Gold coin hoard found

Yeah I just ran across it!! What a great big happy find! If I could cuss I would think about it for sure, instead bartender RootBeers all the way around!!

http://gma.yahoo.com/blogs/abc-blog...back-yard-212612549--abc-news-topstories.html

 

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I'm tending to think this myself as even for someone squirreling away the coins a little at a time over 1400 coins with most of them being $20 double eagles that is a huge sum of money. I mean $27,000 face value think about it. Not to mention the containers were completely rusted and were probably in the ground a long long time as the coins were all completely covered with dirt and such from what I read earlier as well.

 

Im thinking they should buy a metal detector and look for more

 

I would also keep one or two and buy a 1913 Liberty Nickel with the rest.

 

Or someone should buy all the metal detectors in the area and resell them for a profit.

 

Yep, that was a lot of money back then. What was the average salary, less than $5/week? And who would be the type to bury and have access to that much gold? A miner or a thief.

 

Treasure trove[edit]
Main article: Treasure trove
Treasure trove is property that consists of coins or currency hidden by the owner. To be considered treasure trove and not mislaid property, the property must have been deliberately hidden or concealed, and sufficiently long ago that the original owner can be considered dead or not discoverable. For example, under English law, one hundred Roman coins found buried in a chest would be treasure trove; however, one hundred Roman coins which were lost over time in a marketplace would not be treasure trove, as they were not deliberately hidden as a single hoard.

Under American common law, treasure trove belongs to the finder unless the original owner reclaims. Some states have rejected the American common law and hold that treasure trove belongs to the owner of the property in which the treasure trove was found. These courts reason that the American common law rule encourages trespass.

Under the traditional English common law, treasure trove belongs to the Crown, though the finder may be paid a reward.

 

My guess is some type of criminal. Doesn't necessarily have to be a thief, although very well could be.

 

Good info right there.

 

kinda sounds like they were saved birthday gifts

 

I'm surprised that there aren't any conspiracy theories about this hoard yet. It must have been owned by (insert famous outlaw) who stole it from a rich person! I vote for D.B. Cooper as most realistic possibility

 

Well, I guess the old saying is true: There's gold in them thar hills! (or at least in some old canisters)

 

some of the cache include at least fourteen finest known specimens

http://saddleridgehoard.com/

 

One thing no one has mentioned regarding the reason for burying the coins in the ground was that FDR made owning gold illegal in the 30's. If the owner of the stash had these coins at the time, what were his choices? Couldn't go to a bank, couldn't sell them on the open market, could have kept a few "collectibles", but not 1400+ coins. Without knowing the whole story, said owner might of just buried them in the ground because he thought it was the safest place to hide his illegal gold hoard at the time.

 

I know a lot of yall will already know this, but I have always liked the origin of the phrase "There's gold in them thar hills!". It comes from a Dahlonega mint assayer, who was trying to convince miners to stay in Dahlonegah rather than join the California gold rush. He said "There's millions in it!" and was quoted as saying "There's gold in them thar hills!". That is probably one of the more impressive misquotes in history.

 

I believe the Treasure Trove laws will rule in this situation.
At the same time, I'm sure there will be those trying to get a piece of it.
It's also possible that a false location was used from the start.

 

no matter what .... the end of this should get interesting ....

 

Where are the environmentalists and tree-huggers? They should be complaining how this couple had no right to disturb the ground or potentially endanger the tree's roots by digging up the hoard. Lawsuits to follow...

 

I know someone else already mentioned this, but why amazon.com? When you think of coin auctions/sales, you don't immediately think of amazon. Unless maybe they cut them a deal on fees/costs to sell them. I am sure the auction houses are between 10% and 30%. Still weird though.

 

All the coins aren't going to Amazon. The dealer mentioned getting in touch with high end collectors for the nicer specimens. My guess is there's a lot of EF or less coins in the hoard and they just want to sell them the easiest way possible. No auctions, no fees, no hassles.

I too raised an eyebrow when Amazon was mentioned, but again, I think it will be those coins that are not high grades.