First Gold Coin Sells from the Greatest Buried Treasure Ever Found in America

Pixies, unicorns, trolls, and hoards of buried treasure only exist in fairy tales, right? If a friend of yours tells you to be on the lookout for any of them it’s time to get a new friend, right?

Well, not necessarily, especially if your friend is talking about buried treasure. As you have probably heard, one of the biggest hoards of buried treasure ever found was discovered in California recently.

Here’s the Story . . .

One of the cans filled with gold coins from the Saddle Ridge Hoard © Kagin's Inc. 2014. All Rights Reserved.

One of the cans filled with gold coins from the Saddle Ridge Hoard © Kagin's Inc. 2014. All Rights Reserved.

A couple took their dog out for a walk one day and noticed an old metal can sticking out of the ground on their property. They dug it up and discovered that it was filled with old gold coins that dated back to the 1800s. They then poked around the area and found eight more coin-filled cans. By the time they were done, they had unearthed 1,427 extremely rare American gold coins.

How much are those 1,427 coins worth? Impossible to say right now, because they will be sold gradually over time and gold prices will vary. But when the first coin from the treasure was sold at auction in May, 2014, it fetched $15,000. It was an 1874 $20 Double Eagle. And remember, that was only one of the many coins from the cans.

Kagin’s Rare Coins is helping the couple sell the coins they found. If you visit the Kagin’s website, you can read more about the coins and see some beautiful images of them too.

Old Coins Can Be Worth More than You Think

They can be valuable in two ways – first, as collectibles and second, for the precious metals they contain. Whether you inherited a coin collection, have some old gold coins rolling around in your dresser drawer, or stumble upon an old coin when you are out walking your dog, you could have found something that’s worth more than you think. If you call us at 800-426-2344, we’ll help you decide what your next steps should be.

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