunch of Morgan silver dollars left from her grandparents, who had many bank bags of them. They had stopped making them after 1921, period.


42 posted on 02/26/2014 8:50:07 PM PST by the OlLine Rebel (Common sense is an uncommon virtue./Technological progress cannot be legislated.)
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To: 21twelve

I’ve personally found 1 1901 $20. I have a friend that bagged 16 $20’s and a $10 on a grading site. Another guy I know got a spectacular key date $10 worth $30,000-$35,000 a few years back.

I found mine with the ole “Mark I Eyeball”, that irked my detecting buddies to no end...

They’re still out there! They usually end up being where you find them ;-)


43 posted on 02/26/2014 8:51:53 PM PST by Axenolith (Government blows, and that which governs least, blows least...)
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To: PistolPaknMama

‘cause you’re more likely than not going to have a nice little Form 1099 mailed to the IRS and yourself when you do it unless you do it FTF for cash...


44 posted on 02/26/2014 8:53:12 PM PST by Axenolith (Government blows, and that which governs least, blows least...)
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To: Harmless Teddy Bear

Not clear on that. The article said “they match the denominations”. Also said Dimmick was audited and found to be missing Double Eagles - doesn’t mean he wasn’t missing others. He could have just mostly stolen those and had that denomination as the first audit - revealing a massive problem not needing further review to send to the slammer.


45 posted on 02/26/2014 8:54:54 PM PST by the OlLine Rebel (Common sense is an uncommon virtue./Technological progress cannot be legislated.)
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To: BunnySlippers

Am I the only 1 who sees some wrong math here?

“500 coins were stolen by Dimmick - only 73 coins less than the 1,427”

Huh? I’d say that’s a HUGE mismatch.


46 posted on 02/26/2014 8:56:03 PM PST by the OlLine Rebel (Common sense is an uncommon virtue./Technological progress cannot be legislated.)
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To: zorkon128

This is common practice. Indeed identifying the “pedigree” of the coin can add to its value.


47 posted on 02/26/2014 8:58:58 PM PST by the OlLine Rebel (Common sense is an uncommon virtue./Technological progress cannot be legislated.)
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To: RetiredTexasVet

This has been going on for a while.

Story says they were found last year, and clearly they’ve been busy. PCGS already graded and slabbed them. Already selling them. Wow.

I’d be very careful about the selling. When the gov comes down on them they will have to account for everything they had, and what they made. Easier to just present the stash than the cash made from it.


48 posted on 02/26/2014 9:03:27 PM PST by the OlLine Rebel (Common sense is an uncommon virtue./Technological progress cannot be legislated.)
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To: headstamp 2

If it’s stolen property its evidence of a crime and will become “state property”. Mark my words this is the type of deception they will use to steal the coins and then divert them to whatever local politician pays the most so he can add it to his collection.


49 posted on 02/26/2014 9:09:45 PM PST by jsanders2001
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To: the OlLine Rebel
Their condition is what indicates that they were saved over time. It is mentioned that paper money was illegal then, but in actuality what California had was law that stated the method of payment could be stipulated in a contract. Everyone preferred to stipulate that payment in specie usually (gold or silver). Gold and silver in the west circulated a lot and subsequently suffered significant wear from that circulation. Few major coins that circulated in the west stayed in good shape.

In the detecting world, we know that coins dug up in the pristine state circulated very little if at all, we call them a "fresh drop", i.e. it was dropped fairly close to the time it was minted and placed in circulation.

This dime below was a pretty "fresh drop" (the pennies don't do real well in the soil type the dime was found in, other places they come out nice though)


50 posted on 02/26/2014 9:16:03 PM PST by Axenolith (Government blows, and that which governs least, blows least...)
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To: Axenolith

Memo to self:

If I ever find a hoard of gold coins, immediately charter a private jet to Switzerland.


51 posted on 02/26/2014 9:19:11 PM PST by tcrlaf (Well, it is what the Sheeple voted for....)
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To: PistolPaknMama
"Why would you ever report it on your taxes?"

When your net worth steadily climbs over ten million bucks the IRS will eventually take notice.

If you sell to reputable dealer he will keep records.

Selling to anything but will get you noticed by the wrong people who will show up at your house and the ensuing negotiation could end up with you and your family in a shallow grave.

52 posted on 02/26/2014 9:22:18 PM PST by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: the OlLine Rebel

Maybe Walter was selling them a few at a time and got caught when he had 1473 of them left.


53 posted on 02/26/2014 9:22:19 PM PST by VerySadAmerican (".....Barrack, and the horse Mohammed rode in on.")
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To: PistolPaknMama

You could trade them for Bitcoins.


54 posted on 02/26/2014 9:24:22 PM PST by Lurkina.n.Learnin (This is not just stupid, we're talking Democrat stupid here.)
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To: Axenolith

Cool! I did some work at a site locating old tanks, debris, etc. out in New York. They dug one of the areas up and figured it was an old outhouse location with all sorts of stuff in it. They pulled up old bottles, coins and buttons from the Revolutionary War era. (I should have asked for a cut!).


55 posted on 02/26/2014 9:27:42 PM PST by 21twelve (http://www.freerepublic.com/focus/f-news/2185147/posts 2013 is 1933 REBORN)
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To: BunnySlippers

I knew the state of California would figure out a way to get their hands on that treasure. Idiots should have kept their mouths shut and moved to Texas.

They could have then ‘dug up’ their treasure on their new ranch in the middle of nowhere, and no one would have been the wiser. Watch and see if they aren’t screwed out of the whole lot.


56 posted on 02/26/2014 9:36:53 PM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: headstamp 2

hopefully they “lost” a few coins.....


57 posted on 02/26/2014 9:44:50 PM PST by cherry
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To: Husker24

They should have kept their mouth shut.
++


58 posted on 02/26/2014 9:49:26 PM PST by S.O.S121.500 (Had Enough Yet ? ........................ Enforce the Bill of Rights ......... It's the LAW !!!)
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To: BunnySlippers
"nearly all dating from 1847 to 1894"

Why would the San Francisco mint have any gold coins dated 1847? That does not pass the smell test.

59 posted on 02/26/2014 10:03:43 PM PST by UnwashedPeasant
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To: BunnySlippers
Doesn't the U.S. Treasury own and operate the U.S. Mint? If these coins were stolen from the SF Mint in CA, the U.S. Treasury would take ownership of the coins, NOT THE STATE OR ANY CIVILIAN HEIRS!

It's quite possible Dimmick stole more than the SF Mint THOUGHT he stole, and that might account for the difference in quantity/type stolen vs. that found.

60 posted on 02/26/2014 10:21:48 PM PST by CivilWarBrewing
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