dave sharky
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now the people who said they would not say any thing about there finds are on the us terrorists list ha ha
ha
ha
Heres Why You Need To Keep Your Mouth Shut!!
- Thread starter duggr
- Start date
gemee
Hero Member
These people do not have to worry about paying a cent on taxes, as the government is a hair away from seizing the hoard as stolen property from a heist in 1900.
Citiboy289
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So many posts on this topic BUT WAIT the GOVT said its theirs from a MINT ROBBERY in 1900 I know another member mentioned it on a post but here is the LINK http://gma.yahoo.com/10m-gold:-$-coin-ho KEEP YOUR MOUTH SHUT
YumaMarc
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It looks like the tax laws say they owe the money in the first year the coins are in their "undisputed" possession. I think there is LOTS of dispute over ownership, and will likely be so for years. I don't see how the IRS can touch it until actual ownership of it is resolved by the courts....which can take A LONG time!!
They need a good slick lawyer BEFORE they do ANYTHING!
They need a good slick lawyer BEFORE they do ANYTHING!
Looks like it doesn't matter. The Government will get the coins all back because they were stolen from the mint. Now is a good lesson to keep your mouth shut. To late for them
DeepseekerADS
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$10M Gold Coin Hoard Found in Yard May Have Been Stolen From Mint - Yahoo
A California couple who found a stash of buried gold coins valued at $10 million may not be so lucky after all. The coins may have been stolen from the US Mint in 1900 and thus be the property of the government, according to a published report.
The San Francisco Chronicle's website reported that a search of the Haithi Trust Digital Library provided by Northern California fishing guide Jack Trout, who is also a historian and collector of rare coins, turned up the news of the theft.
The California couple, who have not been identified, spotted the edge of an old can on a path they had hiked many times before several months ago. Poking at the can was the first step in uncovering a buried treasure of rare coins estimated to be worth $10 million.
"It was like finding a hot potato," the couple told coin expert Don Kagin from Kagin's, Inc. The couple hired the president of Kagin's, Inc. and Holabird-Kagin Americana, a western Americana dealer and auctioneer, to represent them.
The coins are mostly uncirculated and in mint condition, and they add up in face value to $27,000. "Those two facts are a match of the gold heist in 1900 from the San Francisco Mint," the newspaper reported.
Jack Trout told the paper that an 1866 Liberty $20 gold piece without the words “In God We Trust” was part of the buried stash, and the coin may fetch over $1 million at auction because it's so rare.
“This was someone’s private coin, created by the mint manager or someone with access to the inner workings of the Old Granite Lady (San Francisco Mint),” Trout told the newspaper. “It was likely created in revenge for the assassination of Lincoln the previous year (April 14, 1865). I don’t believe that coin ever left The Mint until the robbery. For it to show up as part of the treasure find links it directly to that inside job at the turn of the century at the San Francisco Mint.”
Mint spokesman Adam Stump issued this statement when contacted today by ABC News: "We do not have any information linking the Saddle Ridge Hoard coins to any thefts at any United States Mint facility. Surviving agency records from the San Francisco Mint have been retired to the National Archives and Records Administration (NARA), under Record Group 104. Access to the records is under NARA’s jurisdiction: http://www.archives.gov/."
Last week, when news of the stash first broke, coin dealer Kagin spoke about the rarity of such a find.
"Since 1981, people have been coming to us with one or two coins they find worth a few thousand dollars, but this is the first time we get someone with a whole cache of buried coins... It is a million to one chance, even harder than winning the lottery," Kagin told ABCNews.com.
The couple is trying to remain anonymous after finding the five cans of coins last spring on their Tiburon property in northern California and conducted an interview with Kagin.
"I never would have thought we would have found something like this. However, in a weird way I feel like I have been preparing my whole life for it," the couple said.
"I saw an old can sticking out of the ground on a trail that we had walked almost every day for many, many years. I was looking down in the right spot and saw the side of the can. I bent over to scrape some moss off and noticed that it had both ends on it," they said.
It was the first of five cans to be unearthed, each packed with gold coins.
"Nearly all of the 1,427 coins, dating from 1847 to 1894, are in uncirculated, mint condition," said Kagin told ABCNews.com.
He said that the couple plan to sell most of the coins, but before they do, they are "loaning some to the American Numismatic Association for its National Money Show, which opens Thursday in Atlanta."
"Some of the rarest coins could fetch as much as $1 million apiece," said Kagin. He also said that they wish to sell 90 percent of the collection through Amazon.com and on the company's website.
"We'd like to help other people with some of this money. There are people in our community who are hungry and don't have enough to eat. We'll also donate to the arts and other overlooked causes. In a way it has been good to have time between finding the coins and being able to sell them in order to prepare and adjust. It's given us an opportunity to think about how to give back," said the couple.
Kagin and his colleague David McCarthy, senior numismatist and researcher at Kagin's, met with the couple last April, two months after the hoard was found.
When McCarthy and Kagin told the couple that their bonanza will be in the annals of numismatic stories for quite some time, the couple said, "It would have been quite a pity not to share the magnitude of our find. We want to keep the story of these coins intact for posterity."
A California couple who found a stash of buried gold coins valued at $10 million may not be so lucky after all. The coins may have been stolen from the US Mint in 1900 and thus be the property of the government, according to a published report.
The San Francisco Chronicle's website reported that a search of the Haithi Trust Digital Library provided by Northern California fishing guide Jack Trout, who is also a historian and collector of rare coins, turned up the news of the theft.
The California couple, who have not been identified, spotted the edge of an old can on a path they had hiked many times before several months ago. Poking at the can was the first step in uncovering a buried treasure of rare coins estimated to be worth $10 million.
"It was like finding a hot potato," the couple told coin expert Don Kagin from Kagin's, Inc. The couple hired the president of Kagin's, Inc. and Holabird-Kagin Americana, a western Americana dealer and auctioneer, to represent them.
The coins are mostly uncirculated and in mint condition, and they add up in face value to $27,000. "Those two facts are a match of the gold heist in 1900 from the San Francisco Mint," the newspaper reported.
Jack Trout told the paper that an 1866 Liberty $20 gold piece without the words “In God We Trust” was part of the buried stash, and the coin may fetch over $1 million at auction because it's so rare.
“This was someone’s private coin, created by the mint manager or someone with access to the inner workings of the Old Granite Lady (San Francisco Mint),” Trout told the newspaper. “It was likely created in revenge for the assassination of Lincoln the previous year (April 14, 1865). I don’t believe that coin ever left The Mint until the robbery. For it to show up as part of the treasure find links it directly to that inside job at the turn of the century at the San Francisco Mint.”
Mint spokesman Adam Stump issued this statement when contacted today by ABC News: "We do not have any information linking the Saddle Ridge Hoard coins to any thefts at any United States Mint facility. Surviving agency records from the San Francisco Mint have been retired to the National Archives and Records Administration (NARA), under Record Group 104. Access to the records is under NARA’s jurisdiction: http://www.archives.gov/."
Last week, when news of the stash first broke, coin dealer Kagin spoke about the rarity of such a find.
"Since 1981, people have been coming to us with one or two coins they find worth a few thousand dollars, but this is the first time we get someone with a whole cache of buried coins... It is a million to one chance, even harder than winning the lottery," Kagin told ABCNews.com.
The couple is trying to remain anonymous after finding the five cans of coins last spring on their Tiburon property in northern California and conducted an interview with Kagin.
"I never would have thought we would have found something like this. However, in a weird way I feel like I have been preparing my whole life for it," the couple said.
"I saw an old can sticking out of the ground on a trail that we had walked almost every day for many, many years. I was looking down in the right spot and saw the side of the can. I bent over to scrape some moss off and noticed that it had both ends on it," they said.
It was the first of five cans to be unearthed, each packed with gold coins.
"Nearly all of the 1,427 coins, dating from 1847 to 1894, are in uncirculated, mint condition," said Kagin told ABCNews.com.
He said that the couple plan to sell most of the coins, but before they do, they are "loaning some to the American Numismatic Association for its National Money Show, which opens Thursday in Atlanta."
"Some of the rarest coins could fetch as much as $1 million apiece," said Kagin. He also said that they wish to sell 90 percent of the collection through Amazon.com and on the company's website.
"We'd like to help other people with some of this money. There are people in our community who are hungry and don't have enough to eat. We'll also donate to the arts and other overlooked causes. In a way it has been good to have time between finding the coins and being able to sell them in order to prepare and adjust. It's given us an opportunity to think about how to give back," said the couple.
Kagin and his colleague David McCarthy, senior numismatist and researcher at Kagin's, met with the couple last April, two months after the hoard was found.
When McCarthy and Kagin told the couple that their bonanza will be in the annals of numismatic stories for quite some time, the couple said, "It would have been quite a pity not to share the magnitude of our find. We want to keep the story of these coins intact for posterity."
UncleMatt
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We don't know what is going to happen here, we just need to be patient and wait for it all to come out in the wash. I would like to see chapter and verse from the laws about Federal taxation of found treasure. Why would the taxes be higher on treasure than on a person who had $10 million in income for that year? Income is income! If anyone has the relevant laws, or a place to read them, please post. It would be ridiculous, in my opinion, for a higher level of tax to exist on found treasure than on any other form of income.
NEPADIGGER7
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Ur exactly right!!! The feds want they're hands in everything. Like I said before they found more gold then the US.has in fort KnoX BC KNOX has.nothing. hasn't been audited since the 50s the US is broke!!!
aa battery
Gold Member
ok it comes down to stupidity. We all here at TNET iam sure would of kept our mouth shut. Its sad to realy know its bout $$$$ not any thing else. This is a great country but the time has come to stop this ......oh well never mind its coming.
BVI Hunter
Bronze Member
Yes - best to keep quiet and not give too much away for sure !!! 
BeenThereDoneThat2
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"In 1900, Walter Dimmick was convicted of the theft of appoximately $30,000 in un circulated, gold coins - including double eagles from the San Francisco mint. One theory is that the gold was stolen by Walter Dimmick, an employee of the San Francisco Mint in the late 1800's. Dimmick began working at the mint in 1898 and by 1901 was trusted with the keys to the vaults – until an audit revealed a $30,000 shortage in $20 Double Eagle coins, six bags in all. The Mint recognized that only someone with keys to the vault and free access to the building would have been able to remove that many heavy coins without being discovered. Dimmick immediately became a suspect.
"Officials noted that Dimmick was the last one to count the bags of coins each night before the vaults were closed. Dimmick was arrested and since he had already been caught learning to forge the Superintendent’s name, taking money from the pay envelopes of other Mint employees, and stealing other government funds in his care, after nearly a month in the courtroom, he was convicted of stealing the $30,000 in gold double eagle coins (and two other charges). Dimmick was sentenced to nine years at the San Quentin prison in California.
The gold that Dimmick stole was never found."
vor
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BTDT2
I believe the quoted info originated here:
Saddle Ridge Hoard - couple discovers $10 million in old gold coins buried in backyard | Altered Dimensions ParanormalAltered Dimensions Paranormal
There is more to their story as well as their update tomorrow:
Update 3/6/14: Based on a mention on the US Mint website and research through archived newspaper accounts covering the Dimmick heist, Altered Dimensions was the first to float the Saddle Ridge Hoard/Dimmick heist theory over a week ago (February 26, 2014). Since then the story has gone viral appearing on CNN, NBC News, ABC News and many more. Mint officials have indicated they do not yet have any evidence that the Saddle Ridge Gold cache originated from the stolen Dimmick coins but admitted that there are no records of the coins that were stolen by Dimmick. The wrench in the theory is this: the dates on the Saddle Ridge Horde coins spanned several years and Mint officials are not sure if the coins stolen in the Dimmick heist were struck the year of the theft or if the Mint housed older coins in their vaults. In addition, a small percentage (about 2%) of coins in the Saddle Ridge Hoard find were not “Double Eagle” coins and again, without records, Mint officials are not sure if other denominations were stored at the San Francisco Mint. It seems that we have a mystery on our hands…
I believe the quoted info originated here:
Saddle Ridge Hoard - couple discovers $10 million in old gold coins buried in backyard | Altered Dimensions ParanormalAltered Dimensions Paranormal
There is more to their story as well as their update tomorrow:
Update 3/6/14: Based on a mention on the US Mint website and research through archived newspaper accounts covering the Dimmick heist, Altered Dimensions was the first to float the Saddle Ridge Hoard/Dimmick heist theory over a week ago (February 26, 2014). Since then the story has gone viral appearing on CNN, NBC News, ABC News and many more. Mint officials have indicated they do not yet have any evidence that the Saddle Ridge Gold cache originated from the stolen Dimmick coins but admitted that there are no records of the coins that were stolen by Dimmick. The wrench in the theory is this: the dates on the Saddle Ridge Horde coins spanned several years and Mint officials are not sure if the coins stolen in the Dimmick heist were struck the year of the theft or if the Mint housed older coins in their vaults. In addition, a small percentage (about 2%) of coins in the Saddle Ridge Hoard find were not “Double Eagle” coins and again, without records, Mint officials are not sure if other denominations were stored at the San Francisco Mint. It seems that we have a mystery on our hands…
BeenThereDoneThat2
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Yes Vor. The back-story on this robbery will likely be a book in and of itself.
BeenThereDoneThat2
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Keep your powder dry
Keep your powder dry boys. I love a good chase, but I smell a Rat
?.
Keep your powder dry boys. I love a good chase, but I smell a Rat
?.
UncleMatt
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Guys, the mint denies these coins were stolen from them, and the government has said it has no grounds to confiscate anything. All the hullabaloo here seems based more on people's fears than what the situation actually is...
FreeBirdTim
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The original theft was $27,000. If I were the one who found the coins, I would write them a check for $27,000 and be done with it. That's all the government is entitled to.
If they had found $27,000 in ratty $100 bills, do you think the government would want them back? I don't think so.
If they had found $27,000 in ratty $100 bills, do you think the government would want them back? I don't think so.
UncleMatt
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Sorry, but there is ZERO EVIDENCE they were stolen! The mint says they were not stolen from there. I don't understand why people keep talking about a "theft" in this situation.
kimosarbe
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they should of been quiet about it , and not told any one , the tax man will be there, also folks i searched on the internet for california gold, DON't search for it IT screwed up my computer for three days . till igot the virus out of it.. trust me it was bad , couldn't do any thing with the computer . they wanted 100.00 to get out Don't search california gold !!!!!!!!!!!!!!!!!!!
vor
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I did a search for "California gold" to see if I could find your virus. Not only did I not find a virus, I went to every link on the first page in the search and...nothing, as I suspected.
Did find this link:
No legitimate claim to $10 million California gold find, firm says
BeenThereDoneThat2
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Jumping to conclusions
Hay Vor. That smell was likely coming from Jack Trout jumping to conclusions.
Hay Vor. That smell was likely coming from Jack Trout jumping to conclusions.
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