A Californian couple strikes gold after finding $10million of 19th century coins buried on their property.
The lucky unnamed couple in their 40s stumbled across eight cans filled with gold coins on their property last spring. The coins dated from 1847 to 1894 were stashed in the cans along a trail they had walked for years.
The face value of the coins is $27,000 but some of the coins are so rare experts say they could sell for $1 million apiece which would make the whole collection worth over $10 million.
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This is the biggest find of buried treasure in the U.S. which has prompted the couple to keep their location and identity a secret. The Californian coin company Kagin’s Inc who are now representing them refer to them as ‘John and Mary’
‘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, ‘It’s like they found the pot of gold at the end of the rainbow.’
In an interview on the Kagin’s Inc website ‘John’ said “I thought any second an old miner with a mule was going to appear,” at the moment he and ‘Mary’ stumbled upon the coins.
What is interesting is that they walk around their property every day but had never noticed the rusty tin that was slightly protruding from the soil close to a tree until that day. When they eventually noticed it they dug around it and discovered eight tins in total all filled with gold coins.
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Most of the 1,427 coins are rare and perfectly preserved U.S. issued gold coins which date from 1847 to 1894 which might be comparatively young in global terms but was an important time in American history for upheaval and rapid development commonly known as the Wild West days.
Most of the coins were never in circulation and will be sought after by serious coin collectors. The coins were authenticated by David Hall one of the co-founders of the Professional Coin Grading Service company of Santa Ana, California.
The couple are planning to keep some of the coins but will sell the rest on the internet.
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