The couple was out taking their dog for a walk when
they stumbled upon a hoard of gold coins dating back
to the 1800s.
A Northern California couple was out walking their dog
on their property when they found
$10 million dollars in gold coins
buried beneath an oak tree.
Nearly all of the 1,427 coins are in mint condition.
AP Photo/Saddle Ridge
All of the coins date from 1847 to 1894 and are uncirculated, according to David hall(pictured),
co-founder of Professional Coin Grading Service of Santa Ana, who 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
Don Kagin, a professional numismatist
(someone who studies currency).
The couple that found the coins is trying to keep their anonymity.
They plan to sell most of the gold on Amazon and use the
money to pay off bills and quietly donate to area charities.
According to Kagin, who represents the couple, another reason they’re keeping their anonymity is to avoid a renewed gold rush to their property by modern-day prospectors armed with metal detectors. “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.
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