$1M in Buried Coin Trove Found by Dog-Walkers Snapped Up in First Hour on Amazon

Gold Rush-Era Hoard Found by California Couple

kagin's

By Reuters

Published May 29, 2014.
  • Print
  • Share Share

About half of a roughly $11 million collection of 19th century gold pieces unearthed by a California couple has been sold, an organizer said on Wednesday, with sales at Amazon.com surpassing $1 million in just the first hour.

Some 1,400 coins were put on sale beginning on Tuesday by San Francisco-area numismatic firm Kagin’s Inc.

The pieces were available at Amazon.com and Kagins.com, with 60 of them put up on display at the mint where the vast majority of the coins were struck in San Francisco.

A California couple, who have remained anonymous, found the coins under a tree while walking their dog on their property in the state’s Sierra Nevada mountain Gold Country, where prospectors and miners converged to seek their fortunes in the state’s 1849 Gold Rush.

The collection, named the Saddle Ridge Hoard for the area where it was found, is in nearly mint condition and contains pieces struck from 1847 to 1894.

“It was someone’s savings account by the oak tree,” said David McCarthy, a coin specialist with Kagin’s Inc.

Organizers listed for sale on Wednesday a unique 1866 coin that is missing the motto “In God We Trust,” McCarthy said. The mint in San Francisco at the time did not have the capacity to inscribe that phrase, he said, even though the U.S. Congress had made it a part of the currency.

The collection had initially been expected to sell for over $10 million, but organizers have since increased that estimate to over $11 million.

The couple found 1,427 coins in all and for sentimental reasons they kept a few, but McCarthy would not say how many.

After the coins were listed on Amazon.com on Tuesday night, sales surpassed $1 million within the first hour, he said, with a total of 346 coins sold at that site so far.

At Kagin’s website, 225 coins were sold by midnight on Tuesday for a total of $2.4 million, he said.

While the total number of coins sold amounts to about half the collection of 1,400 pieces, many of the more expensive pieces remain up for sale.

The first coin in the sale, a $20 Double Eagle coin from 1874, was bought for $15,000, by Ray Lent, a partner with Placer Partners, which is involved in plans to restore the mint and make it a museum.


The Jewish Daily Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. In the interest of maintaining a civil forum, The Jewish Daily Forwardrequires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and The Jewish Daily Forward reserves the right to remove comments for any reason.





Find us on Facebook!
  • “Everything around me turns orange, then a second of silence, then a bomb goes off!" First installment of Walid Abuzaid’s account of the war in #Gaza:
  • Is boredom un-Jewish?
  • Let's face it: there's really only one Katz's Delicatessen.
  • "Dear Diaspora Jews, I’m sorry to break it to you, but you can’t have it both ways. You can’t insist that every Jew is intrinsically part of the Israeli state and that Jews are also intrinsically separate from, and therefore not responsible for, the actions of the Israeli state." Do you agree?
  • Are Michelangelo's paintings anti-Semitic? Meet the Jews of the Sistine Chapel: http://jd.fo/i4UDl
  • What does the Israel-Hamas war look like through Haredi eyes?
  • Was Israel really shocked to find there are networks of tunnels under Gaza?
  • “Going to Berlin, I had a sense of something waiting there for me. I was searching for something and felt I could unlock it by walking the streets where my grandfather walked and where my father grew up.”
  • How can 3 contradictory theories of Yiddish co-exist? Share this with Yiddish lovers!
  • "We must answer truthfully: Has a drop of all this bloodshed really helped bring us to a better place?”
  • "There are two roads. We have repeatedly taken the one more traveled, and that has made all the difference." Dahlia Scheindlin looks at the roots of Israel's conflict with Gaza.
  • Shalom, Cooperstown! Cooperstown Jewish mayor Jeff Katz and Jeff Idelson, director of the National Baseball Hall of Fame, work together to oversee induction weekend.
  • A boost for morale, if not morals.
  • Mixed marriages in Israel are tough in times of peace. So, how do you maintain a family bubble in the midst of war? http://jd.fo/f4VeG
  • Despite the escalating violence in Israel, more and more Jews are leaving their homes in Alaska to make aliyah: http://jd.fo/g4SIa
  • from-cache

Would you like to receive updates about new stories?




















We will not share your e-mail address or other personal information.

Already subscribed? Manage your subscription.