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…
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
#12Earlier quoted context omitted.
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...
Re: Tin cans filled with $10M in gold coins found buried in California
#13I wouldn't go public either. Somebody before them owned that property and I wonder if old relatives could give you troubles.
Re: Tin cans filled with $10M in gold coins found buried in California
#14Re: Tin cans filled with $10M in gold coins found buried in California
#15Because it's currency? Nope. Because it's gold? Nope. Because it's collectable? Yes!
Really highlights how price and value can come unstuck.
Re: Tin cans filled with $10M in gold coins found buried in California
#16HN in 50 years: wallet with $10 million in BitCoin from the mining era found.
Re: Tin cans filled with $10M in gold coins found buried in California
#17Doesn'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 vau…
Re: Tin cans filled with $10M in gold coins found buried in California
#18So that is about 1350 $20 gold coins or their equivalent, thus 1300 ounces of gold. At current spot prices of $1340 per ounce, about $1.75 million USD.
IF they are the $20 coins, they probably look similar to these: http://www.apmex.com/product/9119/20-liberty-gold-double-eag...
Re: Tin cans filled with $10M in gold coins found buried in California
#19Why would you ever go public with this sort of discovery? Seems like it will just create one hell of a headache for the couple who discovered the coins.