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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: california; epigraphyandlanguage; godsgravesglyphs; money; saddleridgehoard
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To: GrandJediMasterYoda
Just like the Philadelphia case several years ago.

The problem arises when you get the coins appraised (unless you happen to be an expert and then can value them yourself). Once a dealer knows the value of your coins, it doesn't matter if you tell anyone or not - the cat is out of the bag.

The government got those coins and I guess they will get these also.

61 posted on 03/04/2014 11:33:28 AM PST by Abby4116
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To: A CA Guy
Lesson to be learned here is to get rid of something like this a little bit at a time and to not make the news. Never brag about found riches.
Basic tax law covers this by the way.
See Cesarini VS the United States in a search engine.
62 posted on 03/04/2014 11:33:37 AM PST by A CA Guy ( God Bless America, God Bless and keep safe our fighting men and women.)
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To: plainshame

Bump that!


63 posted on 03/04/2014 11:34:30 AM PST by Osage Orange (I have strong feelings about gun control. If there's a gun around, I want to be controlling it.)
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To: 1rudeboy
You can not steel from thieves. It is only re-appropriation.
64 posted on 03/04/2014 11:34:36 AM PST by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: Pollster1

If they’d advised the authorities of the one found can, you can bet those authorities would search every inch of their property, and their neighbors’ properties, in search of more gold.


65 posted on 03/04/2014 11:34:44 AM PST by EDINVA
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To: Sherman Logan

Should have melted it down


66 posted on 03/04/2014 11:35:49 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

Don’t forget the tax aspect. The gummint might take the whole amount but the couple did find it. So I predict the IRS will go after them for taxes on $10M.


67 posted on 03/04/2014 11:35:58 AM PST by 17th Miss Regt
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To: Uncle Chip

They are reporting the coins are in minted order! What are the chances
that they are NOT the stolen coins! VERY STUPID COUPLE,! Should have kept their mouths SHUT!!!


68 posted on 03/04/2014 11:36:15 AM PST by Kit cat (OBummer must go)
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To: Jim from C-Town

Justify it any way you will, you are still a thief.


69 posted on 03/04/2014 11:36:17 AM PST by 1rudeboy
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To: GrandJediMasterYoda

https://www.youtube.com/watch?v=-gTqTJEJV_8

how to melt gold


70 posted on 03/04/2014 11:36:19 AM PST by bramps (Go West America!)
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To: bigbob
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.

Couldn't resist their 15 minutes of fame...

71 posted on 03/04/2014 11:36:19 AM PST by Albion Wilde (The less a man knows, the more certain he is that he knows it all.)
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To: ltc8k6

The face value is supposedly $27k, which would mean the stash weighs 1350 troy ounces. Which would make the bullion value today $1,807,056.

Unless I dropped a decimal or something.


72 posted on 03/04/2014 11:36:44 AM PST by Sherman Logan
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To: unixfox

“Shoot, shovel, and shut up” is a phrase that comes to mind here. Different circumstance, same principle.


73 posted on 03/04/2014 11:36:50 AM PST by Fireone (Impeach and imprison, NOW! Treason and murder are still crimes.)
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To: Jim from C-Town

I would claim income equality!!!


74 posted on 03/04/2014 11:37:47 AM PST by Kit cat (OBummer must go)
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To: Kit cat

$27k is the face value of the minted coins. An ounce of gold was worth $20 then. That has changed.


75 posted on 03/04/2014 11:38:01 AM PST by Sherman Logan
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To: woodbutcher1963

Unfortunately, only one country left in the world where you can outright buy a citizenship...St. Kitts & Nevis.... $250K


76 posted on 03/04/2014 11:38:31 AM PST by bjorn14 (Woe to those who call good evil and evil good. Isaiah 5:20)
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To: Portcall24

Isn’t it up to the gubmint to prove that they are stolen with identifiable lists and numbers and all the other stuff the IRS would require of a private citizen?


77 posted on 03/04/2014 11:39:52 AM PST by Baynative (Got bulbs? Check my profile page.)
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To: Kit cat
They are reporting the coins are in minted order!

How is that possible?

78 posted on 03/04/2014 11:43:48 AM PST by Karl Spooner
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To: GrandJediMasterYoda

I would not also be surprised if California laid claim to it. In my state, “historic properties” are deemed to be natural resources that belong to the State.


79 posted on 03/04/2014 11:44:27 AM PST by kaehurowing
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To: Portcall24

The gold coins are theirs to keep, because the statute of limitations expired and made the gold coins the property of whoever possesses them.

You can steal gold bars from the U.S. Government at Fort Knox and get to keep them, so long as you remain in and subject to the jurisdiction of the courts until the statute of limitations has expired.


80 posted on 03/04/2014 11:45:13 AM PST by WhiskeyX ( provides a system for registering complaints about unfair broadcasters and the ability to request a)
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