Can you believe it – another massive find in a matter of weeks! Last time I wrote a post it was in regards to the Nibelung treasure that a metal detecting enthusiast uncovered in Germany. This time it is a Californian couple that have found a reported $10 million dollars worth of old coins!
Apparently the couple (who wish to remain anonymous) were out for a walk with their dog on their rural property when they stumbled across $10 million worth of rare, mint-condition gold coins. The coins were buried in the shadow of an old tree along a path that the couple walked many times in the past. On this particular day however, the woman decided to examine a rusty old can that was protruding from the ground.
What she found was that there was in fact more than just 1 rusty can, but a few and all of them contained mint condition gold coins – 1,427 to be exact, none of which have been in circulation. The coins have been dated between 1847 and 1894 and have a face value of $27,000 based on today’s gold price.
The real importance of the coins isn’t their gold value, but the rarity. It has been stated that some of the individual coins could fetch nearly $1 million a piece!
More recently it has been insinuated that the gold coins are actually those stolen by Walter N. Dimmick. Dimmick was accused of embezzling from the San Francisco U.S. Mint in the early 1900’s.
Dimmick began working at the mint in 1898 and by 1901 was trusted with the keys to the vaults – until an audit revealed a $30,000 shortage in $20 Double Eagle coins, six bags in all. He quickly became the prime suspect as he was the last person to see the missing gold coins and had already been caught practicing how to forge the Superintendent’s name. After a month-long trial, Dimmick was convicted of stealing the coins and sentenced to nine years at the San Quentin prison in California.
The coins that Dimmick stole were never found, leaving some to now wonder if the Saddle Ridge Hoard is the very same set of lost coins. There is certainly compelling evidence to link the two bounties. According to 1901 reports, 1,500 coins were stolen by Dimmick – only 73 coins less than the 1,427 discovered at Saddle Ridge. The dates on the coins fit the time frame and the type and denomination of the coins match too.
The couple are planning on selling the coins on Amazon, but there are some concerns around whether or not they can do so legally or if the coins need to be returned to the state. Regardless of whatever unfolds, the couple do not want to reveal their identities for fear of prospectors with metal detectors scouring their land.