One fine day, a Northern California Couple were out walking their dog in a Gold Country property, little did they know that it will be the day that changes their lives for good. Why? Because this couple have hit jackpot! They found a can of rare, mint-condition gold coins buried under the shadow of an old tree believed to be worth $10 million!
The treasure trove of rare gold coins unearthed by the California couple who were out walking their dog has gone on sale, with one coin selling for $15,000.00 each!
The coins date from 1847 to 1894 and have been valued at $11 million. A lot of coins were auctioned at the Old San Francisco Mint at 8:30 p.m. Tuesday, and one of them — an 1874 $20 double eagle that is usually worth $4,250 — sold for $15,000.
Almost all of the 1,427 coins, dating from 1847 to 1894, are in uncirculated, mint condition, claimed David Hall, co-founder of Professional Coin Grading Service of Santa Ana, which recently authenticated them. Even though their face value only totals to about $27,000 some of them are so rare that coin experts claim that they could be priced at $1 million per piece.
Why Are The Coins So Expensive & Valuable?
Coin experts claim that paper was money was deemed illegal in California until the 1870s, so it is very rare to find any coins from before that era. Furthermore, many of the coins are in mint condition, having stashed away immediately after they were minted. They were so valued by Don Kagin, the numismatist in charge of marketing the rare find coins.
“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. It’s like they found the pot of gold at the end of the rainbow.”
Kagin, whose family has been in the rare-coin business for 81 years, would say little about the couple other than that they are husband and wife, are middle-aged and have lived for several years on the rural property where the coins were found.
They have no idea who put them there, Kagin said. The pair are choosing to remain anonymous, Kagin said, in part to avoid a renewed gold rush to their property by modern-day bounty hunters.
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