FOX 66 News at Ten
LOS ANGELES (AP) - A Northern California couple out walking their dog on
their Gold Country property stumbled across a modern-day bonanza: $10
million in rare, mint-condition gold coins buried in the shadow of an
Nearly all of the 1,427 coins, dating from 1847 to
1894, are in uncirculated, mint condition, said David Hall, co-founder
of Professional Coin Grading Service of Santa Ana, which recently
authenticated them. Although the face value of the gold pieces only adds
up to about $27,000, some of them are so rare that coin experts say
they could fetch nearly $1 million 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," said veteran
numismatist Don Kagin, who is representing the finders. "It's like they
found the pot of gold at the end of the rainbow."
family has been in the rare-coin business for 81 years, would say little
about the couple other than that they are husband and wife, are
middle-aged and have lived for several years on the rural property where
the coins were found. They have no idea who put them there, he said.
pair are choosing to remain anonymous, Kagin said, in part to avoid a
renewed gold rush to their property by modern-day prospectors armed with
They also don't want to be treated any differently, said David McCarthy, chief numismatist for Kagin Inc. of Tiburon.
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.
plan to put most of the coins up for sale through Amazon while holding
onto a few keepsakes. They'll use the money to pay off bills and quietly
donate to local charities, Kagin said.
Before they sell them,
they are loaning some to the American Numismatic Association for its
National Money Show, which opens Thursday in Atlanta.
their find particularly valuable, McCarthy said, is that almost all of
the coins are in near-perfect condition. That means that whoever put
them into the ground likely socked them away as soon as they were put
Because paper money was illegal in California
until the 1870s, he added, it's extremely rare to find any coins from
before that of such high quality.
"It wasn't really until the
1880s that you start seeing coins struck in California that were kept in
real high grades of preservation," he said.
The coins, in $5,
$10 and $20 denominations, were stored more or less in chronological
order, McCarthy said, with the 1840s and 1850s pieces going into one
canister until it was filed, then new coins going into the next one and
the next one after that. The dates and the method indicated that whoever
put them there was using the ground as their personal bank and that
they weren't swooped up all at once in a robbery.
Although most of the coins were minted in San Francisco, one $5 gold piece came from as far away as Georgia.
and McCarthy would say little about the couple's property or its
ownership history, other than it's in a sprawling hilly area of Gold
Country and the coins were found along a path the couple had walked for
years. On the day they found them last spring, the woman had bent over
to examine an old rusty can that erosion had caused to pop slightly out
of the ground.
"Don't be above bending over to check on a rusty can," he said she told him.
are located on a section of the property the couple nicknamed Saddle
Ridge, and Kagin is calling the find the Saddle Ridge Hoard. He believes
it could be the largest such discovery in U.S. history.
the largest previous finds of gold coins was $1 million worth uncovered
by construction workers in Jackson, Tenn., in 1985. More than 400,000
silver dollars were found in the home of a Reno, Nev., man who died in
1974 and were later sold intact for $7.3 million.
Gold coins and
ingots said to be worth as much as $130 million were recovered in the
1980s from the wreck of the SS Central America. But historians knew
roughly where that gold was because the ship went down off the coast of
North Carolina during a hurricane in 1857.
Wednesday, February 26 2014, 09:19 AM EST
National News Headlines
|No indictment for Texas City officer in fatal shooting of armed man during fight near club|
|A Southeast Texas police officer will not face charges in the 2014 fatal shooting of an armed man during a fight outside a bar.|
|US consumer prices up slightly in April; drop in energy costs mutes overall gains|
|U.S. consumer prices were up slightly in April, but overall gains were held back by another decline in energy costs that offset the biggest one-month jump in medical care in eight years.|
|Airplane Etiquette on Busiest Travel Day of the Year|
|Hillary Clinton is on the campaign trail today. She’s in New Hampshire this afternoon.|
She’s facing renewed questions today about the Clinton Foundation and about her emails while Secretary of State.
The Washington Post reporting the Clinton Foundation disclosed more than $26 million in previously undisclosed donations. Rosalind Helderman and Tom Hamburger writing, “The disclosure came as the foundation faced questions over whether it fully complied with a 2008 ethics agreement to reveal its donors and whether any of its funding sources present conflicts of interest for Hillary Rodham Clinton as she begins her presidential campaign.”
An early leak of some of Hillary Clinton’s emails while Secretary of State show concerns over the politics of the Benghazi terror attack and an outsized role played by Clinton confidant Sidney Blumenthal who blamed the terror attacks on an anti-Islam video. He later backed off that claim. Fox News may get access to several hundred of those emails today. News as we get it.
Republicans are gathered for the Southern Republican Leadership Conference in Oklahoma City. Senator Lindsay Graham, New Jersey Governor Chris Christie, Senator Marco Rubio, Louisiana Governor Bobby Jindal, and former FL Governor Jeb Bush are all participating.
Jeb Bush continues to face questions about his brother’s time as President.. trying to walk a fine line between distancing himself from his brother’s unpopular positions, and remaining loyal. Bush saying "I think that in Washington, during my brother's time, Republicans spent too much money. I think he could have used the veto power - he didn't have line-item veto power, but he could have brought budget discipline to Washington, D.C."
|Father charged with poisoning ill 7-year-old daughter with drain cleaner pleads not guilty|
|A Massachusetts man has pleaded not guilty to trying to kill his sick 7-year-old daughter by poisoning her with drain cleaner.|
|Indictments against 6 police officers means prosecution in Freddie Gray case can proceed|
|A grand jury's decision to indict all six officers charged in the death of Freddie Gray, who died of injuries suffered in police custody, allows the state's attorney to press ahead with the most serious charges despite criticism that she was part of an "overzealous prosecution." The indictments announced Thursday were similar to the charges Baltimore State's Attorney Marilyn Mosby announced three weeks ago.|
|5 Simple Strategies for Beating Procrastination Once and for All|
|Being your own boss requires the discipline to start and finish work, even when nobody else cares if you don't.|
|Temple physics department chair charged in alleged scheme to provide US technology to China|
|The chairman of Temple University's physics department sought prestigious appointments in China in exchange for providing data on a device invented by a U.S. firm and offered to make the country a leader in the field of superconductivity, federal prosecutors said.|
|16 Tips for Living a Happy Life Starting Right Now|
|Gratitude, a generous spirit and goals to work toward are the foundation of lifelong happiness. It's all within reach.|
|Prosecutors say Minnesotans who tried to join ISIS threatened FBI agents|
|One Minnesota man accused of trying to travel to Syria to join the Islamic State group told an informant he'd kill FBI agents if they tried to stop him, while another told friends he'd "spit on America" at the U.S.-Mexico border, according to a document filed Thursday by prosecutors.|
|Authorities arrest man wanted in the killings of a wealthy DC family, their housekeeper|
|Authorities have arrested an ex-convict who's accused in the killings of a wealthy Washington family and their housekeeper.|