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$10M Gold Coin Hoard Found in Yard May Have Been Stolen From Mint
Abc ^ | 3/4/14 | By DINA ABOU SALEM and BILL MCGUIRE

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 ...


TOPICS: Chit/Chat
KEYWORDS: money
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WHAT a surprise!!


1 posted on 03/04/2014 11:01:21 AM PST by GrandJediMasterYoda
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To: GrandJediMasterYoda

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.


2 posted on 03/04/2014 11:03:55 AM PST by bigbob (The best way to get a bad law repealed is to enforce it strictly. Abraham Lincoln)
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To: GrandJediMasterYoda

I KNEW the government would get it from them. I knew it! I knew it!

Shovel, stash and STFU, Dummies!


3 posted on 03/04/2014 11:04:01 AM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: GrandJediMasterYoda

It’s California. They’re going to prison.


4 posted on 03/04/2014 11:04:16 AM PST by ButThreeLeftsDo (Support Free Republic!!!)
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To: GrandJediMasterYoda

Guess they were not satisfied with only taking half.


5 posted on 03/04/2014 11:04:25 AM PST by SouthParkRepublican
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To: GrandJediMasterYoda

But of course!


6 posted on 03/04/2014 11:04:39 AM PST by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: ButThreeLeftsDo

I’m from the government and I’m here to help.


7 posted on 03/04/2014 11:05:10 AM PST by thorvaldr
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To: unixfox

I figured the government would find some way to confiscate the find.


8 posted on 03/04/2014 11:05:41 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: GrandJediMasterYoda

Fools...

9 posted on 03/04/2014 11:05:46 AM PST by Abathar (Proudly posting without reading the article carefully since 2004)
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To: GrandJediMasterYoda

No, no. All they have to do is prove that they aren’t stolen and they get to keep them. /s


10 posted on 03/04/2014 11:06:18 AM PST by Portcall24
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To: bigbob

Yep,I see the state and the feds stiffing around for some free cash!


11 posted on 03/04/2014 11:06:20 AM PST by plainshame
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To: thorvaldr
I’m from the government and I’m here to help myself to anything you have that I may want.

There, fixed it for ya. ;-)
12 posted on 03/04/2014 11:06:43 AM PST by Army Air Corps (Four Fried Chickens and a Coke)
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To: GrandJediMasterYoda

Stolen property is stolen property. It doesn’t become someone else’e property simply because they discover it where the thief stashed it.


13 posted on 03/04/2014 11:06:45 AM PST by Sherman Logan
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To: bigbob

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%.


14 posted on 03/04/2014 11:06:47 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: thorvaldr

I’m from the government and I’m here to help myself.


15 posted on 03/04/2014 11:07:01 AM PST by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: Diana in Wisconsin

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.


16 posted on 03/04/2014 11:07:05 AM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: ButThreeLeftsDo

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.


17 posted on 03/04/2014 11:08:02 AM PST by GrandJediMasterYoda (Hitlery: Incarnation of evil.)
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To: GrandJediMasterYoda

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...


18 posted on 03/04/2014 11:09:03 AM PST by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: Sherman Logan

pit was stolen 115 years ago...there are statutes of limitations


19 posted on 03/04/2014 11:10:02 AM PST by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: GrandJediMasterYoda

Mooch saw the coins and came up with an idea for a new necklace and matching bracelet.


20 posted on 03/04/2014 11:10:05 AM PST by Vinnie
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To: Sherman Logan

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.


21 posted on 03/04/2014 11:10:23 AM PST by GrandJediMasterYoda (Hitlery: Incarnation of evil.)
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To: MrB

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.


22 posted on 03/04/2014 11:10:29 AM PST by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: GrandJediMasterYoda

They should had never said a word to anyone and done their own research and sold them very privately to collectors.


23 posted on 03/04/2014 11:10:31 AM PST by plainshame
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To: GrandJediMasterYoda

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.


24 posted on 03/04/2014 11:10:56 AM PST by Pollster1 ("Shall not be infringed" is unambiguous.)
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To: bigbob
Northern California fishing guide Jack Trout, who is also a historian and collector of rare coins, turned up the news of the theft.

No one likes a tattletale, Jack.

25 posted on 03/04/2014 11:13:08 AM PST by Puppage (You may disagree with what I have to say, but I shall defend to your death my right to say it)
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To: SouthParkRepublican

There is not a small amount of irony on this thread, if it is true . . . FReepers advocating stealing from the government.


26 posted on 03/04/2014 11:13:11 AM PST by 1rudeboy
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To: GrandJediMasterYoda
They're obviously not preppers. That would have been one hell of a SHTF fund, had they kept their mouths shut.
27 posted on 03/04/2014 11:14:05 AM PST by AlaskaErik (I served and protected my country for 31 years. Progressives spent that time trying to destroy it.)
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To: cripplecreek
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.

Damn straight! I lived in California for awhile..

28 posted on 03/04/2014 11:14:11 AM PST by IamConservative (Damn that groundhog!)
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To: GrandJediMasterYoda

The couple who found these coins should have done their research before going public —

or maybe they did.


29 posted on 03/04/2014 11:15:29 AM PST by Uncle Chip
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To: Pollster1

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.


30 posted on 03/04/2014 11:16:45 AM PST by ltc8k6
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To: GrandJediMasterYoda
The government should be able to prove that, but IMO that isn't likely truth. More than likely some wealthy person buried stuff because they did not trust banks in the past.

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.

31 posted on 03/04/2014 11:17:42 AM PST by A CA Guy ( God Bless America, God Bless and keep safe our fighting men and women.)
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To: 1rudeboy

The government STEALS from us everyday,!!!!


32 posted on 03/04/2014 11:19:31 AM PST by Kit cat (OBummer must go)
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To: GrandJediMasterYoda
WHAT a surprise!!

Yeah.

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.

33 posted on 03/04/2014 11:19:49 AM PST by null and void (<--- unwilling cattle-car passenger on the bullet train to serfdom)
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To: A CA Guy

Maybe they were buried to hide them from FDR?


34 posted on 03/04/2014 11:20:08 AM PST by ltc8k6
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To: GrandJediMasterYoda; GeronL

Marxists believe that all property is theft.


35 posted on 03/04/2014 11:20:20 AM PST by a fool in paradise (The Texas judge's decision was to pave the way for same sex divorce for two Massachusetts women.)
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To: Kit cat

Well, I guess stealing is ok, then. /s


36 posted on 03/04/2014 11:20:43 AM PST by 1rudeboy
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To: Uncle Chip

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.


37 posted on 03/04/2014 11:20:44 AM PST by GrandJediMasterYoda (Hitlery: Incarnation of evil.)
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To: GrandJediMasterYoda

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.”

Idiots.


38 posted on 03/04/2014 11:20:49 AM PST by Vermont Lt (If you want to keep your dignity, you can keep it. Period........ Just kidding, you can't keep it.)
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To: 1rudeboy
There is not a small amount of irony on this thread, if it is true . . . FReepers advocating stealing from the government.

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.

39 posted on 03/04/2014 11:20:54 AM PST by MeganC (Support Matt Bevin to oust Mitch McConnell! https://mattbevin.com/)
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To: cripplecreek

State?

I would have bought myself a citizenship of the Cayman Islands.


40 posted on 03/04/2014 11:21:32 AM PST by woodbutcher1963
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To: Vaquero

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.


41 posted on 03/04/2014 11:21:41 AM PST by Sherman Logan
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To: MeganC
You're making the unfounded assertion . . . .

I specifically direct you to the words, "if it is true."

42 posted on 03/04/2014 11:22:07 AM PST by 1rudeboy
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To: ltc8k6

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.


43 posted on 03/04/2014 11:22:11 AM PST by A CA Guy ( God Bless America, God Bless and keep safe our fighting men and women.)
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To: Vaquero

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.


44 posted on 03/04/2014 11:22:43 AM PST by Vermont Lt (If you want to keep your dignity, you can keep it. Period........ Just kidding, you can't keep it.)
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To: ltc8k6

I believe the weight of the gold was worth only 27,000 it was the rarity of
the coins that brought the REAL value!!


45 posted on 03/04/2014 11:23:08 AM PST by Kit cat (OBummer must go)
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To: 1rudeboy

I responded to the sum of your comment, not a portion of it.


46 posted on 03/04/2014 11:23:22 AM PST by MeganC (Support Matt Bevin to oust Mitch McConnell! https://mattbevin.com/)
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<> Yes, that is EXACTLY what I am saying. And I would do it without losing a second's worth of sleep.
47 posted on 03/04/2014 11:23:53 AM PST by Vermont Lt (If you want to keep your dignity, you can keep it. Period........ Just kidding, you can't keep it.)
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To: MeganC
Right. You ignored the part of my comment that defeats your assertion.
48 posted on 03/04/2014 11:24:09 AM PST by 1rudeboy
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To: Vaquero

[ 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...


49 posted on 03/04/2014 11:24:14 AM PST by GraceG
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To: A CA Guy

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.


50 posted on 03/04/2014 11:25:20 AM PST by Sherman Logan
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