Gold coin hoard

[www.foxnews.com] What a find!!!

What a lucky day, still stuff in the ground, just gotta dig it.

That's one astonishing story and find!!!!!!!!!!!!!!!!!!!!!

My usual reaction to such stories is how foolish people are by bringing this type of news out in the open but I honestly don't know how you would approach dispensing of such a fortune without Uncle Sam getting his mitts on a substantial amount of it. Maybe you could get an uber wealthy sheik or Chinese businessman to cash you out but how do you spend those kind of dollars without attracting attention.
What's worse is they didn't even need a detector.



Edited 1 time(s). Last edit at 02/25/2014 10:44PM by shoveler.

My thoughts also.

They were in metal containers.

shoveler Wrote:
-------------------------------------------------------
> What's worse is they didn't even need a detector.

Hahaha, kinda like going to the casino and dumping a few hundred in the slot machine & getting skunked. Then, you get up to leave, and some little old granny comes over & puts a crumpled up $1 bill in the machine...and hits the jackpot! Lol.

More power to these people, but, as others have said, this should've NEVER gotten out there. I'd simply sell a piece or two once I found it, use that dough for retirement, college funds, etc., then, just sit on the rest...forever...without telling a soul

Joe

Seen this on NBC website this morning.

Fantastic find for sure!

I'm with Joe on this one - I wouldn't tell a soul if I found anything even close to a hoard like that!

Makes you wonder where they really found them...

Nice to find treasure on your own property. LOL!!

Keith

My......dear......Lord......

A million apiece for each one.....

Aaron Wrote:
-------------------------------------------------------
> My......dear......Lord......
>
> A million apiece for each one.....

For "some" of the pieces Aaron - not all of em ;-)

I'd like to know WHICH ones though - they've gotta be California minted pieces so rare and so unc. that there's only a few known of that type/cond.

That's certainly a hugely impressive find. The finder states he used a detector to locate the final tin.

Here's some details of the better coins:
[www.kaginsinc.com]
[www.kaginsinc.com]
[www.money.org]



Edited 2 time(s). Last edit at 02/26/2014 01:03AM by Pimento.

Probably some minted in Carson City

Man I'd still love to hunt on that property, probably some nice relics layin around too.

Thanks for sharing Pamento.

Aaron



Edited 1 time(s). Last edit at 02/26/2014 01:16AM by Aaron.

I'm with Keith. They used a stick to find the first can? Erosion?? Not buying it.

But makes one wonder how many ARE silent about their finds! I'm sure back then most of the time there was one person who knew the hiding place. If something happened to them it's still in the ground!

Steve

I heard about this on the way home from work tonight...CRAZY!! Wonder how close they are to me?? And Im with you guys, I would have kept my trap shut!! What the article didnt say,but the radio reported they dont trust banks and have reburied the coins!

According to link provided above by Pimento , they reburied the coins while waiting to contact the coin expert. Sounds like they should be showing up for sale soon and I hope the Saddle Ridge hoard sets new records for sales at auction--or wherever.
The only hint as to location that I've heard was from Brian Williams on the " NBC national news feed" , better known as the Obama Propaganda Machine. According to BW they live "within 50 miles of where gold was first discovered". For what it's worth......................



Edited 1 time(s). Last edit at 02/26/2014 03:02AM by shoveler.

According to the article that can had been sticking out of the ground next to their walking path for years and one day they decided to go over and check it out....

"Hey Mary its crazy, this rusted out cans filled with old GOLD coins!"



Edited 1 time(s). Last edit at 02/26/2014 03:32AM by Aaron.

hey shovelor,I live within 50 miles from Coloma too...hmm, have to see whos driving a new Bentley,lol.

That is simply an AMAZING discovery...mind-blowing. 1400 coins, if all $20 double eagles, would have been worht $28,000 in face value at that time -- an AMAZING sum of money; makes me think it was a stolen shipment of coinage, or something. Who knows. One thing that is odd...I have seen it implied that these were all $20 double eagles, but that one "1 million dollar" coin, shown graded in its "slab," in that first link provided by Pimento, shows it as a $10 eagle coin, not a $20 double eagle as the article refers to it as...

Anyway, not sure what's going on, but AMAZING!

Steve

steveg Wrote:
-------------------------------------------------------
> That is simply an AMAZING
> discovery...mind-blowing. 1400 coins, if all $20
> double eagles, would have been worht $28,000 in
> face value at that time -- an AMAZING sum of
> money; makes me think it was a stolen shipment of
> coinage, or something. Who knows. One thing that
> is odd...I have seen it implied that these were
> all $20 double eagles, but that one "1 million
> dollar" coin, shown graded in its "slab," in that
> first link provided by Pimento, shows it as a $10
> eagle coin, not a $20 double eagle as the article
> refers to it as...
>
> Anyway, not sure what's going on, but AMAZING!
>
> Steve

The article states - $5 $10 and $20 pieces all separated by denominations and decades minted

Keith, that's where I would have found it...on my own property.Ha ha.

That hoard probably would have been an overload signal that close to the surface.....would you have passed it by?...maybe.

[www.foxnews.com]

Loose lips Sink Ship's...

Keith

Yep,Obama gets too play alot of golf,lol. Should know better,but then again,without them coming forward,we wouldnt be talking/dreaming about it. Makes you wonder how many caches have been found that folks kept quite about!! Ray

Someone said "The world would be surprised if they knew just how much is actually "deliberately" buried."

Yep.

Recovered 1411 gold coins ... gotta be a lot more out there (I'd estimate another 860,000 gold coins left to find)

Get busy.

"The Northern California couple that found $10 million worth of rare, mint-condition gold coins buried in the shadow of an old tree on their property will likely owe about half the find's value whether they sell the gold or not."

"....whether they sell it or not."

So even if they decided, "lets keep for our kids and grand kids..." The IRS would bust down their front door w machine guns and take the gold anyway, real constitutional, nice government.

Yes you got that right Keith. Makes you think how they would have fared if they discreetly slabbed them a few at a time.

Thanks

Aaron

Hey Ray ......Alot of caches are uncovered that are kept quite I am most certain...What the ratio??????

I myself personally have seen not one, But two separate times jars of Silver unearthed by Bulldozers on construction site's...

One was so huge a find that the original landowner wanted it ( Land been in his family for 140 years).. the current owner wanted it and the bulldozer operator wanted it ..it actually got tied up in court for awhile...finally going to the current owner solely...Probably helped the current owner was the County ...

Rememebr the guy with the Garett video finding all the old Pre Civil War Silver in the River...Very lucky he is not to be approached with some sort of State Waterway rights law...

It great to see it and hear about it..but what is heard is just the tip of the Ice Berg....

Who tells everything they Find????

Keith

I bet as we speak, bureaucrats on the state and federal level are in dark, forgotten corners of records archives, searching through boxes of old newspapers, police reports, searching microfishe copies of newspapers, etc. They are in a desperate hunt for something, anything that can tie these to a theft or loss of government property so these coins can be seized.

Probably digging through the background of the family going back several generations too, in hopes of pinning them with some kind of tax fraud or theft involving these.

Honestly surprises me that the federal government hasn't made finding money or valuables and not turning it in a crime.
Given that 99% of the left and about 70% of the right believe that all wealth belongs to the government and it is up to them how much you get to keep.

I think I found part of one once...About 11 years ago,the city of Stockton tore down an old house in the ghetto. At this time,I knew nothing about iron masking. Me and couple friends hit the lot. Me using a Sovereign with 12 inch sunray(lol) other guys using explorers with stock coil. I found a Morgan. Next week we hit it again, and my buddy Tom found a Morgan, same date! We became known as the morgan twins,haha. That same day I found a big Japanese coin....then my friend Dan found 7 more. Wish I would of used a more apropiate machine( I had a Tesoro) and knew what Ive learned on this forum about hunting in iron. Ray

I used to be a pretty regular blackjack player. In most casinos, tables game winnings are only taxed on anything over $10,000. For example, if you won $12,000, and wanted to cash in your chips, you'd go to the cashiers cage, and they'd then tax that $12,000 at the appropriate rate. However, only a fool would do it this way. Instead, you take a small batch of chips up to be cashed in every hour or so...thereby skirting any taxes. What's the point of all this? Simple...

The owners of that cache should've just kept their damn mouths shut, and sold off a few coins here & there throughout the years, to avoid the hell they're gonna now be met with. Apparently, these folks never heard the saying; "there's more than one way to skin a cat".

Joe

If you read the article Keith posted...... half-way down.... it states:

""" Because paper money was illegal in California until the 1870s, he added, it's extremely rare to find any coins from before that of such high quality.

"It wasn't really until the 1880s that you start seeing coins struck in California that were kept in real high grades of preservation," he said. """

What does the (above) quote mean to us detectorists???!!!!!!

steveg ??? And steveg.....can you post exactly this in our on-going gold coin thread!!!?

Absolutely amazing.

So, if paper money wasn't in use before the 1870's in Cali, that mean that gold coins might be quite common in the ground, of course.
They call them "California Quarters"

Where did people put their wealth of gold if there was no paper? Banks? Next to trees of course....

Albert