The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

By Ruben Vives, Los Angeles Times

LOS ANGELES — The California couple who found a buried cache of 19th century gold coins say they will use the proceeds — which experts say could amount to more than $10 million — to hold on to their home.

The couple, identified by the firm representing them only as “John” and “Mary,” made the find during one of their daily walks on their property in California’s gold country. Eight of the rusty cans they dug up were filled with more than 1,400 rare and perfectly preserved U.S. gold coins dating from 1847 to 1894, according to Donald Kagin, president of Kagin’s Inc., a numismatic firm that specializes in U.S. gold coins and represents the couple.

Kagin’s announced the discovery Tuesday.

Kagin said the coins have a face value of more than $28,000 but could sell for more than $10 million.

In an interview with the firm posted online, the couple said they plan to keep some of the coins and sell others on Amazon.com and use the money to hold on to their home. They did not explain further.

“Whatever answers you seek, they might be right at home,” Mary said. “The answer to our difficulties was right there under our feet for years.”

“Don’t be above bending over to check on a rusty can,” she added.

The couple also said they intend to donate part of the proceeds to charity.

Rare coin experts say it is the greatest buried treasure ever unearthed in the United States.

The previous largest reported find of buried gold treasure in the U.S. had a face value of $4,500. It was discovered by construction workers in 1985 in Jackson, Tenn., and eventually sold for around $1 million.

The coins found by John and Mary were authenticated, graded and certified by Professional Coin Grading Service in Irvine, Kagin said.

A sampling of the collection will be displayed at Kagin’s booth during the American Numismatic Association National Money Show in Atlanta that will run Thursday through Saturday.

Photo: Mykl Roventine via Flickr

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox.

North Carolina state representative Mike Clampitt swore an oath to uphold the Constitution after his election in 2016 and again in 2020. But there's another pledge that Clampitt said he's upholding: to the Oath Keepers, a right-wing militant organization.

Keep reading... Show less

Reprinted with permission from DailyKos

When Donald Trump rolled out his brand new social media platform for deplorables, TRUTH Media, the clock started ticking on how soon it would crash and burn like Parler, Gab and other deplorable alternatives to Twitter.

Keep reading... Show less
x
{{ post.roar_specific_data.api_data.analytics }}