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Tin cans filled with $10M in gold coins found buried in California

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Re: Tin cans filled with $10M in gold coins found buried in California

#3
Doesn't the US Treasury have a history of going around and seizing gold coins?

I forget exactly why but I think it was because they were all recalled when we went off gold standard?

I vaguely remember people finding these in deposit boxes, sharing it with the news and then magically losing it all when the treasury shows up to seize them.

Ah here we go

http://en.wikipedia.org/wiki/Executive_Order_6102

not really related but still gold-coin mind-blowing fact

http://www.npr.org/2011/06/28/137394348/-1-billion-that-nobo...

Re: Tin cans filled with $10M in gold coins found buried in California

#4
post #3

Doesn't the US Treasury have a history of going around and seizing gold coins? I forget exactly why but I think it was because they were all recalled when we went off gold standard? I vaguely remember people finding these in deposit boxes, sharing it with the news and then magically losing it all when the treasury shows up to seize them. Ah here we go http://en.wikipedia.org/wiki/Executive_Order_6102 not really relat…

Just 1933 Double Eagles ($20). It's actually a fascinating story ... I'll dig up the link and post an edit shortly.

Edit: the essential story - http://en.wikipedia.org/wiki/1933_double_eagle

Edit 2: Quick aside: I know the guy who found the 10 additional coins in his vault (Roy Langbord). Super nice guy. I remember when a mutual friend called me up one day and said "So Roy just found 10 1933 $20 gold coins in his vault. Are those worth anything?" ... Gulp ...

Re: Tin cans filled with $10M in gold coins found buried in California

#6
post #3

Doesn't the US Treasury have a history of going around and seizing gold coins? I forget exactly why but I think it was because they were all recalled when we went off gold standard? I vaguely remember people finding these in deposit boxes, sharing it with the news and then magically losing it all when the treasury shows up to seize them. Ah here we go http://en.wikipedia.org/wiki/Executive_Order_6102 not really relat…

Sounds like http://en.wikipedia.org/wiki/Executive_Order_6102.

Re: Tin cans filled with $10M in gold coins found buried in California

#10

HN in 50 years: wallet with $10 million in BitCoin from the mining era found.

maybe in 50 years, new cpus or math advancements could brute force wallets and make bitcoins worthless...

maybe in 50 years, new chemistry advancements could turn water to gold and make gold worthless...
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