The "Great Kentucky Hoard" includes hundreds of U.S. gold pieces dating to between 1840 and 1863, in addition to a handful of silver coins. In a short video, the man who discovered the hoard — whose identity and specific location have not been revealed to the public — says, "This is the most insane thing ever: Those are all $1 gold coins, $20 gold coins, $10 gold coins," as he aims his camera at the artifacts tumbling out of the dirt.
-MH
I guess I better dust off my metal detector and get to work.
ReplyDeleteHe should have never gone public with that, someone will sue him for some reason to take them from him. A museum, the state, someone is going to want them.
ReplyDeleteAnd that's before Biden's IRS and DoJ show up...
DeletePrivate property. They can suck it. The hoard has already gone to a private seller and this guy is going to be rolling the dough. Lucky SOB.
DeleteI thought the same. I might have released a few to gauge the interest in someone trying to claim ownership (government), then if a challenge arose, I would melt the rest into 1 oz. bullion - history be damned.
DeleteDing ding ding. And the IRS will also be up his was with a flashlight looking for a cut of the windfall. Cultural artifacts? I'd probbably have surreptitiously melted them down and then sold the gold for the best price I could get. Keeping them in their present form will make then a target for being stolen away by a museum or some gov't agency. This calls for the opposite of the three S method; shovel, shut up and shoot.
DeleteCapital gains tax, says the 87,000 armed IRS agents. Calculated from face value.
DeleteSteve S6
That's an amazing story about an amazing find.
ReplyDeleteMy mind runs wild, imagining my case tumbler working overtime cleaning those coins up. Fun!
Never ever clean coins, especially those w this kind of history. Rinse them off sure but to tumble will destroy so much value (numismatic value)
Delete2 queen Anne chairs on antiques roadshow - beautifully refurbished, est value $25,000 ea. With the tattered seats, dirty unrefurbished value was est at $500,000 ea if memory serves.
Cleaned coins lose their swirls...
ch
Well, Blondi
ReplyDeleteWell, Blondie and Tuco got away, so it must have been Angel-Eyes' or Captain Tyrell's stash...
ReplyDeleteStefan v.
Think the state of KY or maybe Biden's weaponized DOJ will swoop in for the big confiscation?
ReplyDeleteps: You're on it like white on rice Ken.
- WDS
My great great great grandpappy lived right around there!! I betcha it belongs to me!
ReplyDeleteThe reason he went public was due to the type of coins discovered. Most all were $1 gold coins. But there were rare 1863-P twenty dollar coins that have sold in six figure range. The coins needed to have a history of discovery and needed to be authenticated for them to have the full value.
ReplyDeletechestnut
Asset forfeiture. That's ill gotten drug money
ReplyDeleteDaryl
As someone who is in no way connected or affiliated with this individual, I demand my reparations!
ReplyDeletelooks like reparations money to me!!
ReplyDeleteThat's what I was thinking too.
DeleteThe feral humans will be along shortly to peacefully protest.
Pretty sure that he and I are long lost cousins
ReplyDeleteI imagine that FDR's immoral gold confiscation/theft in the 30's may have had something to do with that internment.
ReplyDeleteIt’s US currency. They can’t, by law, tax it.
ReplyDeleteAS they say in the south, bless your heart. The GOV will and can do just about anything to get their share and then some. Stealing historical artifacts, ill-gotten gains, even simple lost-n-found they will take their cut, if not all of it if they could,
DeleteNo? There's always capital gains, or some crooked feral official to deal with.
DeleteAn old friend at work told me about this today. He's a coin collector and was super excited. He made a point that it will drive down the price of some of these old coins for saturating the market.
ReplyDeleteNot that it matters. This guy never has to farm again.
I wouldn't have gone public with that.
ReplyDeleteWhen Jefferson Davis was fleeing Richmond at the end of the Civil War, did his wagon train ever come near Kentucky? IIRC, the Confederate Treasury is still missing.
ReplyDeleteHowever, John's theory that this was buried to hide it from FDR's confiscation seems more likely.
Davis was captured near Irwinville, GA.
DeleteSpain has already laid claim to the find.
ReplyDeleteThe limited dates shown indicates this hoard was buried long before FDR's money grab. I like the theory that it was buried during a particularly hot spell between the Hatfields and McCoys. That neither family ever had that much money is irrelevant ... it makes good headlines.
ReplyDelete