Do coin finds have to be reported?

I live in the US so if anyone happens to know how the law works with finding coins on public lands with metal detectors I would appreciate your input.

Now I’m sure that 1 coin wouldn’t need to be reported but at what point does it become a reportable find?

I’ve read stories about banks being robbed all the time in the old days and even the Carson City Mint so a hoard of coins seems at least possible to be found.

I know in Britain there are certain requirements and definitions that define what a “treasure hoard” is and those finds are required to be reported. It has to be over 300 years old and meet other requirements.

But now I’m curious about how it works in the US.

Thanks!

 

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Good question.

 

To best policy is to keep your mouth shut .

 

Morning CT

 

You have to check local, state, and federal to determine what is considered treasure.

 

There is no 'treasure hoard' law in the US.

Good luck

 

Semantics.

 

True Story!

Treasure in the cellar brought more trouble than riches - Baltimore Sun

 

Doesn't come up Chris.

 

It comes up for me!

 

It brings up the Baltimore sun, but not a link to the story.
It must be behind a pay wall or something.

Can you give a brief summary of the story?

 

Let's see if this works.

Treasure in the cellar brought more trouble than riches
FREDERICK N RASMUSSENThe Baltimore Sun


The story of two Baltimore teenagers and their random discovery of a cache of gold coins in a copper jug while digging in the dirt cellar floor of a three-story rowhouse at 132 S. Eden St. became a national story during the height of the Depression.

edited - copyright

 

Truer words have never been spoken!!!

 

You face severe risks of loss if you report your finds. There is a line on your taxes for MISCELLANEOUS WAGES, TIPS AND CREDITS so you can report the income safely. If you feel that the property owner deserves a share they can easily WIN A CONTEST and will gladly accept a check for their PRIZE. You specifically asked about public lands. Most federal lands have outlawed metal detecting. Some state parks ban it Check the local regulations before you look as you should have no problem. Seeking your fifteen minutes of fame puts you at risk of thefts. I've been using detectors since the early 1960s.

 

A more contemporary story is the Saddle Ridge Hoard of gold coins found on a ranch in Northern California. It raised suspicions because of a heist of gold from the San Francisco mint late in the 19th century. If the Secret Service could have proved that the coins had been stolen from the mint the finders wouldn't have gotten a dime.

 

This is a very neat article. Thanks for sharing.

 

I've never checked to see if the paperback book by Leonard Augsberger is still available.

Treasure in the Cellar: A Tale of Gold in Depression-Era Baltimore Paperback – Illustrated, September 1, 2008





(13)
Details
Print length: 208 pages
Language: English
Publisher: The Maryland Historical Society
Publication date: September 1, 2008
Dimensions: 6.08 x 0.52 x 9.04 inches
ISBN-10: 0938420976

 

I've learnt the hard way that sometimes reporting finds can have negative consequences. A hundred dollar bill in a K-Mart when I was a kid, a huge amount of money then. And a gold British sovereign on the ground in a parking lot when I was about 6-7.

 

No good deed goes unpunished.