![]() ![]() ![]() ![]() If the couple is allowed to keep the coins, the $10 million windfall will net a little over $5 million after 47% is taken in state and federal taxes, according the San Francisco Chronicle. treasure trove laws could mean that all the coins could be taken away and handed over to the descendants of the person who initially buried the coins or given to the State of California. Instead of being overnight multi-millionaires, the California couple could end up high and dry. Known only as John and Mary, the couple was planning to start selling individual coins on ’s Collectibles site in May. The coins had been packed into cans and hidden near a path on the couple’s property. These new revelations may throw a monkey wrench into the unbelievable tale of the couple who literally stumbled upon what is now being called the Saddle Ridge Hoard, believed to be the biggest cache of gold coins ever unearthed in the United States. The type, date range, origin, quality and quantity of coins all seem to mesh neatly with the Dimmick story. Most were mint-condition, uncirculated $20 Double Eagles struck at the San Francisco Mint. Not a single $20 gold piece was ever recovered - until, perhaps, now.Īll the coins found by the couple were dated from 1847 to 1894. The $10 million bounty of 1,427 gold coins recently unearthed by a Northern California couple in their own backyard may be tied directly to the unsolved mystery of Walter Dimmick, a San Francisco Mint chief clerk, who was convicted in 1901 of embezzling 1,500 gold coins. ![]()
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