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California couple's buried gold coins go for sale
yahoo ^ | 5/27/2014 | ap

Posted on 05/27/2014 1:54:15 PM PDT by mdittmar

Edited on 05/27/2014 1:57:26 PM PDT by Admin Moderator. [history]

WHY ARE THEY SO VALUABLE?

Experts say paper money was illegal in California until the 1870s, so it's extremely rare to find any coins from before that period. Additionally, most of the coins are in mint condition, having been stashed away seemingly immediately after they were minted. They were valued by Don Kagin, a numismatist who is handling the sale and marketing of the coins.


(Excerpt) Read more at news.yahoo.com ...


TOPICS: Chit/Chat; Hobbies
KEYWORDS: california; coinage; coins; metaldetecing; numismatics; treasure; treasurehunting
WHAT IS IN THE COLLECTION?

The treasure consists of four $5 gold pieces, fifty $10 gold pieces, and 1,373 $20 double eagles. Among the coins that will be on display Tuesday is the crown jewel of the collection — an 1866-S No Motto $20 gold piece valued at more than $1 million.

I found a Buffalo nickel once.

1 posted on 05/27/2014 1:54:15 PM PDT by mdittmar
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To: mdittmar

LOL! I got a silver quarter in change once and thought I had hit the lottery. And to think that within my lifetime you silver quarters, dimes, and half dollars were routine.


2 posted on 05/27/2014 2:02:22 PM PDT by Blood of Tyrants (Haven't you lost enough freedoms? Support an end to the WOD now.)
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To: Blood of Tyrants

When I was 13 years old you could buy a gallon of gasoline for a quarter. Today a 1963 quarter will still buy a gallon of gasoline.


3 posted on 05/27/2014 2:07:39 PM PDT by 1raider1
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To: Blood of Tyrants

Got two metal detectors,”digging in the dirt and finding dirt”;)


4 posted on 05/27/2014 2:07:41 PM PDT by mdittmar
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To: mdittmar

They are idiots for telling anyone.

They should have just quietly sold it, over time.


5 posted on 05/27/2014 2:12:31 PM PDT by TheThirdRuffian (RINOS like Romney, McCain, Christie are sure losers. No more!)
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To: Blood of Tyrants
Wifey's one who'll stop to pick up a "lucky penny", and did so a few months ago at a restaurant while traveling.

She popped it into her pocket and when we got home it was a virtually uncirculated 1901 Indian Head -- musta been somebody's good luck coin.

6 posted on 05/27/2014 2:13:12 PM PDT by ErnBatavia (The 0baMao Experiment: Abject Failure)
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To: 1raider1

According to inflation calculators, the inflation rate from 1800 to 1913 was -40%. From then until now it is 2500%.


7 posted on 05/27/2014 2:13:25 PM PDT by Blood of Tyrants (Haven't you lost enough freedoms? Support an end to the WOD now.)
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To: mdittmar

More to the point, what percentage are State thugs confiscating in their perpetual mock “protection” racket.


8 posted on 05/27/2014 2:15:42 PM PDT by Jack Hammer
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To: TheThirdRuffian

Looks like it worked out o.k.,no legitimate claims on the find.


9 posted on 05/27/2014 2:16:48 PM PDT by mdittmar
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To: Jack Hammer

As a grammer cop, I gotta point out that you just ended a question with a period.


10 posted on 05/27/2014 2:18:38 PM PDT by Slump Tester (What if I'm pregnant Teddy? Errr-ahh -Calm down Mary Jo, we'll cross that bridge when we come to it)
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To: Slump Tester

I stand corrected. Thank you?


11 posted on 05/27/2014 2:20:28 PM PDT by Jack Hammer
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To: Slump Tester
Good thing you're not a spelling cop.

-PJ

12 posted on 05/27/2014 2:21:27 PM PDT by Political Junkie Too (If you are the Posterity of We the People, then you are a Natural Born Citizen.)
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To: mdittmar

Glad to see this come up again....I was wondering what happened with this hoard story.


13 posted on 05/27/2014 2:22:17 PM PDT by the OlLine Rebel (Common sense is an uncommon virtue./Technological progress cannot be legislated.)
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To: mdittmar

Frankly amazed the State did not seize them.


14 posted on 05/27/2014 2:23:22 PM PDT by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
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To: Slump Tester
As a grammer cop, I gotta point out that you just ended a question with a period.

Isn't irony ironic?

15 posted on 05/27/2014 2:25:19 PM PDT by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
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To: mdittmar

“Looks like it worked out o.k.,no legitimate claims on the find.”

you mean, except by the IRS and CA, which consider the finding of a “treasure trove” ordinary income that is immediately taxable.


16 posted on 05/27/2014 2:38:24 PM PDT by TheThirdRuffian (RINOS like Romney, McCain, Christie are sure losers. No more!)
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To: Lazamataz

They stole half. See my previous post.


17 posted on 05/27/2014 2:38:51 PM PDT by TheThirdRuffian (RINOS like Romney, McCain, Christie are sure losers. No more!)
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To: TheThirdRuffian

You raise an excellent point of course no conservative can ignore, however I do believe there might be problems with selling the coins piecemeal. Especially the ultra-rare one worth a million dollars.

There will always be questions as to proper chain of custody when selling coins of this value. No pawn shop or other broker is going to just buy them no questions asked. And ID will be required, etc.

In the end, some racket is going to get their cut, either the IRS and their related state goons, or Jimmy Broken-nose at your local pawn shop. There is no getting around that loss.

Maybe Jimmy Broken-nose wouldn’t take as much as the IRS however.


18 posted on 05/27/2014 2:45:26 PM PDT by FourtySeven (47)
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To: Lazamataz

As I recall, grammer got runned over by a reindeer.


19 posted on 05/27/2014 2:47:59 PM PDT by deoetdoctrinae (Gun-free zones are playgrounds for felons.)
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To: FourtySeven

Pawn shops are pikers. These are going to serious numismatists, both individual and maybe some coin shops who actually know something Bout them.


20 posted on 05/27/2014 2:50:00 PM PDT by the OlLine Rebel (Common sense is an uncommon virtue./Technological progress cannot be legislated.)
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To: mdittmar

I think this is the same find that the State of CA was trying to claim belonged to it.


21 posted on 05/27/2014 2:57:11 PM PDT by Rusty0604
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To: mdittmar
Experts say paper money was illegal in California until the 1870s....

My how times have changed. Gold was money and fiat currency was outlawed, then.

Now look where we are, after the collusion of the bankers with the politicians in 1913.

22 posted on 05/27/2014 3:07:24 PM PDT by bkopto (Free men are not equal. Equal men are not free.)
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To: 1raider1

I always say in 1963 a quarter would buy a loaf of bread and it still will today. Just like it will buy a gallon of gas. Its hard to believe how much the dollar has been devalued in our lifetime.


23 posted on 05/27/2014 3:11:28 PM PDT by Georgia Girl 2 (The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
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To: Blood of Tyrants

“LOL! I got a silver quarter in change once and thought I had hit the lottery. And to think that within my lifetime you silver quarters, dimes, and half dollars were routine.”

Within my lifetime, that’s all you got!


24 posted on 05/27/2014 3:16:24 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: Blood of Tyrants
And to think that within my lifetime you silver quarters, dimes, and half dollars were routine.

Certainly within mine. I can vividly remember one of my uncles, who was very good at poker, coming to my grandparents' house after a good night with several candy paper bags full of silver half-dollars and silver dollars. (Sometimes he visited them without such riches. You know how poker can go sometimes.)

25 posted on 05/27/2014 3:28:53 PM PDT by OldPossum ("It's" is the contraction of "it" and "is"; think about ITS implications.)
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To: OldPossum

I should add that this occurred in the the mid-50s.


26 posted on 05/27/2014 3:30:37 PM PDT by OldPossum ("It's" is the contraction of "it" and "is"; think about ITS implications.)
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To: Jack Hammer; Lazamataz; deoetdoctrinae; Slump Tester
I stand corrected. Thank you?

So funny!!

And I just want to say thank you to all of you... your few little comments made me smile in memory of my father. He loved words, sentences, punctuation and grammar, and he had an amazing vocabulary that he often used to test and tease us. I will always appreciate how much I learned from him, and hope one day my kids will feel the same way about me. Till then, I just had to say thank you for the smiles tonight, my heart is happy with the memories you stirred!

27 posted on 05/27/2014 5:32:58 PM PDT by GizzyGirl
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To: mdittmar; jiggyboy; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar; ...

Goldbug ping.


28 posted on 05/27/2014 5:36:57 PM PDT by Jet Jaguar (Resist in place.)
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To: Jet Jaguar

29 posted on 05/27/2014 6:14:28 PM PDT by blam
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To: GizzyGirl
We're just a bunch of FRiends, laughing and smiling and having fun.


30 posted on 05/27/2014 6:16:08 PM PDT by deoetdoctrinae (Gun-free zones are playgrounds for felons.)
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