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
National

PHOTO: New Zealand Heral uses wrong image to…

The New Zealand Herald made a terrible mistake of using the wrong image to illustrate the tragic death of Staff Sergeant Guy Boyland – a New Zealand-born Israeli soldier who…

Local

Katz's Deli wins name battle with Florida cafe

The New York City delicatessen Katz's has won a legal battle to force a Florida restaurant to change its name, according to court documents made public on Monday.

Local

Rethinking the NYC subway map and mass transit…

Max Roberts has never ridden New York City's subway — but he's thought about system's twists and turns more than most daily riders. A 47-year-old…

National

U.S. coastal flooding on the rise, government study…

By Ryan McNeill(Reuters) - Flooding is increasing in frequency along much of the U.S. coast, and the rate of increase is accelerating along the Gulf…

Movies

'Get on Up' producer Mick Jagger on the…

Mick Jagger, a producer on the James Brown biopic "Get on Up," talks about the time had to tell the singer some bad news and his favorite JB record.

Television

'Glee' star Lea Michele to appear on 'Sons…

"Glee" star Lea Michele has been confirmed as a guest star in the final season of "Sons of Anarchy."

Television

TV watch list, Monday, July 28: 'The Bachelorette'…

See Andi Dorfman make her big choice on tonight's 'Bachelorette' finale.

Entertainment

'Kim Kardashian: Hollywood' game easter eggs and cheats

"Kim Kardashian: Hollywood" is the hottest game of the moment. Here are its best easter eggs as well as some tips and tricks to speed your way to the top.

NFL

Computer to Jets: Start Michael Vick over Geno…

Jets general manager John Idzik says the choice of who starts between second-year quarterback Geno Smith and veteran Michael Vick will be a “Jets decision.”

MLB

Yankees looking to trade for Josh Willingham: Report

CBS Sports’ Jon Heyman reported Sunday the Yankees are interested in Twins outfielder Josh Willingham.

MLB

Joe Torre: I'm in Hall of Fame because…

Joe Torre spent 18 years putting together a near Hall of Fame career as a player. But it was the 12 years he spent as…

MLB

Yankees GM Brian Cashman breaks down art of…

The action frequently accelerates as the non-waiver trade deadline approaches, as it will on Thursday.

Food

Zagat releases '30 Under 30' list

Zagat releases a list of the people changing the food and drink industry across the country.

Wellbeing

Fist bump gets respect as clean alternative to…

Though long used to give props, the fist bump is getting some actual respect. The gesture, once dubbed a “terrorist fist jab,” could become the new…

Wellbeing

Fist bump gets respect as clean alternative to…

Though long used to give props, the fist bump is getting some actual respect. The gesture, once dubbed a “terrorist fist jab,” could become the new…

Tech

Amazon offers 3D printing to customize earrings, bobble…

By Deepa SeetharamanSAN FRANCISCO (Reuters) - Amazon.com Inc will offer 3D printing services that allow customers to customize and build earrings, bobble head toys and…