$10m USD of rare Gold coins found in California

An American Gold Coin from 1886
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A Californian couple have discovered a hoard of uncirculated Gold coins which has an estimated value of $10,000,000 USD. The collection is thought to be the biggest find of buried treasure in the history of the United States of America.

The find was made last February whilst the couple were walking their dog through a section of their property after spotting a rusting can under an old tree. On further investigation, it was found to contain many rare 19th century Gold coins. The tree was dug up to unearth over 1,400 coins, many of which were found in pristine condition, dating between 1847 and 1894.

Although the hoard has a cumulative face value of $28,000, experts have said that due to rarity and condition, the collection is expected to fetch at least $10m, around £6m GBP.

The couple have chosen to remain anonymous and plan to sell around 90 per cent of the coins. They have stated that they will donate some of the proceeds to local charities that support the homeless and hungry in their area, as well as pay off their debts.

News source: Independent.co.uk.


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