ᴄᴀʟɪғᴏʀɴɪᴀ ᴄᴏᴜᴘʟᴇ ғɪɴᴅs $𝟷𝟶ᴍ ɪɴ ɢᴏʟᴅ ᴄᴏɪɴs ʙᴜʀɪᴇᴅ ɪɴ ʏᴀʀᴅ
Nearly all of the more than 1,400 coins, dating from 1847 to 1894, are in uncirculated, mint condition.
Northern California couple out walking their dog on their Gold Country 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.”
“It was like finding a hot potato,” the couple told coin expert Don Kagin 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.
The coins are mostly uncirculated and in mint condition, and they add up in face value to $27,000. “Those two facts are a match of the gold heist in 1900 from the San Francisco Mint,” the newspaper reported.
Jack Trout told the paper that an 1866 Liberty $20 gold piece without the words “In God We Trust” was part of the buried stash, and the coin may fetch over $1 million at auction because it’s so rare.
Kagin, whose family has been in the rare-coin business for 81 years, would say little about the couple other than that they are husband and wife, are middle-aged and have lived for several years on the rural property where the coins were found.
They have no idea who put them there, he said.
The pair are choosing to remain anonymous, Kagin said, in part to avoid a renewed gold rush to their property by modern-day prospectors armed with metal detectors.
This image provided by the Saddle Ridge Hoard discoverers via Kagin’s, Inc., shows one of the six decaying metal canisters filled with 1800s-era U.S. gold coins unearthed in California by two people who want to remain anonymous