Amazing! Where did it come from?
Calif. Couple Strike $10 Million Gold-Coin Bonanza – ABC News.
A Northern California couple out walking their dog on their property stumbled across a modern-day bonanza: $10 million in rare, mint-condition gold coins buried in the shadow of an old tree.
Nearly all of the 1,427 coins, dating from 1847 to 1894, are in uncirculated, mint condition, said David Hall, co-founder of Professional Coin Grading Service of Santa Ana, which recently authenticated them. Although the face value of the gold pieces only adds up to about $27,000, some of them are so rare that coin experts say they could fetch nearly $1 million apiece.
“I don’t like to say once-in-a-lifetime for anything, but you don’t get an opportunity to handle this kind of material, a treasure like this, ever,” said veteran numismatist Don Kagin, who is representing the finders. “It’s like they found the pot of gold at the end of the rainbow.”
What makes their find particularly valuable, McCarthy said, is that almost all of the coins are in near-perfect condition. That means that whoever put them into the ground likely socked them away as soon as they were put into circulation.
They are remaining anonymous and plan to sell the collection. They also want to keep the site secret, obviously, in order to avoid another Gold Rush!
This is an amazing historical find. I hope we hear more about who could have hidden the stash there. Always be on the lookout, even when just walking the dog.
UPDATE (26-Feb-2014) Did they come from the San Francisco mint?
Tucked into the Aug. 10, 1901 issue, between political and financial notes and the latest obituaries was this little tidbit:
“The sum of $30,000 in gold coin has recently been stolen from the vault of the cashier of the San Francisco Mint. No trace has been found of the missing gold.”