Couple’s $10M Gold Coin Find Could Be From 1901 San Francisco Mint Heist

goldFinders keepers, right? Maybe not in the case of a California couple who found $10 million in gold coins while hiking with their dog. A newly found century-old news item has shed light on where the huge treasure may have originated.

Update: The Mint has weighed in and says that these coins did not come from the 1901 heist.

Last year, while walking on their property the couple noticed a rusted, half-buried can. Taking a closer look they found the can housed mint-condition gold coins. In all, the couple found six cans containing 1,427 gold coins valued at $10 million.

But, now, new information about the treasure’s origins may put a damper on the couple’s plan to sell the coins, the San Francisco Chronicle reports.

A Northern California historian claims to have found a connection between the coins and the unsolved 1901 gold heist at the San Francisco Mint. If the coins are indeed those stolen from the Mint, the couple may be entitled to a finder’s fee but they likely won’t be able to keep the haul.

The coins’ face value of $27,000 and the fact that the coins are mostly in chronological order, meaning they were never circulated, match what is known about the heist.

Additionally, the coins’ unearthing adds credibility that the heist was likely an inside job at the Mint.

One of the coins included in the find, an 1866 Liberty $20 gold piece, does not include the words “In God We Trust” leading historians to believe the coin was from someone’s private collection.

“This was someone’s private coin, created by the mint manager or someone with access to the inner workings of the Old Granite Lady (San Francisco Mint),” the historian tell the Chronicle. “It was likely created in revenge for the assassination of Lincoln the previous year (April 14, 1865). I don’t believe that coin ever left The Mint until the robbery. For it to show up as part of the treasure find links it directly to that inside job at the turn of the century at the San Francisco Mint.”

SF heist at turn of century may explain buried gold [San Francisco Chronicle]

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  1. Kohei says:

    You’d think this would boil down to more than one expert opinion. I speculate that the coins were accidentally dropped at the location by a nervous rabbit being chased by a long mustachioed, ornery outlaw with a thing against gold coin carrying rabbits. Absurdity abounds.

  2. CommonC3nts says:

    This is why you dont tell anyone and you cash them in on the gold market as gold for your $10 million.

    • MathManv2point0 says:

      Except it seems that some of the $10 mil value comes from the fact that they are coins and not just the gold value. But I hear ya’ – melt them down and sell!!!

      • CzarChasm says:

        Assuming they were all 1866 $20 Liberty gold pieces they would be worth a bit over 1.8 Mil melted. It sounds like they were mixed coins though so I’d assume they are probably only worth half to a third of that amount. Still a decent haul, but nowhere near $10 Mil.