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Skip to comments.Could newly discovered gold coins be the haul stolen by ... San Francisco Mint employee in 1901?
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 havent 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 theyve 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 Superintendents 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 ...
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.
Apparently the two people who found the coins didn’t.
I was just reading about this.
I didn’t. Finders keepers. But then I would have given serious thought to not telling a soul about what I found, too.
There is something to be said about our country boy living. “ Shoot, shovel, and shut up.”
You have to tell someone if you want to sell them (though not the 'how you found them' part).
Never tell nobody nothin about nothin.
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.”
Posted at 10:49pm on 2/26
Don’t Freepers search before posting anymore?
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!
Why, may I ask?
Wouldn’t the statute of limitations have run out by now?
I think the statute of limitations just keeps them from being able to prosecute you. It doesn’t transfer ownership.
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.
“There is something to be said about our country boy living. Shoot, shovel, and shut up.
I like the way you think brother!
I would think so. I have sold gold American Eagles before, and I wasn’t asked where or how I got them.
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?
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.
Here we go....
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
Should have taken a few to the auction house, and sold them. You aren’t required to say where you got a coin.
Your theory does seem likely.
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.
$30,000 in $20 coins is 1500 coins, not 500. 1500 minus 1427 = 73 unaccounted for.
I smell government sniffing for lost gold with no claim.