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California Couple Finds $10M Buried Treasure in Back Yard
Yahoo ^ | 25 Feb 2014 | Dina Abou Salem

Posted on 02/25/2014 7:26:13 PM PST by shove_it

A California couple spotted the edge of an old can on a path they had hiked many times before. Poking at the can was the first step in uncovering a buried treasure of rare coins estimated to be worth $10 million. "It was like finding a hot potato," the couple told coin expert Dr. Don Kagan from Kagin's, Inc. The couple hired the president of Kagin's, Inc. and Holabird-Kagin Americana, a western Americana dealer and auctioneer, to represent them.

"Since 1981, people have been coming to us with one or two coins they find worth a few thousand dollars, but this is the first time we get someone with a whole cache of buried coins… It is a million to one chance, even harder than winning the lottery," Kagan told ABCNews.com. The couple is trying to remain anonymous after finding the five cans of coins last spring on their Tiburon property in northern California and conducted an interview with Kagin...

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


TOPICS: Culture/Society; News/Current Events; US: California
KEYWORDS: 1dontsearch; afterthegoldrush; california; coin; coins; donate; gold; goldbugs; goldcoins; numismatics; oldnews; treasure

1 posted on 02/25/2014 7:26:13 PM PST by shove_it
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To: shove_it; SunkenCiv

Cha Ching!


2 posted on 02/25/2014 7:27:30 PM PST by shove_it (long ago Orwell and Rand warned us of Obama’s America)
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To: shove_it
But it's California....


3 posted on 02/25/2014 7:30:34 PM PST by GrandJediMasterYoda (Hitlery: Incarnation of evil.)
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To: shove_it

4 posted on 02/25/2014 7:30:48 PM PST by 2ndDivisionVet (I will raise $2M for Sarah Palin's next run, what will you do?)
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To: shove_it
The title needs to be amended:

California Couple Finds $10M Buried Treasure in Back Yard

The Marxists running California find another $10M to bribe voters with.

Fixed.

5 posted on 02/25/2014 7:33:27 PM PST by GrandJediMasterYoda (Hitlery: Incarnation of evil.)
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To: GrandJediMasterYoda
But it's California....

They're going to donate most of the proceeds to charity.

6 posted on 02/25/2014 7:34:43 PM PST by Carry_Okie (Islam offers us three choices: Defeat them utterly, die, or surrender to a life of slavery.)
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To: shove_it

Hogwash. They have a time machine and went back in time and hid them there.


7 posted on 02/25/2014 7:36:04 PM PST by Blood of Tyrants (Haven't you lost enough freedoms? Support an end to the WOD now.)
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To: Carry_Okie

>> They’re going to donate most of the proceeds to charity. <<

Both from a philanthropic viewpoint and from a tax viewpoint, they’d do better to donate the coins directly to various tax-exempt charities, rather than sell the coins and then donate the proceeds.


8 posted on 02/25/2014 7:40:27 PM PST by Hawthorn
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To: shove_it

You just Know that theIRS will want 60+% of it.


9 posted on 02/25/2014 7:46:01 PM PST by SandRat (Duty - Honor - Country! What else needs said?)
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To: Hawthorn

The couple also wisely claims they found the coins on their own property.


10 posted on 02/25/2014 7:46:01 PM PST by shove_it (long ago Orwell and Rand warned us of Obama’s America)
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To: shove_it; AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

The Smiler left it there, did time, then slipped out the bathroom window trying to lose the tail the cops had on him. If he hadn’t gone sailing right out there and kicked the bucket, he’d have dug it up decades ago.


11 posted on 02/25/2014 7:47:51 PM PST by SunkenCiv (http://www.freerepublic.com/~mestamachine/)
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To: shove_it

I ain’t buying this story


12 posted on 02/25/2014 7:48:06 PM PST by yldstrk (My heroes have always been cowboys)
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To: yldstrk

It’s their story and they’re stickin’ to it. Sounds good to me.


13 posted on 02/25/2014 7:50:14 PM PST by shove_it (long ago Orwell and Rand warned us of Obama’s America)
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To: Carry_Okie

Only 30% of this “income” is tax deductible, when given to charity.

Better plan on selling it over a few years.


14 posted on 02/25/2014 7:50:33 PM PST by G Larry
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To: yldstrk

Same here.


15 posted on 02/25/2014 7:56:44 PM PST by warsaw44
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To: shove_it

Why do people put themselves at risk by going public with new found wealth.

Shut up, move to Wyoming and sell from there, once you’ve establish residence.

THAT move saves $1 Million in Cali taxes.

Is there a law that says you have to declare which dirt you found it in?

Their identity will be found out in less than a month, and anyone whose related to anyone who’s owned that land since the Civil War, will be laying claim to it.


16 posted on 02/25/2014 7:57:45 PM PST by G Larry
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To: shove_it

Back in the 80s I bought a $400 White’s metal detector thinking I would find a lot of treasure.

I guess I was not very good at it. I found a few coins, mostly recent ones and a pocket knife. That pocket knife was probably the best thing I ever found with it.

It was probably most useful for finding things I had lost in the grass. For instance I once lost the key to the wheel of my lawn tractor.


17 posted on 02/25/2014 7:57:49 PM PST by yarddog (Romans 8: verses 38 and 39. "For I am persuaded".)
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To: shove_it

It was under a big W.


18 posted on 02/25/2014 8:03:55 PM PST by conservativeimage.com (I Won't Go Underground http://www.youtube.com/watch?v=Wema3CNqzvg)
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Another liberal couple who say they want to ‘give back’ to the community and to ‘overlooked causes’ like the arts.


19 posted on 02/25/2014 8:04:41 PM PST by AlmaKing
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To: shove_it

I would have first established residence ouside California and then quietly started to sell the coins.


20 posted on 02/25/2014 8:05:59 PM PST by Iron Munro (Eight died on that bridge at Concord, back in 1775. How many will it take this time?)
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To: yarddog

You need to get over here to the Treasure Coast beaches with your metal detector after winter nor’easter. Those winter storms churn up the treasure shipwrecks from the 1715 fleet and the silver & gold coins wash ashore.


21 posted on 02/25/2014 8:11:54 PM PST by shove_it (long ago Orwell and Rand warned us of Obama’s America)
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To: G Larry
Is there a law that says you have to declare which dirt you found it in?

It shuts out claims from neighbors.

22 posted on 02/25/2014 8:17:31 PM PST by shove_it (long ago Orwell and Rand warned us of Obama’s America)
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To: Hawthorn

It doesn’t say they are donating most of the money. It says the plan is to sell the coins and pay off bills and donate to some charities.


23 posted on 02/25/2014 8:22:27 PM PST by conservative98
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To: shove_it

I worked with a guy who was a real pro. He had found quite a bit of minor treasure such as old coins, rings etc.

I think he had found nearly a dozen class rings and had found the original owner every time. They typically have the owner’s initials on them, class year and what high school.


24 posted on 02/25/2014 8:40:57 PM PST by yarddog (Romans 8: verses 38 and 39. "For I am persuaded".)
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To: conservativeimage.com
"W"
"it's a mad, mad, mad world! "

25 posted on 02/25/2014 8:44:07 PM PST by skinkinthegrass (The end move in politics is always to pick up a gun..0'Caligula / 0'Reid / 0'Pelosi)
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To: G Larry
... anyone whose related to anyone who’s owned that land since the Civil War, will be laying claim to it.

They better have more assets to hire lawyers than this couple possesses.

26 posted on 02/25/2014 9:00:10 PM PST by shove_it (long ago Orwell and Rand warned us of Obama’s America)
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To: skinkinthegrass

27 posted on 02/25/2014 9:02:43 PM PST by mountn man (The Pleasure You Get From Life Is Equal To The Attitude You Put Into It)
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To: skinkinthegrass

[”it’s a mad, mad, mad world! “]

My favorite movie of all time.


28 posted on 02/25/2014 9:58:21 PM PST by Islander2
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To: shove_it

If they found the stash in Tiburon they’re already rich. I’d love to know the history of those coins though.


29 posted on 02/25/2014 9:59:33 PM PST by tinamina
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To: tinamina
If they found the stash in Tiburon they’re already rich. I’d love to know the history of those coins though.

According to the article:

"I saw an old can sticking out of the ground on a trail that we had walked almost every day for many, many years. I was looking down in the right spot and saw the side of the can. I bent over to scrape some moss off and noticed that it had both ends on it," they said.

It was the first of five cans to be unearthed, each packed with gold coins.

"Nearly all of the 1,427 coins, dating from 1847 to 1894, are in uncirculated, mint condition," said Kagan told ABCNews.com.

Let me speculate wildly and say some old coot in 1933 buried those gold coins instead of complying with Roosevelt's Executive Order 6102 that forced Americans to turn in their gold for paper Dollars.


30 posted on 02/26/2014 3:47:03 AM PST by Yo-Yo (Is the /sarc tag really necessary?)
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To: Yo-Yo

Let me speculate wildly and say some old coot in 1933 buried those gold coins instead of complying with Roosevelt’s Executive Order 6102 that forced Americans to turn in their gold for paper Dollars.


The best speculation was that these were buried over a period, as saved, soon after minted. By 1933, coins of these dates and in this condition would have been improbably rare.


31 posted on 02/26/2014 5:16:42 AM PST by Atlas Sneezed ("Income Inequality?" Let's start with Washington DC vs. the rest of the nation!)
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To: Atlas Sneezed
The best speculation was that these were buried over a period, as saved, soon after minted. By 1933, coins of these dates and in this condition would have been improbably rare

Then option B would be bank robbery proceeds. Since the dates range from 1847 to 1894, and there were 5 cans found, most likely they were buried at the same time, not over the course of almost 50 years.

32 posted on 02/26/2014 5:33:40 AM PST by Yo-Yo (Is the /sarc tag really necessary?)
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To: Yo-Yo

Then option B would be bank robbery proceeds. Since the dates range from 1847 to 1894, and there were 5 cans found, most likely they were buried at the same time, not over the course of almost 50 years.


The experts disagree, saying a lump burial (such as robbery booty) would have the older coins circulated, and not in new condition. This stash was accumulated over time, in sequence.


33 posted on 02/26/2014 7:06:48 AM PST by Atlas Sneezed ("Income Inequality?" Let's start with Washington DC vs. the rest of the nation!)
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To: Atlas Sneezed
The experts disagree, saying a lump burial (such as robbery booty) would have the older coins circulated, and not in new condition. This stash was accumulated over time, in sequence.

I stand corrected. From another article:

The coins, in $5, $10 and $20 denominations, were stored more or less in chronological order in six cans, McCarthy said, with the 1840s and 1850s pieces going into one can until it was filed, then new coins going into the next one and the next one after that. The dates and the method indicated that whoever put them there was using the ground as their personal bank and that they weren’t swooped up all at once in a robbery.

34 posted on 02/26/2014 7:18:55 AM PST by Yo-Yo (Is the /sarc tag really necessary?)
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