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Trending: California Couple Stumble Upon $10 Million in Gold

"...this family literally found the pot of gold at the end of the rainbow," a rare coins expert said of the discovery, which is being touted as the largest ever buried treasure unearthed in the United States.

More than 1,400 gold coins were discovered by a Northern California couple while they were out walking their dog. Photo courtesy: Kagin’s, Inc. of Tiburon, Calif.
More than 1,400 gold coins were discovered by a Northern California couple while they were out walking their dog. Photo courtesy: Kagin’s, Inc. of Tiburon, Calif.
By Renee Schiavone

It was just a normal day for one Northern California couple who were out walking their dog on their property in California's Gold Country when they spotted something unusual last year.

While on a trail they had walked nearly every day for years, they spotted a partially buried can, and decided to pry it out of the earth with a help of a nearby stick.

"The can was unusually heavy, but nothing could have prepared them for what they would find when they pried the lid open: mixed in with dirt and stones, they could see the edges of numerous U.S. $20 gold pieces—a literal pot of gold!" an announcement from a Tiburon rare-coin agency representing the couple said Tuesday.

Upon discovering the gold, the couple headed back out to the site to see if lightning could strike twice-- and it did, seven more times.

"... immediately [they] located the remains of another can, buried a bit deeper and about a foot to the left of the first can,"  the announcement from the numismatic firm said.   "Rust had consumed about half of the can’s sides, exposing another cache of gold coins.  Repeated trips to the site (and the help of a metal detector) eventually uncovered a total of eight cans filled with over 1,400 rare U.S. gold coins."

In total, the couple had found almost 1,400 $20 gold pieces, fifty $10 gold pieces and four $5 gold pieces, all of which were struck between 1847 and 1894, and believed to have been buried for more than 100 years, according to Kagin’s Inc.

“What’s really significant about this find,” noted Donald Kagin Ph.D., president of Kagin’s Inc. of Tiburon, “is that unlike other hoards and treasures, this one includes a great variety of dates, many of which are in pristine condition; add to that a wonderful human interest story: this family literally found the pot of gold at the end of the rainbow.”

Kagin believes this is the largest buried treasure ever unearthed in the United States.  Though the face value of the coins is approximately $28,000, experts say the collection could go for more than $10 million.

Kagin's agency isn't saying exactly where the couple lives or when they found the treasure, as the man and wife wish to remain anonymous. 

The find has been dubbed the "Saddle Ridge Treasure," named after a feature on their property in Northern California. 

Approximately 90 percent of the coins will be sold through Amazon’s collectibles store at a later date, in an exclusive partnership with Kagin’s, Inc, the firm said.

Trending on Patch is a category showcasing popular stories from across Patch's network of 900 local news sites.
Robert Norwood February 28, 2014 at 01:03 PM
Carl - "That's the stuff dreams are made of", that's what the IRS is saying right now. When the IRS is through taking 49%, and Caliphoniya gets through with their grab those folks will be heart broken. They found all of it and got to keep a fraction. Let that be a lesson when you find money keep your mouth shut. Their internet fame is worth $0.0, silence is golden - pricless.
rubberband February 28, 2014 at 01:22 PM
^What he said, Don't tell ANYBODY....And Carl, it's too late for you....I suck at digging, and I have no metal detector. I am now just going to lurk in the shadows and tail you. Bwahahaaa.
Robert Norwood February 28, 2014 at 01:48 PM
Ken, I feel bad - you must be from Detroit or some such place. Surprised you didn't get mugged for that .02 of a dollar. Oh, wait, dollar is only worth 79 cents or less. I need a calculator. And to think I once laughed at the Euro. If the dollar sinks any deeper we'll have to put Obama's face on it. But we better hurry - he's already been nominated for a stamp - the food stamp. Oh - wrong stamp....
gina March 01, 2014 at 10:47 AM
@Carl virden can u email me please crystalscorazon@Gmail. Com thank u

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