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



News
Entertainment
Sports
Lifestyle
News

Turkey: Voting begins in country's first direct presidential…

Some 53 million people are able to vote in the election, including 2.8 million citizens abroad. Until now, Turkish presidents were elected by parliament.

News

Libya seeks ceasefire as south Tripoli a militia…

By Patrick Markey and Aziz El YaakoubiTRIPOLI (Reuters) - Black plumes of smoke marked shell blasts and bulldozed earthen barricades mapped out the frontlines around…

Breaking: News

Russia mad about sanctions, says U.S. contributing to…

Russia reacted angrily on Saturday to additional sanctions imposed by the European Union over Moscow's role in the Ukraine crisis, saying they would hamper cooperation…

National

Mutant worms stay sober, even on alcohol

U.S. researchers have developed "mutant worms" that do not get drunk by alcohol, a breakthrough that could lead to new treatment for people trying to quit drinking

Television

'Game of Thrones' livens up Comic Con with…

By Piya Sinha-RoySAN DIEGO (Reuters) - Laughter and death did battle on Friday at HBO's "Game of Thrones" panel at Comic Con, one of the…

Movies

Review: Brett Ratner's big 'Hercules' movie is small…

The latest "Hercules," starring Dwayne Johnson as the half-god beefcake of Greek myth, strips its hero and tale of most of its fantastical elements.

Arts

Scientists recreate world's smallest Monet copy

Scientists have reproduced a famous Impressionist painting using nano-printing, to create what has been described as the world's smallest work of art. Reworked at the…

Television

Jerry Seinfeld is ambidextrous, and other Reddit AMA…

See some of the weirder highlights of Jerry Seinfeld's recent Reddit AMA.

U.S. Soccer

Orlando City takes shot at NYCFC over Frank…

Orlando City reminded the world how big a signing Brazilian star Kaka earlier this month with a photo of Kaka mobbed by fans juxtaposed against Lampard.

NBA

Jeremy Lin says 'Linsanity' is over as he…

Jeremy Lin lit up the NBA two years ago with his play for the Knicks but he has no desire to recreate "Linsanity" in his new career with the Lakers.

NFL

2014 NFL Fantasy Football Top 100 overall player…

2014 NFL Fantasy Football Top 100 overall player rankings

U.S. Soccer

NYCFC announce signing of Frank Lampard

The tease of a big signing Thursday by new MLS side NYCFC ended up being one rumored for weeks. England midfielder Frank Lampard agreed to…

Tech

Forget Wi-Fi: Li-Fi could be the future

Li-Fi technology – developed by Mexican company Sisoft – is wireless internet connectivity using specialized LED light.

Tech

Weather app Climendo might be the most accurate…

The wait for a truly accurate weather forecast could finally be over thanks to a nifty new app called Climendo.

Tech

Napkin Table puts focus off the phone and…

Michael Jan, a design student at Tunghai University in Taiwan, has invented a serviette-picnic blanket hybrid called the Napkin Table.

Style

Essie's new Color Boutique

Essie launches high-tech kiosks at major airports and malls across the country.