Wednesday 26 February 2014

Couple finds $10million in gold coins

A couple from northern California were walking their dog when they discovered $10million (£6 million) in gold coins.
The unnamed couple found 1,427 rare, mint-condition gold coins buried in the shadow of an old tree on their property in Gold County, NBC News reported.
Almost all of the coins, which date between 1847 and 1894, are in uncirculated, mint condition, said David Hall, co-founder of Professional Coin Grading Service of Santa Ana, who authenticated the hoard.
Although the face value of the gold pieces only adds up to about $27,000 (£16,190), some of them are so rare that coin experts say they could fetch nearly $1 million (£600,000) apiece.
“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,” veteran numismatist Don Kagin, who is representing the couple, told the news network.
“It's like they found the pot of gold at the end of the rainbow.”
One of the six decaying metal canisters filled with 1800s-era U.S. gold coins unearthed in California.One of the six decaying metal canisters filled with 1800s-era U.S. gold coins unearthed in California.
The couple are remaining anonymous in an attempt to avoid a renewed gold rush to their property by modern-day prospectors, he added.
Mr Kagin, whose family has been in the rare-coin business for 81 years, did disclose that the husband and wife were middle-aged and have lived for several years on the rural property where the coins were found, but have no idea who put them there.

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