Tuesday, February 25, 2014

California Golden Hoard

A year ago this month the Saddle Ridge Hoard was discovered in California's Gold Country dating back to the 1890's and featuring gold coins mostly minted in San Francisco from the period 1847-1894. The gold coins were stored in eight metal cans holding a grand total of 1,427 coins of $5, $10, and $20 denominations totaling $27,980 in numismatic value. However, given that the coins are gold they are much, much more valuable and given the mint condition of most of them and rarity of many of them  therefore some of them might fetch as much as $1 million apiece. The couple who found the hoard on their property remains anonymous and their location unknown for obvious reasons. This is the largest gold coin hoard ever discovered in the United States.

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