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California couple finds $10M of gold coins buried in their yard

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On Tuesday, February 25 a couple decided to come forth with their find.

They were out walking their dog on their Gold Country property last year and stumbled across a modern-day bonanza: $10 million in rare, mint-condition gold coins buried in the shadow of an old tree.

Some dream of roaming the earth to hunt buried treasure. It's believed to the biggest hoard of gold coins ever unearthed in the United States. And it's going on sale soon.

The bonanza emerged last year as the man and woman were walking their dog on their property in the Gold Country and noticed the top of a decaying canister poking out of the ground.

They dug it out with a stick, took it to their house and opened it up. Inside was what looked like a batch of discs covered in dirt from holes rotted through the can.

They weren't just discs.

A little brushing revealed nearly perfectly preserved $20 gold coins with liberty head designs on the front, dated from the 1890s. They ran back to the same spot, and when they were done digging, they'd found a total of eight cans containing 1,427 coins - with a face value of $27,980.

Nearly all of the 1,427 coins, dating from 1847 to 1894, are in uncirculated, mint condition.

"I don't like to say once-in-a-lifetime for anything, but you don't get an opportunity to handle this kind of material, a treasure like this, ever," said veteran numismatist Don Kagin, who is representing the finders. "It's like they found the pot of gold at the end of the rainbow."

Kagin, whose family has been in the rare-coin business for 81 years, would say little about the couple other than that they are husband and wife, are middle-aged and have lived for several years on the rural property where the coins were found.

They have no idea who put them there, he said.

He said Tuesday they plan to sell most of the coins. They are remaining anonymous to avoid prospectors to get on their property.

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