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Rest in Peace
United States
18456 Posts |
Fascinating , but I don't think I would bury my collection in my backyard .I would be worried sick of environmental damage .  |
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Pillar of the Community
United States
744 Posts |
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That's one hoard story I'm not sure I believe. It's possible but it's also a great way to get some more interest in those coins My grandfather passed away in 1973. After a couple of months my grandmother asked me if I would help her pack up his clothes to give them to purple heart vets. He use to roll you his socks and I unrolled a pair and a $20 bill popped out. I then went back and went through every pocket in his pants, shirts, suit coats, and when I got done, there was almost $2000 hidden in his clothes and my grandmother no clue he had done that. People from that era (great depression) did not trust banks so it was common to hide things. |
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Bedrock of the Community
13014 Posts |
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My grandfather passed away in 1973. After a couple of months my grandmother asked me if I would help her pack up his clothes to give them to purple heart vets. He use to roll you his socks and I unrolled a pair and a $20 bill popped out. I then went back and went through every pocket in his pants, shirts, suit coats, and when I got done, there was almost $2000 hidden in his clothes and my grandmother no clue he had done that. People from that era (great depression) did not trust banks so it was common to hide things. I certainly get that, it's not the fact that things were hidden around that make me have serious doubts about this one. There's a lot that just doesn't make much sense from the condition of proofs to the choice to use ANACS ect. My gut is just saying this seems like a marketing/promotional effort here. There's also the big elephant in the room that if the father had Alzheimer's and forgot that he had buried it ect, how would the son have known to start digging up the back yard if he was only told to look under the porch ect. The son is also familiar enough with coins that a few minutes checking prices which he presumably knows how to do would show that ANACS is the last service you would want to use for those. There's just a lot here that doesn't add up to me that seems like there is a good possibility that it's an effort to increase interest in them or promotional for a company. |
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Pillar of the Community
United States
3843 Posts |
I wonder how they determined that the coins were buried in 1994?
I've been to estate auctions where the auctioneer and his staff had to go through everything because they kept finding stashes of cash and silver coin hidden in random pieces of furniture and personal goods. I think they ended up find over $20,000 in cash and several hundred face in silver coin.
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Moderator
 United States
189203 Posts |
Very interesting.  |
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Pillar of the Community
United States
744 Posts |
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There's just a lot here that doesn't add up to me that seems like there is a good possibility that it's an effort to increase interest in them or promotional for a company. I see your point too. To Have "Chicago Hoard" on the slabs would probably increase the value... |
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Pillar of the Community
United States
3343 Posts |
Over the years, I told my dad that he could get a safety deposit box for free. He didn't pay any attention.
After he died, we found his coin hidey-hole in an alcove next to the fireplace. His mint sets had been loaded into grocery sacks and piled behind glass bottles full of rocks he'd collected. The rocks went into the driveway. The mint sets were sold for $15,000 to the local coin dealer.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Bedrock of the Community
United States
20753 Posts |
And all of those found coins were UNSEARCHED too
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Bedrock of the Community
Canada
24885 Posts |
Very interesting ,thank for sharing the article.
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Pillar of the Community
United States
2589 Posts |
I got excited when I saw the words "holdered" 1876 proof set, I thought they meant it was in an original mint issue holder, which is absurdly rare for any issue prior to 1936. Alas, its just a regular capitol holder.
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Pillar of the Community
United States
4233 Posts |
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I wonder how they determined that the coins were buried in 1994? It only says that in a photo caption, and from my experience the people who write the captions barely understand anything about the overall story. I don't find the ANACS choice that unusual either - the article says he brought the coins to the convention/show, and ANACS is usually the only grader with a presence at these things. Overall I don't find the story that farfetched. |
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Bedrock of the Community
13014 Posts |
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I don't find the ANACS choice that unusual either Why? He is a collector in another area where market reading abilities should be there, then picks a company not worth the fee? |
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Pillar of the Community
Canada
1267 Posts |
 ANACS is an odd choice, as it also excludes CAC. Combined, that is a lot of money potentially left on the table (assuming that after the conservation any would CAC). Edited by hadleydog
08/07/2018 04:00 am
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Valued Member
United States
58 Posts |
That is amazing! Hopefully they can find it all.
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Pillar of the Community
United States
4212 Posts |
But then, it could be a ploy if his estate or heirs were contemplating selling the property.
If Medicaid payed for his dementia care,(can be 150K/yr or more) those coins are subject to asset recovery.
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Posted 08/05/2018 9:47 pm
