▲ Up
 
13:10 25-09-2016
MAIN АКИpress CA-News
About us On-line subscription
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
$11m gold coins discovered by California couple go on sale

Bishkek (AKIpress) - ap A multimillion-dollar treasure trove of rare gold coins discovered by a California couple out walking their dog has gone on sale, the media report May 28.

The coins date from 1847 to 1894 and have been valued at 11 million dollars (£6.5 million).

Several coins have already been auctioned at the Old San Francisco Mint, and one of them - an 1874 20-dollar double eagle that is usually worth 4,250 dollars (£2,530) - sold for 15,000 dollars (£9,000), the AP said.

Don Kagin, whose firm is handling the sale, said most of the remaining 1,400 coins went on sale on Amazon.com and Kagins.com after the auction.

The couple found the coins last year buried under the shadow of a tree on their rural northern California property.

Mr Kagin said the couple - a middle-aged husband and wife - do not want to be identified in part to avoid a gold rush on their property by modern-day prospectors.

They discovered the coins in eight cans buried in the shadow of an old tree on the property. They plan to keep a few of the coins and use the money from the rest to pay off bills and donate to local charities.

The treasure consists of four 5-dollar gold pieces, 50 10-dollar gold pieces, and 1,373 20-dollar double eagles. The crown jewel of the collection - an 1866-S No Motto 20-dollar gold piece - is valued at more than a million dollars (£560,000).

Experts say paper money was illegal in California until the 1870s, so it is extremely rare to find any coins from before that period. Most of the coins are in mint condition, having been stashed away seemingly immediately after they were minted.

Most of the coins were made at the San Francisco Mint, according to Mr Kagin. It is not clear who put them in the ground or how they were obtained, although theories have abounded. Mr Kagin says people have linked the coins to stagecoach bandit Black Bart, outlaw Jesse James and a theft at the San Francisco Mint, but none of the theories has panned out.

Mr Kagin calls this coin find the largest such discovery in US history. One of the largest previous finds of gold coins was uncovered by construction workers in Jackson, Tennessee, in 1985 and valued at a million dollars.

More than 400,000 silver dollars were found in the home of a Reno man who died in 1974 and were later sold intact for 7.3 million dollars.

Gold coins and ingots said to be worth as much as 130 million dollars were recovered in the 1980s from the wreck of the SS Central America, but historians knew roughly where that gold was because the ship went down off the coast of North Carolina during a hurricane in 1857.


Twitterfacebookprint
14:48 28.05.2014
LATEST NEWS
19:00 Vice PM Jenish Razakov familiarized with bank protection works in Talas18:20 Tashkent calls UN donors to honor commitments to Afghanistan17:41 Health insurance for foreign travel in Kyrgyzstan leaves much to be desired – Health Minister17:21 Vice PM Gulmira Kudaiberdiyeva to head delegation of Kyrgyzstan at V Baku International Humanitarian Forum17:06 Trump campaign plans $140 million ad buy17:00 Moody's downgrades Turkey's credit rating to 'Junk' status16:50 Tariff policy of mobile operators leads to refusal of subscribers from traditional telephone operator services16:16 Kyrgyz government asks Parliament to urgently consider bill on lotteries15:51 Government approves agreement between Education Ministry of Kyrgyzstan and Ministry of Human Resources of Hungary15:27 Saudi Arabia to provide $3.7 million grant to Kyrgyzstan for construction of hemodialysis and heart disease centers14:22 FMs of Kyrgyzstan, Kazakhstan, Tajikistan, Turkmenistan, Uzbekistan meet in New York13:59 Obama Veto Bars 9/11 Lawsuits Against Saudi Arabia13:20 Foreign Minister Abdyldayev hold series of talks on sidelines of 71st UN General Assembly session12:42 Kyrgyzstan signs Paris Agreement12:23 ADB, Tajikistan agree on new 5-year partnership strategy to promote growth12:10 Google may buy Twitter - report11:43 Pilot project on separate waste collection launched in Bishkek schools11:26 18-year-old boy beaten to death for talking to girl in Osh10:56 Uzbekistan gains 55th place in world health ranking ahead of all Central Asian countries10:36 Government agencies of Kyrgyzstan improve work on combating torture recent years — Vice PM
Astana
+17° C
Ashgabat
+34° C
Bishkek
+22° C
Dushanbe
+27° C
Tashkent
+31° C
Ulaanbaatar
+12° C
exchange rates
 
76.77
68.53
10.27
1.07
378.29
337.37
50.58
5.30
6.85
6.26
1.01
0.12
3286.53
2888.39
446.81
42.81
3.93
3.50
0.52
0.05

© AKIpress News Agency - 2001-2016. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75