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Jim_Alaska
04:37:32 Wed
Feb 26 2014

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California couple finds $10 million in rare coins




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Jim_Alaska
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dickb
20:42:07 Wed
Feb 26 2014

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Re: California couple finds $10 million in rare coins

Hey Jim:

You need to be more careful where you hide that stuff.

Dickb

  
hoppingforpay
22:15:26 Sun
Mar 2 2014

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Re: California couple finds $10 million in rare coins


  
geowizard
18:02:30 Tue
Mar 4 2014

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Re: California couple finds $10 million in rare coins


Yep, and now it looks like they will have to be returned. :gonetoofar:

- Geowizard

  
Rod_Seiad
17:02:53 Wed
Mar 5 2014

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Re: California couple finds $10 million in rare coins

Food for thought

Regarding that gold coin hoard found in California. Reports say it consisted of 1400 $20 double eagles, 50 $10 coins and 4 $5 coins.



Face value of the coins is $28,520 $1 bought .0484 oz. of gold when these coins were minted.

Note: The '$10 million' value reported in the news is numismatic - many of the coins found are rarely seen in very good condition


GOLD melt value for those 1379 oz. is over $1.8 MILLION at today's prices $1 today buys only .0007517 oz of gold

so... $1 today buys 1/64th of what it did when that hoard was buried

--------------------------------------------------------------------

My opinion is........

The couple who claim to have found the hoard are deceiving us.

Why did they lawyer-up rather than keep quiet? Guilt probably. Emotional duress. They couldn't endure their challenge. They were too weak.






  
geowizard
17:23:19 Wed
Mar 5 2014

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Re: California couple finds $10 million in rare coins

All that's needed is "A Simple Plan". :smile:


https://www.youtube.com/watch?v=hn81aL59Bjg

Watch all the trailers.

- Geowizard
[1 edits; Last edit by geowizard at 17:26:34 Wed Mar 5 2014]

  
MadJack
10:22:25 Fri
Mar 7 2014

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Re: California couple finds $10 million in rare coins

Cash, gold, silver or ammo, the only person who would know about it would be the collector I'm selling a piece to, and no one would ever know the total!
Sell one or two big dollar coins local... buy gold from miners, Rinse, Repeat!



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MadJack_ME

 
 
geowizard
14:59:52 Fri
Mar 7 2014

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Re: California couple finds $10 million in rare coins


I guess I watch too many gold shows. :confused:

A while back, there was a documentary about the US Mint and it concluded with a segment on numismatics and certification (grading) of coins. There are meetings of the half-dozen top coin graders that occur and they pass coins around the table and form a consensus on the grade. The coin is sealed in a plastic case with the grade. Coins are submitted by collectors for certification for the purpose of asserting "value" of the coin based on the certification.

There is a "known" number of Lady Liberties in circulation among collectors. They have been certified.

There is a known number of counterfeit Lady Liberties in circulation among collectors too. The graders have identified a certain "marking" on the counterfeits that identifies the coins. Seems there is an unusual mark like an omega symbol.

So, now, "real" Lady Liberties begin to enter the system. A collector wants to certify a coin... Then another collector wants to certify his/her coin...

- Geowizard

  
Rod_Seiad
15:48:04 Fri
Mar 7 2014

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Re: California couple finds $10 million in rare coins

Anything in excess of the melt value is speculation which oftentimes causes the whole deal to bust.

The $1.8 mill would have buttered my toast just fine.


  

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