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Could newly discovered gold coins be the haul stolen by ... San Francisco Mint employee in 1901?
The Daily Mail Online ^ | February 26, 2014 | CHRIS WHITE IN SAN FRANCISCO and DAVID MCCORMACK Read more: http://www.dailymail.co.uk/news/article

Posted on 02/26/2014 9:32:34 PM PST by Uncle Chip

Treasure hunting enthusiasts weigh in on origins of couple's $10 million find

The mysterious haul of gold coins discovered by a Northern California couple while out walking their dog – and valued at $10 million – may well be a previously undiscovered bounty that an employee of the San Francisco Mint was convicted of stealing in 1901.

The couple, who haven’t been named, stumbled across the haul of 1,427 rare, mint-condition gold coins, nearly all dating from 1847 to 1894, buried in the shadow of an old tree on their Gold Country property in February 2013. The face value of the Saddle Ridge Hoard, as they’ve called it, added up to about $27,000, but some of the coins are so rare that experts say they could fetch nearly $1million apiece.

The couple went public with their amazing discovery on Tuesday, and treasure enthusiasts have been quick to suggest that the coins could be the same ones stolen by Walter Dimmick, an employee of the San Francisco Mint in the late 1800′s, reports Altered Dimensions.

Dimmick began working at the mint in 1898 and by 1901 was trusted with the keys to the vaults – until an audit revealed a $30,000 shortage in $20 Double Eagle coins, six bags in all.

He quickly became the prime suspect as he was the last person to see the missing gold coins and had already been caught practicing how to forge the Superintendent’s name. After a month-long trial, Dimmick was convicted of stealing the coins and sentenced to nine years at the San Quentin prison in California.....

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; Local News
KEYWORDS: afterthegoldrush; california; coin; coins; epigraphyandlanguage; gold; goldbugs; numismatics; treasure
Who Didn't See This Coming
1 posted on 02/26/2014 9:32:36 PM PST by Uncle Chip
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To: Uncle Chip

Yep, I had a feeling something like this might happen. Hopefully the folks are well-represented and can stand up to any potential grab by the state/feds that might be coming.


2 posted on 02/26/2014 9:36:32 PM PST by DemforBush (A Repo Man is *always* intense.)
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To: Uncle Chip

Apparently the two people who found the coins didn’t.


3 posted on 02/26/2014 9:38:24 PM PST by Michael.SF. (I never thought anyone could make Jimmy Carter look good in comparison.)
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To: Uncle Chip

I was just reading about this.

http://www.freerepublic.com/focus/f-chat/3127454/posts


4 posted on 02/26/2014 9:42:22 PM PST by Lurkina.n.Learnin (This is not just stupid, we're talking Democrat stupid here.)
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To: Uncle Chip

I didn’t. Finders keepers. But then I would have given serious thought to not telling a soul about what I found, too.


5 posted on 02/26/2014 9:43:10 PM PST by bigbob (The best way to get a bad law repealed is to enforce it strictly. Abraham Lincoln)
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To: Uncle Chip

There is something to be said about our country boy living. “ Shoot, shovel, and shut up.”


6 posted on 02/26/2014 9:44:10 PM PST by Organic Panic
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To: bigbob
But then I would have given serious thought to not telling a soul about what I found, too.

You have to tell someone if you want to sell them (though not the 'how you found them' part).

7 posted on 02/26/2014 9:45:23 PM PST by Michael.SF. (I never thought anyone could make Jimmy Carter look good in comparison.)
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To: bigbob
But then I would have given serious thought to not telling a soul about what I found, too.

Never tell nobody nothin about nothin.

8 posted on 02/26/2014 9:47:04 PM PST by Stentor (Maybe the Goldman Sachs thing is just a coincidence.)
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To: Uncle Chip

Does anyone besides me have a problem with the following statement? I can’t make the math work right for some reason-

“There is certainly compelling evidence to link the two bounties. According to 1901 reports, 500 coins were stolen by Dimmick - only 73 coins less than the 1,427 discovered at Saddle Ridge.”


9 posted on 02/26/2014 9:47:57 PM PST by matthew fuller (I don't think Obama is subhuman.)
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To: Uncle Chip

Posted at 10:49pm on 2/26

http://www.freerepublic.com/focus/f-chat/3127454/posts

Don’t Freepers search before posting anymore?


10 posted on 02/26/2014 9:48:26 PM PST by upchuck (South Carolina Representative Trey Gowdy for Speaker of the House!!!)
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To: bigbob

The U S under Roosevelt criminally went off the gold standard in 1934 or so. This was a major violation of the Founding Father’s intent plus the intent of the Constitution. They have no right to put airs on this couple now!


11 posted on 02/26/2014 9:48:45 PM PST by Stepan12
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To: Michael.SF.
"You have to tell someone if you want to sell them"

Why, may I ask?

12 posted on 02/26/2014 9:51:18 PM PST by matthew fuller (I don't think Obama is subhuman.)
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To: matthew fuller

Wouldn’t the statute of limitations have run out by now?


13 posted on 02/26/2014 9:53:46 PM PST by txhurl (Young the Giant, 'It's About Time')
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To: txhurl

I think the statute of limitations just keeps them from being able to prosecute you. It doesn’t transfer ownership.


14 posted on 02/26/2014 9:56:07 PM PST by Lurkina.n.Learnin (This is not just stupid, we're talking Democrat stupid here.)
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To: bigbob

Dunno, melt it down and become incredibly wealthy, and under the radar I might add, or preserve history?

I suppose it all depends upon the circumstances at hand.


15 posted on 02/26/2014 9:56:15 PM PST by Bshaw (A nefarious deceit is upon us all!)
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To: Uncle Chip

http://www.freerepublic.com/focus/f-chat/3127454/posts


16 posted on 02/26/2014 9:57:16 PM PST by BunnySlippers (I LOVE BULL MARKETS . . .)
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To: Organic Panic

“There is something to be said about our country boy living. “ Shoot, shovel, and shut up.”

I like the way you think brother!


17 posted on 02/26/2014 9:58:08 PM PST by Bshaw (A nefarious deceit is upon us all!)
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To: txhurl

I would think so. I have sold gold American Eagles before, and I wasn’t asked where or how I got them.


18 posted on 02/26/2014 9:58:15 PM PST by matthew fuller (I don't think Obama is subhuman.)
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To: Uncle Chip

If the coins are the ones stolen by Dimmick, why did’nt he come back for the coins after he had served his nine years?


19 posted on 02/26/2014 10:03:44 PM PST by joshua c (Please dont feed the liberals)
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To: matthew fuller

The math would work out if there had not been a typo and “more” instead of a “less” in the sentence.

500 stolen - 73 = 427 found.


20 posted on 02/26/2014 10:07:08 PM PST by married21 ( As for me and my house, we will serve the Lord.)
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To: Uncle Chip

Here we go....


21 posted on 02/26/2014 10:09:19 PM PST by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office.)
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To: Uncle Chip

Agreed.

But there’s a few problems with this SF Mint “theft” theory:

1. The coins would all have to have “S” mint marks, which
is not the case here.

2. The dates on these coins are all decades older than
the time period in which the putative thief worked
at the mint.

3. The dates would likely have all been duplicates from
just a few years, which is not the case with the
discovered cache.


22 posted on 02/26/2014 10:15:25 PM PST by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: DemforBush

Should have taken a few to the auction house, and sold them. You aren’t required to say where you got a coin.


23 posted on 02/26/2014 10:20:12 PM PST by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office.)
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To: married21

Your theory does seem likely.


24 posted on 02/26/2014 10:23:38 PM PST by matthew fuller (I don't think Obama is subhuman.)
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To: Uncle Chip
In another article I recall reading how the coins had been put in the cans roughly by date, oldest on the bottom of one can, getting younger toward the top, then the next can having slightly younger on the bottom, with youngest coins in that can on top, and continuing in the third can to the youngest coins. There were different mints and denominations represented, not just double eagles.

Sounds like someone saved the coins over a period of years, not a grab of double eagles from the same mint at the same time.

Nice try, but I think these folks are entitled to their find.

25 posted on 02/26/2014 10:25:13 PM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: matthew fuller

$30,000 in $20 coins is 1500 coins, not 500. 1500 minus 1427 = 73 unaccounted for.


26 posted on 02/26/2014 10:26:44 PM PST by Kirkwood (Zombie Hunter)
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To: Uncle Chip

I smell government sniffing for lost gold with no claim.


27 posted on 02/26/2014 10:37:36 PM PST by plainshame
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