California couple find $10 million fortune in gold coins

gold coins california
One lucky couple found eight cans of buried gold on their property.
Credit: Kagin’s Inc.

Talk about lucky! One California couple stumbled upon a pile of antique gold coins worth $10 million while walking their dog, according to Kagin’s Inc.

The anonymous couple, who live in Northern California, found the mint-condition coins buried near a tree on their property when they noticed an old can sticking out of the ground. They managed to unearth the can and noticed it was very heavy. Upon opening it, they discovered it was filled with gold coins. After the couple returned to the same spot, they found more and more cans. In total, the couple unearthed eight cans filled with more than 1,400 gold coins.

The coins date from 1847 to 1894 and almost all of them are uncirculated. David Hall, co-founder of Professional Coin Grading Service of Santa Ana, confirmed that the coins are authentic. Don Kagin, president of Kagin’s, confirmed to Metro that the face value of the coins is just over $28,000, but some of the rare coins are collectors’ items, like the 1866-S No Motto Double Eagle valued at close to $1 million.

David McCarthy, chief numismatist for Kagin’s, said in a statement, “We all dream about discovering buried treasure; seeing the real thing in person – piles of gold coins encrusted in dirt and rust – the experience was just indescribable. Never in my wildest dreams would I imagine coins coming out of the ground in the kind of condition that I saw in front of me. Many pieces were finer than anything known in major collections or museums.”

The husband and wife pair live on a rural property in California’s Gold Country. They plan to sell the coins through Amazon and keep a few of them; Kagin’s will help them do so in the upcoming months, possibly in May. They want to use the money to pay off bills and donate money to charities in the area. They will also loan some of them to the American Numismatic Association for this year’s National Money Show in Atlanta.

Kagin said of the find, “What’s really significant about this find is that unlike other hoards and treasures, this one includes a great variety of dates, many of which are in pristine condition.”

Follow Andrea Park on Twitter: @andreapark


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