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Couple finds gold: $10 million in rare gold coins buried in rusty coffee cans

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A couple out walking their dog found $10 million in rare gold coins buried under an old tree on their property in the northern part of California. The couple was walking on a path they have walked on for years, but this one morning the wife noticed an exposed rusty can. When she unearthed that old coffee can she and her husband, who wish to remain unnamed, found the gold coins. They unearthed eight cans in all.

According to “Fox and Friends” live on Feb. 26., there were eight canisters buried in the ground housing these mint and almost mint rare gold coins. At face value the coins would be worth somewhere around $27,000, but it is because the coins are so rare and in such good condition that their estimated worth is $10 million. The 1,427 coins date from 1847 to 1894, reports the Fox News website today.

The coins were placed in chronological order in each canister. The couple will not give out their name and very little about their location is revealed because they don’t want to be inundated with people and metal detectors starting a modern day gold rush on their property. The couple, who are now very rich, don’t want to be treated any differently.

The coins will go up for sale on Amazon, but they will hold onto a few as a keepsake of this extraordinary walk with the dog that day. Before the coins go on Amazon, some of the coins are on loan to the National Money Show, which opens Thursday in Atlanta.

Most of the coins were minted in San Francisco. A few of the coins were from other mints, like one gold piece minted in Atlanta.

The coins are in $5, $10 and $20 denominations and probably put in the ground almost immediately after they were put in circulation because of their excellent condition. The older coins from the 1840s and 1850s were in on canister and then coins made after that were put in another canister.

The big question is how did those coins come to be buried on this couple’s property? It could be that this was someone’s collection and they buried it there for safe keeping, but died before they were able to pass it on to their friends or family.

Fox News suggests:

“The dates and the method indicated that whoever put them there was using the ground as their personal bank and that they weren't swooped up all at once in a robbery.”

Who ever put the gold coins under the shade of that large tree in northern California, left a fortune behind for today's property owners. That walk with the dog netted them $10 million!

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