Gold Coin Stash May Have Been Stolen from U.S. Mint

… in 1900

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Saddle Ridge Hoard discoverers via Kagin's, Inc. / AP Photo

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.

It may not be “finders, keepers” after all for a Northern California couple who discovered a $10 million gold coin stash on their property last last month while walking their dog. As it turns out, the mint-condition coins may actually be the property of the U.S. Mint.

A recently surfaced news story details a heist of gold coins from the San Francisco Mint in 1900, and the stolen coins have many similarities to the ones discovered last month, the San Francisco Chronicle reports.

(MORE: The Law of Finders Keepers and What Happens When You Find Buried Treasure)

The original face value of the coins was about $27,000 at the turn of the century, according to experts, which is approximate value of the gold stolen in 1900. Furthermore, the coins were mostly in chronological order, suggesting they were unused.

The story was discovered in the Haithi Trust Digital Library by historian and coin collector Jack Trout, who also identified another suspicious piece of evidence linking the newly discovered gold to the 1900 heist: One of the coins in the stash was an 1866 Liberty $20 gold piece.  “I don’t believe that coin ever left The Mint until the robbery,” he says.

[San Francisco Chronicle]

15 comments
KennethBlankenship
KennethBlankenship

if there was no government we wood not be enjoying life as we no it. we wood still be in the stone age. people wood be killing each other because you wood not be in trouble for it. we wood not have all these big cities and states.. we wood not have all the things we in joy in life. I agree with you on them taking them coins from the people that found them. there is a finders keeper law that if you find some thing on your property its yours to keep. for them to take the coins away from them wood not be write. its been well over a hundred years ago that these coins wear taken. there are no person alive that can say that the coins they found wear the ones that was taken. so they need to fight for the coins they found on there land that they own. the treasury department that is trying to take them not the government. I no you wont to blame oboma for that but he as nothing to do with it. I think the people will get to keep it after its all over because the place it got stolen from got there money paid back to them. lets not make this a political statement out of this. I be leave every one thinks they shood be able to keep what they found on there on property.


SunnyO'brien
SunnyO'brien

Simply declare the face value for tax purposes and reject "estimates".  What if this was someone's life savings stashed because banks weren't insured back then? Since there is no record of them being stolen from anyone, from the mint or otherwise, that theory doesn't wash. (even if theoretically it may be true.)

dmccul82
dmccul82

Can the government auction off currency at more than the face value?  If the can, then what stops them from printing some bills with the presidents head upside down to make them a collectors items.  I might be wrong, but I was under the impression that the treasury only put money into circulation and takes it out.  Not hanging on to it in hopes that is becomes a collectors item to make a profit off of.


Also, how can the government prove the coins were stolen with out a serial number?  Or, were some of the coins never circulated and unique enough that no individual should be in possession of them?


Anyway, I don't think the treasury will confiscate them.  Plus, the IRS will get about half of what every the couple sells them for. 

CarlLegg
CarlLegg

Another reason to never boast about one's wealth.

ToddPollard
ToddPollard

Omammy will do any crooked thing to steal from white people. 

Openminded1
Openminded1

Prove it was stolen, the U.S. govt will find a way to keep it from the couple who found it. Detroit needs more money Obama just gives them money using executive power, when the ask for it. wonder if he would do that for  another city that was not 97.5% black.

roknsteve
roknsteve

Nothing has been proved as yet.  And there were no gold coins from 1895 to 1900.  This story is a big stretch.  And I don't care what Jack Trout believes.  

john_rambo
john_rambo

If $30,000.00 was stolen and the couple found $27,000.00 face value coins...that means they didn't find all the cans. Get out those metal detectors and this time keep your mouths shut!

john_rambo
john_rambo

And the" Party Pooper Award" goes to ( envelope please)  "Jack Trout!"

john_rambo
john_rambo

Obama wouldn't think of depriving these good Americans of their new found wealth. "Choke!"

woodinvestments
woodinvestments

@JamesAJohnson A few years from slavery, LOL. In 1865 someone decided that 100% of the population being 40% slaves was MUCH more profitable than 10% of the people being 100% slaves.

acw031
acw031

@ToddPollard Huh? Who on Earth is "Omammy"? You're not making any sense, Todd.

Openminded1
Openminded1

@john_rambo  He most likely will claim it as belonging to the U.S. Govt. he then will give to the city of detroit or the muslim brotherhood for all their good causes like murder .

cjh2nd
cjh2nd

@acw031

makes perfect sense to those of us who have the ability to infer


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