Couple Finds $10 Million Worth of Gold Coins
A couple from Northern California, US, dug up rusty tin cans with 1,427 gold coins, dating from 1847 to 1894.
Mashable reports that nearly every coin was in mint condition and has never been circulated, according to the Professional Coin Grading Service of Santa Ana, which recently authenticated the coins.
Though the face value of the coins came out to around $27,000, rare coin experts like Don Kagin, a veteran numismatist and representative of the couple, told the AP that some of the coins could fetch nearly $1 million apiece making it one of the largest such discoveries in U.S. history.
The middle-aged husband and wife who choose to remain anonymous found the coins on a rural property in a hilly area of California's Gold Country that they have lived on for years, but they haven't released any information about the property or its ownership history. They have simply said that they live on a section of the property they have nicknamed Saddle Ridge.
There have been instances of the U.S. government claiming golden coins found by citizens. In 2011, a judge in the Eastern District Court of Pennsylvania ruled that 10 gold coins worth $80 million dollars belonged to the U.S. government after the U.S. Treasury seized the coins from a family in Pennsylvania, claiming the coins were stolen. It remains to be seen if the coins the anonymous couple found were also stolen.
Mashable reports that nearly every coin was in mint condition and has never been circulated, according to the Professional Coin Grading Service of Santa Ana, which recently authenticated the coins.
Though the face value of the coins came out to around $27,000, rare coin experts like Don Kagin, a veteran numismatist and representative of the couple, told the AP that some of the coins could fetch nearly $1 million apiece making it one of the largest such discoveries in U.S. history.
The middle-aged husband and wife who choose to remain anonymous found the coins on a rural property in a hilly area of California's Gold Country that they have lived on for years, but they haven't released any information about the property or its ownership history. They have simply said that they live on a section of the property they have nicknamed Saddle Ridge.
There have been instances of the U.S. government claiming golden coins found by citizens. In 2011, a judge in the Eastern District Court of Pennsylvania ruled that 10 gold coins worth $80 million dollars belonged to the U.S. government after the U.S. Treasury seized the coins from a family in Pennsylvania, claiming the coins were stolen. It remains to be seen if the coins the anonymous couple found were also stolen.
Couple Finds $10 Million Worth of Gold Coins
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Reviewed by Msl
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