Couple Strikes Gold After Discovering $10 Million In Rare Coins

Photo Credit: www.morguefile.com

Photo Credit: www.morguefile.com

I don’t think I’ve ever found anything other than some change when I’ve been out walking.

A husband and wife got really lucky when they found $10 million in rare gold coins in February 2013. They were walking their dog on their property in Northern California when they stumbled across something shiny buried in the shadow of a tree, and after doing some digging they uncovered eight metal cans containing over 1,400 coins.

It’s a mystery as to how the mint condition coins got there or who they belonged to, but we do know that nearly all of them are dated from 1847 to 1894, according to David Hall, co-founder of Professional Coin Grading Service of Santa Ana. A lot of them were minted in San Francisco. The face value of the coins only adds up to about $27,000, but some of them are so rare that coin experts have said they could get fetch $10 million or more. They are in $5, $10, and $20 denominations.

The couple (they wish to remain anonymous) plans on selling a lot of the collection. According to Don Kagin, who is assisting the anonymous couple, about 90% of the coins will go up on Amazon.com’s “Collectibles” site. Kagin, “whose family has been in the rare-coin business for 81 years,” said that the husband and wife are middle-aged and have been living on the rural property for several years.

Collectors that want a sneak peak can take a look at some of the coins at the American Numismatic Association’s 2014 National Money Show in Atlanta, which opens tomorrow.

David McCarthy, chief numismatist for Kagin Inc. of Tiburon, said that the couple doesn’t want to be treated any differently.

“Their concern was this would change the way everyone else would look at them, and they’re pretty happy with the lifestyle they have today,” he said.

What a sweet story! Maybe I’ll be lucky enough to find something really cool while I’m out walking one day!

What’s something really cool that you discovered while you were out walking?

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