Auction: Buried Treasure of Gold Coins Found While Walking Dog

Auction: Buried Treasure of Gold Coins Found While Walking Dog

A buried treasure of 19th century gold coins unearthed by a couple walking their dog will go on sale at the Old Mint in San Francisco on Tuesday and is expected to retrieve $10,000,000.

As reported by Breitbart News in February, the couple, while strolling across their property, first saw what looked to be a partially buried rusted can sticking up from the ground. They brought it home, opened it up, and found it filled with gold coins. With the help of a metal detector, the couple were able to dig up seven more loaded cans and by so doing uncovered what may be the largest buried treasure ever found in the United States.

SFGate reports that the 1,427 coins, which have a face value alone worth $27,980, date from 1847 to 1894. Approximately a third of them are in perfect condition and were never circulated for spending. Known as the Saddle Ridge Hoard, some have speculated that the coins were part of a heist by either Black Bart or Jesse James. Other theories suggest they were acquired in a scheme of a city treasury official or that they were stolen by an employee of the mint where the coins were made.

The first coins will be auctioned at Kagin’s at 7:30 PM, and admission is $10. One of the coins that will go on sale tonight is expected to go for $1,000,000. It is a rare 1866 $20 Double Eagle minted in San Francisco without the motto “In God We Trust” on the back. Many of the coins will be auctioned on Amazon.