bigstoff
Full Member
10 million in gold coins maybe stolen. they're saying they might not be able to keep them.
loose lips sink ships
- Thread starter bigstoff
- Start date
LordOfTheZincs
Elite Member
In which case it would revert back to the original owner if I am correct........the great ole U.S. of A. That's pretty sneaky, like I said before, I wouldn't have said NOTTA! My gf thought I was nuts for saying I would have broken them all up and melted them down. I send some in, she sends some in, my son sends some in, my dog.....my cat......different return addresses.......SOMETHING!!! Those poor people 
Letz_Hunt
Senior Member
- Joined
- Nov 23, 2011
- Messages
- 283
Couple of reasons (besides them not keeping quiet) not to feel sorry for them...
1, they own property in Kali they should know by now that they are being way over taxed on income and property, and everything else they can buy or find..they know that and they willingly choose to put up with it.
2, after reading a news story in which the finders stated that they would like to share their find with the state's less fortunate citizens, I realize that they are blithering socialists who believe in wealth redistribution.
It seems that they should have no problem with the gubment taking what is theirs to give to others who have done nothing to earn it.
They get 0 sympathy points!
rant over
1, they own property in Kali they should know by now that they are being way over taxed on income and property, and everything else they can buy or find..they know that and they willingly choose to put up with it.
2, after reading a news story in which the finders stated that they would like to share their find with the state's less fortunate citizens, I realize that they are blithering socialists who believe in wealth redistribution.
It seems that they should have no problem with the gubment taking what is theirs to give to others who have done nothing to earn it.
They get 0 sympathy points!
rant over
Utahoutdoors
Senior Member
I knew they would find a way to take it from them. Too bad, maybe they will come away with a $1000.00 finders fee. The one thing I do know is the real winners will be the attorneys!
SageGrouse
Elite Member
Letz Sez: "2, after reading a news story in which the finders stated that they would like to share their find with the state's less fortunate citizens, I realize that they are blithering socialists who believe in wealth redistribution."
Wellllll... It's THEIR money, now. They can share it with whomever they like.
In their place, I'd do the same. Yep. "Blithering Socialist" Guilty as charged.
Sage(DirtyHippie)Grouse
Wellllll... It's THEIR money, now. They can share it with whomever they like.
In their place, I'd do the same. Yep. "Blithering Socialist" Guilty as charged.
Sage(DirtyHippie)Grouse
TwistedT
Elite Member
Nope not stolen.
The U.S. mint and the grader both said these are not the stolen coins.
Coins that were found were dated years prior to the theft.
Just a coincidence
The U.S. mint and the grader both said these are not the stolen coins.
Coins that were found were dated years prior to the theft.
Just a coincidence
GKman
Forum Supporter
Unlikely but possible is that this guy back in 1901 or whatever could have swapped the coins out so that in the end they wouldn't appear to be the same ones that were stolen. If so he just helped this couple out a lot.
TwistedT
Elite Member
Like you said unlikely but possible.
Its a shame the gov't wants to get half of the money - still $5 million aint bad.
She calls you nuts, I'd call you borderline retarded. LOL.
I agree though, one thing is certain...I would've kept my mouth shut! Then I would fondle double eagles all night every night.
O'Rork
Junior Member
Way back to 1900. Wages were dismal, $27,000.00 in a savings hoard was believably unobtainable. Per a conversation with a coworker, the date run of the coins is basically 40 years. Could someone have saved that much? Lets see 40 years, $27,000.00 = $12.98 a week!....No Way!
Obviously the cache is from a heist. Coincidently, $30,000.00 was stated as taken from the mint. That number could have been trumped up or legit, doesn't matter. The difference of $3,000.00 could be explained...The finders researched local history looking for a heist in the time of the coins. They find the mint job. The finders may have had all the $30k and decided to not disclose the last few years of the coins. They may not have been there at all.
Consider the condition of the coins...mint! That says enough for me to believe without doubt the cache IS the mint job.
How would I have handled it? Not absolutely sure, although a broadcast statement would have never happened. Probably would have peddled them slowly. The no motto 66 would have been a hassle to explain.
Obviously the cache is from a heist. Coincidently, $30,000.00 was stated as taken from the mint. That number could have been trumped up or legit, doesn't matter. The difference of $3,000.00 could be explained...The finders researched local history looking for a heist in the time of the coins. They find the mint job. The finders may have had all the $30k and decided to not disclose the last few years of the coins. They may not have been there at all.
Consider the condition of the coins...mint! That says enough for me to believe without doubt the cache IS the mint job.
How would I have handled it? Not absolutely sure, although a broadcast statement would have never happened. Probably would have peddled them slowly. The no motto 66 would have been a hassle to explain.
TwistedT
Elite Member
Well then that settles it - if you say its from the mint theft it must be, even though the U.S. Mint says it isn't and they are not pursuing it any further.
digginupbones
Full Member
GeneralQuarters
Elite Member
I would have said absolutely nothing to no one. The coins worth under 10000 dollars I would have sold to a dealer one at a time for cash. The others, I would give to my favorite charities, at my choosing anonymously. They could sell them tax free because they are non profits. Even if I gave most of them away, I would still be comfortable and the Bloodsuckers (Government) couldn't just pour it down the drain. The coins don't belong to them and they don't have the right to tax the coins. Would we think the IRS should tax us on the coins we find each year? No way. May happen some day, there will be a line on your W-4 where we will be required to declare our finds!
dirt weasel
Full Member
- Joined
- Apr 19, 2010
- Messages
- 232
All as I can say is you have to start buy putting yourself back in the time when this was buried... It was a whole different world and way of thinking..
Imagine a place in time when paper money was not trusted and used very little, all pay, all retirement $$, no social security, no welfare, all purchases, all savings, all transactions, are done almost exclusively in PM's. Everything you own or do requires a physical transaction of wealth... no digits on computers no cash and banks which you may or may not trust (uninsured) could be days travel to make a simple transaction. Imagine a demand for gold coins so great the government mints can't meet the demand so they let private mints start up and stamp millions of coins of all sizes just to keep the economy moving. Now your in California during this period... Got gold???
If you can put yourself in this place you will start to realize how absolutely essential Gold was for every person who lived during this time.
Your coworker was way off, there were rich, poor and everything in between throughout our history and this would be likely just another upper middle class working smuck, with a everyday savings plan. Add in a also normal and rightly so, distrust of banks.
digginupbones
Full Member
Actually, you are supposed to report your finds as income and pay tax on them. I won't hazard a guess as to how many people do, but...
Bayoutalker
Elite Member
I could surely afford to do so. My total finds would not change my income tax a bit!
Hook
Elite Member
so.....tell us. do YOU report your finds and pay taxes on them?
digginupbones
Full Member
Given that I got my first detector after everything was frozen solid and have yet to take it out hunting, I can honestly say I have no finds to report.
SageGrouse
Elite Member
I did. Since it was under $20.00, my tax preparer stared at me "Uh... what else did you find?" I reported the one silver earring, potential value perhaps $3 worth of silver. She's used to me, though.
SageGrouse
