Skip to content

Northern California couple strikes $11 million in gold

By Catholic Online (NEWS CONSORTIUM)
5/29/2014 (2 years ago)
Catholic Online (www.catholic.org)

Treasure trove of antique coins buried in yard

A northern Californian couple struck gold last year, finding a treasure trove of antique Gold Rush era coins estimated to be worth $11 million dollars.

The $11 million worth of gold coins were found in eight cans, buried in a northern California couple's yard.

The $11 million worth of gold coins were found in eight cans, buried in a northern California couple's yard.

Highlights

By Catholic Online (NEWS CONSORTIUM)
Catholic Online (www.catholic.org)
5/29/2014 (2 years ago)

Published in U.S.

Keywords: News, US


LOS ANGELES, CA (Catholic Online) - One of the coins, an 1874 $20 double eagle, sold for $15,000 at auction at the Old San Francisco Mint, nearly three times its worth.

Give a little luck to somebody with a St. Christopher pendant.

The coins date from 1847 to 1894.

Don Kagin, a numismatist who is handling the sale, says that most of the remaining 1,400 coins had gone on sale on Amazon.com and Kagins.com after the auction. The couple, who wish to remain anonymous to avoid a modern day gold rush to their property, discovered the coins last year, buried on their property, under a tree in eight cans.

Part of the reason these coins are so valuable is due to the rarity. Paper money was illegal in California until the 1870s, so it is hard to find any coins from before then. In addition, the coins are in mint condition; to all appearances as if they were stashed immediately after being minted.

Amongst the treasure trove is a 1866-S No Motto $20 gold piece with a value of more than $1 million. Theories abound as to why and by whom the gold was stashed, including Black Bart and Jesse James, though thus far neither have panned out.

This is the largest such discovery in U. S history, though there have been a few other large coin finds. In 1985, construction workers in Jackson Mississippi found over a million dollars in gold coins; 400,000 silver dollars were found in the home of a Reno, Nevada, man, which were sold for $7.3 million.

The couple plans to keep a few of the coins for themselves and will use the money from the rest to pay off bills and donate to local charities. Money from the May 27 auction will be used to turn the Old Mint into a museum.

---


'Help give every student and teacher Free resources for a world-class moral Catholic education'


Copyright 2017 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for APRIL 2017
Young People.
That young people may respond generously to their vocations and seriously consider offering themselves to God in the priesthood or consecrated life.


Comments


More U.S.

Feast of Divine Mercy: Doubting Thomas and the Wounds that Heal Our Disbelief Watch

Image of Divine Mercy

His doubts healed the wounds of our own disbelief. They also open up -  for all who look with the eyes of faith - a deeper ... continue reading


NYC Catholics accuse Cardinal Dolan for 'playing both sides' as shuttered churches open doors to illegal immigrants Watch

Image of Will shuttered churches be used to house immigrants (WikiWand)?

A group of activists stood outside St. Patrick's Cathedral in Manhattan every Lenten Friday with a large banner reading, "When did we see ... continue reading


Corrupt lab worker is free after costing $50m and destroying 24,000 lives Watch

Image of Annie Dookhan is free following her conviction despite impacting 24,000 lives and costing the state $47 million to date.

Some criminals work for law enforcement. This is the case of "Little Annie," a crooked lab chemist whose personal effort to make herself ... continue reading


Central Americans died to be seen by the Supreme Court - Asylum-seekers continue to be deported Watch

Image of Supreme Court denies hearings for Central American asylum seekers.

A group of women and children from Central America who have been prioritized for deportation lost a legal battle Monday, when the U.S. ... continue reading


An armed Muslim walks into a Christian event, what he does next is TERRIFYING Watch

Image of Muslims have a history of violence towards others, so a heavily armed Muslim man is naturally concerning at a gathering of Christians.

A Muslim man wanted to make a point, and he used Facebook Live and a lot of guns and ammo to do it. And strangely, this man has not been ... continue reading


Never Miss any Updates!

Stay up to date with the latest news, information, and special offers.

Catholic Online Logo

Copyright 2017 Catholic Online. All materials contained on this site, whether written, audible or visual are the exclusive property of Catholic Online and are protected under U.S. and International copyright laws, © Copyright 2017 Catholic Online. Any unauthorized use, without prior written consent of Catholic Online is strictly forbidden and prohibited.