Couple Walking Dog Find $10MM in Gold Coins

Discussion of the Gold portion of the Permanent Portfolio

Moderator: Global Moderator

Post Reply
User avatar
dualstow
Executive Member
Executive Member
Posts: 15321
Joined: Wed Oct 27, 2010 10:18 am
Location: searching for the lost Xanadu
Contact:

Couple Walking Dog Find $10MM in Gold Coins

Post by dualstow »

Man's best friend.
Nearly all of the 1,427 coins, dating from the gold rush of 1847 to 1894, are in uncirculated, mint condition.
http://www.thestar.com/news/world/2014/ ... coins.html

And yes, there's a typo in the text. I think they mean 1870s.
Last edited by dualstow on Tue Feb 25, 2014 7:39 pm, edited 1 time in total.
User avatar
WildAboutHarry
Executive Member
Executive Member
Posts: 1090
Joined: Wed May 04, 2011 9:35 am

Re: Couple Walking Dog Find $10MM in Gold Coins

Post by WildAboutHarry »

I think my boat sank near there...
It is the settled policy of America, that as peace is better than war, war is better than tribute.  The United States, while they wish for war with no nation, will buy peace with none"  James Madison
dragoncar
Executive Member
Executive Member
Posts: 1111
Joined: Wed Aug 10, 2011 7:23 pm

Re: Couple Walking Dog Find $10MM in Gold Coins

Post by dragoncar »

Is most of the value... I want to say numismatic?
User avatar
WildAboutHarry
Executive Member
Executive Member
Posts: 1090
Joined: Wed May 04, 2011 9:35 am

Re: Couple Walking Dog Find $10MM in Gold Coins

Post by WildAboutHarry »

[quote=dragoncar]Is most of the value... I want to say numismatic?[/quote]

About $1.8 million in gold, based on the $27,000 face value.  So, yeah.  Mostly numismatic.
It is the settled policy of America, that as peace is better than war, war is better than tribute.  The United States, while they wish for war with no nation, will buy peace with none"  James Madison
User avatar
Ad Orientem
Executive Member
Executive Member
Posts: 3483
Joined: Sun Aug 14, 2011 2:47 pm
Location: Florida USA
Contact:

Re: Couple Walking Dog Find $10MM in Gold Coins

Post by Ad Orientem »

I need to get a dog.
Trumpism is not a philosophy or a movement. It's a cult.
Libertarian666
Executive Member
Executive Member
Posts: 5994
Joined: Wed Dec 31, 1969 6:00 pm

Re: Couple Walking Dog Find $10MM in Gold Coins

Post by Libertarian666 »

I think $10MM may be an underestimate considering that quite a few of those are "finest known specimens" or tied for finest known.
User avatar
WildAboutHarry
Executive Member
Executive Member
Posts: 1090
Joined: Wed May 04, 2011 9:35 am

Re: Couple Walking Dog Find $10MM in Gold Coins

Post by WildAboutHarry »

[quote=Libertarian666]I think $10MM may be an underestimate considering that quite a few of those are "finest known specimens" or tied for finest known.[/quote]

And this is why you don't want to go all in on MS-69 Double Eagles or the "finest known specimens" of any coin.  There is always the possibility that someone will dig up great-grand dad's jar full of $20 gold pieces that he buried in the back yard back in '06 (19 aught-six, not eight years ago).

Although I suppose this could be some sort of tungsten-flavored hoax...
It is the settled policy of America, that as peace is better than war, war is better than tribute.  The United States, while they wish for war with no nation, will buy peace with none"  James Madison
Libertarian666
Executive Member
Executive Member
Posts: 5994
Joined: Wed Dec 31, 1969 6:00 pm

Re: Couple Walking Dog Find $10MM in Gold Coins

Post by Libertarian666 »

WildAboutHarry wrote:
Libertarian666 wrote:I think $10MM may be an underestimate considering that quite a few of those are "finest known specimens" or tied for finest known.
And this is why you don't want to go all in on MS-69 Double Eagles or the "finest known specimens" of any coin.  There is always the possibility that someone will dig up great-grand dad's jar full of $20 gold pieces that he buried in the back yard back in '06 (19 aught-six, not eight years ago).

Although I suppose this could be some sort of tungsten-flavored hoax...
I would say it is very unlikely to be a hoax, having been authenticated by expert numismatists. They are pretty hard to fool.
Post Reply