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

Advertising

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Jessica Cisneros

It’s a race that has some Democratic voters scratching their heads: a young, progressive primary challenger versus a pro-life, conservative Democrat who received an A-rating from the NRA. The primary race between one of the most conservative Democrats in the House, Representative Henry Cuellar, and Jessica Cisneros has become a lightning rod within the Democratic Party.

Cuellar declared victory, but as of Wednesday morning, major media outlets have said the race is too close to call. He is just a couple hundred votes ahead of his Cisneros in Texas' 28th Congressional District primary. When neither candidate won a majority in the March 1 primary, the two highest vote-getters faced each other in Tuesday's run-off election.

Keep reading... Show less

School shooting in Uvalde, Texas

Youtube Screenshot

Fox News responded to the school shooting in Uvalde, Texas, by interviewing experts who pushed controversial, counterproductive models to reduce gun violence in schools. One of these experts advocated for introducing more weapons into schools through arming teachers and staff, a policy firmly rejected by teachers unions and researchers. Another called for increased active shooter response trainings-- a service his company provides -- which have also been found to be ineffective at preventing casualties.

As news out of Uvalde was still developing, Fox News’ Jesse Watters invited Laura Carno -- the executive director of FASTER Colorado, which advocates for arming school staff -- on his show, where she compared arming teachers and other school personnel to arming pilots. “We all feel really comfortable with the armed pilot program, where some pilots are armed on some flights,” Carno said. “We don't know which ones, and we feel pretty good about that. It's a very similar kind of thing to armed school staff programs.”

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