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In reply to the discussion: Couple takes dog for walk, finds $10-million in buried coins [View all]DFW
(54,349 posts)101. There's a reason they are probably better off reporting the whole thing
From the sound of it, there are coins in there with a lot of high collector value. $27,000 face value is about 1350 pieces of $20 gold coins, so about $2 million at today's price for average coins. However, if there is collector value of $10 million in there, even if they pay full boat 40% in taxes, that will still leave them with $6 million, or at worst $5 million after paying off the experts to max out the deal for them. Going legit will be a far better deal for them than selling them off for cash without knowing what they are doing.
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Face value $27,000; mid-19th century. Life savings of someone who didn't trust banks.
Hekate
Feb 2014
#73
Not if the cache was stolen from the type of person who can't call the cops...
Blue_Tires
Feb 2014
#90
My theory: Joaquin Murrieta was never really killed, and continued his career
petronius
Feb 2014
#13
When I buy property the sale includes mineral rights. Gold is a mineral, right? n/t
oneshooter
Feb 2014
#140
I'm 100% sure the official story on how these coins were "found" is bullshit
Blue_Tires
Feb 2014
#87
Oh right!!! THAT's where I put them ... please send them back, I'll pay postage!
JoePhilly
Feb 2014
#27
I have to say, it seems wrong to me that they're going to be taxed 40% on this windfall.
reformist2
Feb 2014
#31
So, so, so I found a 60 pound diamond in my yard and it sang hymns when I touched it
SummerSnow
Feb 2014
#56
Great story, talk about a gold rush...don't forget to give the dog something special.
Jefferson23
Feb 2014
#67
One of the few thread titles on DU that I actually looked forward to clicking
geckosfeet
Feb 2014
#71
There have been a number of smaller scale versions of this in the Gold Country.
Xithras
Feb 2014
#76