A Northern California couple out walking their dog in February 2013 on their Gold Country property stumbled across a modern-day bonanza: $10million in rare, mint-condition gold coins buried in the shadow of an old tree.
Nearly all of the 1,427 coins, dating from 1847 to 1894, are in uncirculated, mint condition, said David Hall, co-founder of Professional Coin Grading Service of Santa Ana, which recently authenticated them.
Although the face value of the gold pieces only adds up to about $27,000, some of them are so rare that coin experts say they could fetch nearly $1million apiece.
'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.'
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the feds will steal HALF of this in taxes, and the state will steal another huge chunk of it. so what do we learn from this? KEEP YOUR TRAP SHUT!!! they could have sold a coin or two from time to time and attracted no attention, but they couldn't resist the urge to blab it to the world and now those brainless bloodsuckers are going to rob them blind.
ReplyDeleteOk Professor 7:48. How does one sell a coin for a million dollars and not have a paper trail? BTW, if you could find a way it would then be a federal crime - tax evasion.
ReplyDelete7:48 is exactly right. The biggest mistake these people will ever make is opening their mouths about this windfall.
ReplyDelete8:05, you're just the kind of docile, compliant, toothless and timid little nitwit the powers that be want to turn us all into. afraid to think for yourself, and eager to do as you're told and please your masters. haven't you noticed? EVERY DAMN THING is a federal crime today, and backed up by more state laws than anybody can count. we are ruled by a gang of trigger-happy control freaks who think that everyone and everything belongs to the government. if that's the way you choose to live that's your business, but i still think of myself as an individual, in the land of liberty, what's left of it anyway. and if they don't know you've got it, whether it's guns or gold, then the bastards can't take it OR TAX IT!!!
ReplyDeleteI'm with 9:13!
ReplyDeleteForget to take your meds today?
ReplyDeleteI can assure you 9:13 that I am none of the things you chose to call me because you have no valid argument other than to personally attack someone for their viewpoint. I am very well off and pay my attorneys and accountants to minimize the amount of taxes that I and my businesses pay. My average tax payments have been between 12-13% of income for the past 10+ years while enjoying multiple homes in the US and abroad. The government may not know what you have, but you sure can't spend much of it without drawing attention to yourself. IMHO, it seems kind of silly to not be able to enjoy the fruits of success. Have a good day at work tomorrow!
ReplyDelete10.38, As an outside observer to this argument, may I interject that the property in question along with all the dirt, stone, trees, houses, gold coin, and the growing grass was purchased for an agreed amount of money and taxes were paid at settlement. If some or all of what was purchased and taxed then has increased in value since said purchase, there is no requirement to pay more tax than what was first paid.
ReplyDeleteno way you can do anything without declaring it. See that's what's going on here. Let's say I have millions of dollars worth of cash laying around from an illegitimate source. I can't spend it to quickly or put it in investments or the bank this will raise red flags. But I can buy commodities like gold, etc. Say I found it in my yard then it now becomes my property and I can cash it in and actually wash it into an account legitimately!
ReplyDeleteeasy peasy! fools!
I call bs on this story!
The face value in nothing like 10 mil. $ The coins were minted by the U.S. treasury (or others) before the federal Reverse even existed. So how can they (the IRS) tax their (the citizen) on his/her income??????????????? (Per the 16th amendment go read it)
ReplyDeleteA FEDERAL TAX ON WEALTH IS NOT CONSTUSIONAL!!!!!