Gold coins

[moparsr2fast]

Now, if one were to simply cash in a coin or two at various locations,  and never mentioned a word to anyone, would it be possible to not raise governmental intervention.... at least in this instance?

[dual fours]

History, what a great Crystal Ball to look into.

[polywideblock]

we call it eagle eyed hindsight 

[dual fours]

Now, if one were to simply cash in a coin or two at various locations,  and never mentioned a word to anyone, would it be possible to not raise governmental intervention.... at least in this instance?

Two words, GREED & JEALOUSLY

[stripedelete]

The way the article reads, the lawyers are the only ones that know the identity of these people.  Is that right or did I miss something?

Regardless, if Lloyd's of London can claim ownership of treasure sunk in the 17th century, the Feds will certainly try to prove it was from the mint robbery and therefore........

As to the mint robbery, did the finders miss that in their research?   IMO, that robbery makes the case to stay quiet and or melt it down.   And as already mentioned, anyone and everyone related to anyone in the chain of ownership on that property is lawyering up.

This will be fun to watch.

[twodko]

And the only ones who will truly benefit from this, free and clear, are the dirty shysters on all sides.

Help keep our environment clean and healthy......disappear a shyster or politician today. 

[dual fours]

It would be a shame, but most of it would have been melted down and slowly sold off from my hobby, Basement Jewelry Repair.
Looks like the "Saddle Ridge Hoard" is polished and packaged and ready for sale.
Hope they have a "Treasure Hunters License, Permit"?

[Chad L. Magee]

It would be a shame, but most of it would have been melted down and slowly sold off from my hobby, Basement Jewelry Repair.
Looks like the "Saddle Ridge Hoard" is polished and packaged and ready for sale.
Hope they have a "Treasure Hunters License, Permit"?

I noticed that the gold coins had been conserved (ie expertly cleaned) before slabbing.  If you look at the coins in the pictures before removing them from the container, they did pick up rust spots on the exposed areas.  That is something that would not likely just wash off with water.  Gold can stain if stored wrong with metals that oxidize like iron.  I wander how much time was spent to bring them back to near mint luster as shown in the slabs....

I am not slamming the coins, just curious on what was done to them....

[Indygenerallee]

I would have melted those down the instant I dug them up.... I have seen this time and time gain "Hello were from government, please give us our cut" F the government..

[dual fours]

I am not slamming the coins, just curious on what was done to them....

Yes Sir they did a excellent job on the coins.

But on the other side of the coin , should they not have cleaned them ?

[ws23rt]

I am not slamming the coins, just curious on what was done to them....

Yes Sir they did a excellent job on the coins.

But on the other side of the coin , should they not have cleaned them ?

A good question.  I hear about patina as adding value to some things. I also hear that cleaning some things reduces value

The best bet is to research that collector market for the way to go for top value.  Collectors are an odd group and tastes change

[Chad L. Magee]

Yes and no.  Those coins were professionally cleaned by trained people, but at a price.  Right now, they look almost perfect, too perfect to be exact.  The problem with them comes down the line in time when they start to tone (ie. oxidize or rust if you prefer) and develop non-regular patterns in the toning because of the techiques used on them.  Well earned (natural) beautiful toning can actually add value to coins, expecially proof silver ones.  Gold does tone, but it takes a much longer time to do than silver or copper.  Once this shows up as damage, the coins are devalued accordingly (and cannot be fixed easily).  This is a different process than taking agressive pads (sandpaper) to the coin to "shine" them up pretty or hand cleaning them with acids (whizzing) to make them clean.  When that is done to a coin, it almost always reduces the coin's value.  I was guilty of that with a poor grade 1819 large cent that I used to clean with erasers as a kid, just to make it look "new" again....   

[Ram07]

I'm thinking they should have just gone to Pawn Stars, he would have called a buddy in, and offered 'em $50 a coin...

[Mopar Nut]

I'm thinking they should have just gone to Pawn Stars, he would have called a buddy in, and offered 'em $50 a coin...

I would pawn one coin at a time.

If I was to find the gold coins on my property and had to turn them over, I would charge rent, $1,000,000.00 a day.

[69rtse4spd]

Have to prove that these are the coins THAT were stolen, the gov. will somehow prove it. What is the limit on theft cases (how long are they open) 150 years seams a little long to keep a case open. They never should have said a thing, melt them down, screw the tax man.

[Mopar Nut]

Here's one guy's take that the coins might not be from the 1901 heist.

http://www.nbcnews.com/news/us-news/bunch-bullion-dealer-says-gold-coin-hoard-not-heist-n44256

[polywideblock]

hope his right       
but knowing governments it will be up to them to prove that the coins aren't from the robbery not up to the government to prove they are

[Mytur Binsdirti]

hope his right       
but knowing governments it will be up to them to prove that the coins aren't from the robbery not up to the government to prove they are

Try fighting the US government and see how long that takes and how much it costs. 

[polywideblock]

exactly   

and they will try to seize  coins if they get serious  and then make you get them back if you can afford it and don't die while waiting, how long did it take mel fisher 

[4cruzin]

I heard that they decided that the coins are not from the heist and they get to keep them . . . I'm sure Uncle Sam will still get their part!   

[polywideblock]

 that would be good news     tax at the maximum allowable rate       

[Mopar Nut]

I found a cache of gold coins once...but my kids opened them all and ate the chocolate.