Skip to comments.$10M Gold Coin Hoard Found in Yard May Have Been Stolen From Mint
Posted on 03/04/2014 11:01:21 AM PST by GrandJediMasterYoda
$10M Gold Coin Hoard Found in Yard May Have Been Stolen From Mint
A California couple who found a stash of buried gold coins valued at $10 million may not be so lucky after all. The coins may have been stolen from the US Mint in 1900 and thus be the property of the government, according to a published report.
The San Francisco Chronicle's website reported that a search of the Haithi Trust Digital Library provided by Northern California fishing guide Jack Trout, who is also a historian and collector of rare coins, turned up the news of the theft.
The California couple, who have not been identified, spotted the edge of an old can on a path they had hiked many times before several months ago. Poking at the can was the first step in uncovering a buried treasure of rare coins estimated to be worth $10 million.
(Excerpt) Read more at abcnews.go.com ...
I’ve made a note to myself, that if I ever fine $10M worth of old gold coins buried in the ground, to keep my mouth shut about it.
I KNEW the government would get it from them. I knew it! I knew it!
Shovel, stash and STFU, Dummies!
It’s California. They’re going to prison.
Guess they were not satisfied with only taking half.
But of course!
I’m from the government and I’m here to help.
I figured the government would find some way to confiscate the find.
No, no. All they have to do is prove that they aren’t stolen and they get to keep them. /s
Yep,I see the state and the feds stiffing around for some free cash!
Stolen property is stolen property. It doesn’t become someone else’e property simply because they discover it where the thief stashed it.
They made the calculation that
numismatic value - taxes > value of gold bullion - no taxes.
However, they didn’t bargain that the “taxes” would be 100%.
I’m from the government and I’m here to help myself.
If I had lived in California and found it, I would have gotten a moving van and an attorney in the state I was fleeing to.
LOL! I would not doubt it, and I’m serious. I read an article where they were thinking of charging them because they did not immediately report the find. It was probably just an attempt by the Marxists to steal it until they came up with this “theft” stuff, but it would not surprise me in the least if charges are brought against them.
I said to my son when I first read this....the zer0 government’s gonna claim it somehow. better to melt it into ingots and lose the numismatic value than lose the whole thing...
pit was stolen 115 years ago...there are statutes of limitations
Mooch saw the coins and came up with an idea for a new necklace and matching bracelet.
Yes but we are living in a country where Marxists regularly lie to get what they want. Until they show proof for all we know it could have been some rich hermit who buried it and forgot it.
Even IF it was found NOT to be from the mint, they would still find a way to confiscate it.
They should have kept their mouths shut.
They should had never said a word to anyone and done their own research and sold them very privately to collectors.
Apparently, they found five cans of gold coins. If they were smarter, they would have “found” one can of gold coins and waited to see what their local kleptocrats did about it.
No one likes a tattletale, Jack.
There is not a small amount of irony on this thread, if it is true . . . FReepers advocating stealing from the government.
Damn straight! I lived in California for awhile..
The couple who found these coins should have done their research before going public —
or maybe they did.
Well, maybe they are honest and don’t want any stolen property?
Having said that, they should have figured out which two or three coins had the highest numismatic value and set them aside.
Then melted down the rest into 5 ounce gold bars and sold the bars one at a time in different places. The gold alone is around $2M I think, given there are over 1,400 coins.
Then take the two or three high value coins one at a time to different coin dealers.
If a robber stole than money you know they would have disbanded it all for cash over time, not bury it after risking their like to take it.
The government STEALS from us everyday,!!!!
Instead of confiscating half of it in taxes, they want to seize all of it, and still assess the taxes, and still impose jail time for not reporting it in the calendar year it was found and paying the taxes then.
Maybe they were buried to hide them from FDR?
Marxists believe that all property is theft.
Well, I guess stealing is ok, then. /s
They shouldn’t have gone public at all, especially in Commiefornia. What’s going to happen is the government will steal it, give them a pittance for a reward and then tax the hell out of the reward.
The people who found this were idiots.
They deserve to lose it all.
What is the problem with selling a couple of coins at different places around the country a couple of times a year.
“Oh, I got these from my great grandfather. He gave me four of them.”
You're making the unfounded assertion that this cache of coins are the same coins that were stolen from the US Mint in 1900. Logically, the US Mint in 1900 would have had no practicable reason to be in possession of coins any older than 1899. Therefore this is a private stash of coins and not a government stash.
The burden of proof then falls on the government to prove that a crime has been committed and that these exact coins are the exact same coins that were allegedly stolen in 1900.
So what identifying characteristics prove beyond any reasonable doubt that these are the exact coins in question? Hmmm?
Because from where I sit it sure smells like some thief with a (D) after their name came up with a way to steal under the color of authority.
I would have bought myself a citizenship of the Cayman Islands.
Yes it was. So let the law play out.
Statute of Limitations, BTW, refers to criminal liability, not transfer of property rights. I believe that even if I hide my ill-gotten gains till after the SoL runs out, I still don’t have a legal right to the property I stole.
The relevant law here is probably that regarding “treasure trove,” which goes in the common law all the way back to pre-Norman times in England. Under common law the sovereign owned the rights to ALL treasure trove in the land.
Sovereign rights transferred to each state at independence, so in some states common law still applies. Most have, however, modified common law by statute. Various states assign property rights in treasure trove to the finder, the landowner, the state, the county, or the township. Or split it up among these various entities in different ways.
No idea how CA law applies specifically, or whether federal law trumps if the coins were originally federal property, which is likely.
I specifically direct you to the words, "if it is true."
They would have already paid taxes to have those coins in hand.
I don’t by the stolen coin theory. To rob that from the military and then just bury it? Makes no sense except to the US government that wants the coin.
Yes, on the crime. But stolen property is stolen and it belongs to the original owner.
Example: Art work stolen during WWII. Still being returned to the rightful owner after 70 years.
But I never would have told anyone I had it.
I believe the weight of the gold was worth only 27,000 it was the rarity of
the coins that brought the REAL value!!
I responded to the sum of your comment, not a portion of it.
[ there are statutes of limitations ]
Only for crimes concerning the pitiful little sheep citizens, for FedGov, the only statue of limitations is the end of time itself...
Fairly often a thief hides the stuff, then never makes it back to collect it. Most often because he’s either in clink or dead.