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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
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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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