Gold coins

[XH29N0G]

It isn't someone on here who found the cache of gold coins in California, is it?

http://www.latimes.com/local/lanow/la-me-ln-gold-coins-california-backyard-20140225,0,2401817.story#axzz2uQisgTIM

I wonder if they will use the funds to fix up their car?  

Also some of the oldest tin cans, I imagine.

[stripedelete]

I hope to hell there were actually 8-10 cans.   

[twodko]

Yes it is. The lucky slugger is our own 68X426! Great for him and great for the membership here. Now all of us can get the parts we need for our cars because we know Dan will take care of us. 

[polywideblock]

if strange things start happening , put the money back the leprechauns are pissed     seriously what a piece of good fortune 

[Mopar Nut]

if strange things start happening , put the money back the leprechauns are pissed     seriously what a piece of good fortune 

Have you heard about the 12lb chunk of gold found in Australia two years ago.

[twodko]

Wow, I'd love to see that......I'll google it.

[twodko]

It's freakin' huge.

[Mopar Nut]

Holy moly.

[69rtse4spd]

Good for them, but will have somebody try & say that there relatives owned the land before & want some of it, or the state will screw them out of some of it.  .

[stripedelete]

Good for them, but will have somebody try & say that there relatives owned the land before & want some of it, or the state will screw them out of some of it.  .

EXACTLY!

[twodko]

Good 'ol litigious Kalicommia.

[Chad L. Magee]

Cool!  I think they were intentionally left by someone who did not trust banks back in the turn of the last century.  I have found small hoards of wheat and indian cents like that, but never gold coins.  Congrats to the finder, that was a lifetime+ find....

[F8-4life]

Good for them, but will have somebody try & say that there relatives owned the land before & want some of it, or the state will screw them out of some of it.  .

I saw this on my local news, they should not have told anyone about it.
Especially not the whole catch, maybe sell it off little by little to avoid the above.
Also you have to wonder, whether they found it on their property actually or "found" it on there property.

[John_Kunkel]

The government has already decided that the finders will owe the maximum capital gains tax on the appraised value of the gold.

If they wanted to remain anonymous why the hell did they tell everybody of their find? Dumb, dumb. 

[polywideblock]

could these have been someone's collection that they buried instead of surrendering back in the great depression when your Gov. decided the general public was a good cash cow   

[Chad L. Magee]

Yes, it could, but I would expect some St. Gaudiens $20s in there as well if that was the case.  The gold recall order of 1933 had a provision that allowed certain collector gold coins to be kept.  I am thinking that this was a hoard from either 1900 or slightly before due to the dates on the coins in the hoard.  Even if you piecemealed them out for sale one at a time, you would still be found out by the government eventually.  Remeber the song: Taxman by the Beatles as it often comes true....

[twodko]

Mr. Magee,

Do think selling such items abroad would still incur the greed of the IRS?

[Chad L. Magee]

Actually it is Dr. Magee, as I have a PhD in chemistry.  Yes, the IRS can find out if you sold them outside the country and they will come a knocking if you don't pay them their cut if you are a citizen of the USA.  Of course, you could change your citizenship to stop that, but they will still find out one way or the other.  At that stage, it becomes a different form of evasion.  (It is hard to sell that amount of rare coins without news of it traveling the rare coin market, unless you want to sell them for scrap gold value only after melting them down.  That would be a few million $ difference in value, more than the amount that would be owed to the IRS.)  One of my former uncles (I no longer claim him) was an IRS tax auditor, so I know how far they will go to get their $$$....

[twodko]

 

Thank you, I suspected as much.

[Mopar Nut]

May have come from coins stolen from SF Mint in 1901. This could really muddy up things!!


http://www.ibtimes.co.uk/saddle-ridge-hoard-were-calfornian-gold-coins-stolen-buried-by-walter-dimmick-1901-1438113

http://www.dailymail.co.uk/news/article-2568952/Could-newly-discovered-gold-coins-haul-stolen-disgraced-San-Francisco-Mint-employee-1901-Treasure-hunting-enthusiasts-weigh-origins-couples-10-million-find.html

http://www.coloradonewsday.com/national/44794-could-newly-discovered-gold-coins-be-the-haul-stolen-by-disgraced-san-francisco-mint-employee-in-1901-treasure-hunting-enthusiasts-weigh-in-on-origins-of-couple-s-10-million-find.html

[polywideblock]

love the way as soon as someone finds something worth having the government starts looking for ways to take it off them   

hope it doesn't but this could go down the same road as the atocha  treasure that they confiscated and mel fisher had to fight for years to get back

[Mopar Nut]

love the way as soon as someone finds something worth having the government starts looking for ways to take it off them    

hope it doesn't but this could go down the same road as the atocha  treasure that they confiscated and mel fisher had to fight for years to get back

There was a treasure hunting team that found eight hundred million worth in coins 300 miles off the coast of Spain in 2007 or so. Spain stole it from South America back in the 1500's and claimed that it belonged to them. After years in court, Spain won.
 http://www.businessweek.com/articles/2012-06-07/odyssey-and-the-lost-spanish-treasure

[polywideblock]

watched the doco on the "black swan wreck /recovery /  theft by Spain  on fox only about a month ago
love the way they waited till it was recovered before trying to confiscate it   A holes if it was me I'd have taken it back and dumped it      and let them do the hard work for it

[twodko]

Jihad on the money grubbing governments!

Yeah, you heard me NSA! F**k off!

[ws23rt]

We are regarded as property of our government. So what ever good fortune we may enjoy (hard work or happenstance) it belongs to the gov.

This may not be the intent of our founders but it is the reality of where we are.

We and commerce are the golden goose. The gov. talks trash to us and takes our food and expects us to keep laying the golden eggs. If this push continues the obvious will happen.