What's Happening

 

California Couple Uncover $10 Million in Rare Gold Coins!

California Couple Uncover $10 Million in Rare Gold Coins!

Has St. Patrick’s Day come early? It sure seems so for a couple from Northern California that stumbled across $10 million worth of gold coins in tin cans last spring. While out walking their dog, the couple dug up six rusty metal cans with a total of 1,427 gold coins dating from 1847 to 1894. According to the Professional Coin Grading Service of Santa Ana, nearly every coin was in mint condition and had never been circulated.

A veteran numismatist and rep of the couple Don Kagin reported that the average face value of the coins came out to around $27,000, though some of the coins could be worth nearly $1 million apiece based on the rarity and condition. That value makes it one of the largest of such discoveries in U.S. history.



Understandably, this could explain why the couple wants to remain anonymous. They did reveal that they found the coins on a rural property in a hilly area of California’s Gold Country. They have lived on this section of land for years and disclosed the nickname of Saddle Ridge. The couple did not release any more information on the property or its ownership history.

Another reason they want to remain anonymous, Kagin told the Associated Press, is because “their concern was this would change the way everyone else would look at them, and they’re pretty happy with the lifestyle they have today.”

The couple plans to sell the coins on Amazon.com, but not before loaning some of them to the American Numismatic Association for its National Money Show. They also said they’ll use the money to pay off bills, donate to local charities and keep a few of the coins as a souvenir of their hidden treasure.

Though in the past, there have been instances of the U.S. government claiming golden coins found but its citizens. There was a case in 2011 in Pennsylvania that ruled 10 gold coins worth $80 million dollars were the U.S. government’s possession after the U.S. Treasury claimed they were stolen.

A bit of advice from the anonymous wife: “Don’t be above bending over to check on a rusty can.” Duly-noted!

--
Source: Mashable.com + News.com.au

 

More Articles