$10,000,000 Saddle Ridge Hoard (Official Topic)

They did not make the federal reserve system until the early 20th century (I think it was 1913) I think that a collector put this set together and maybe they were robbed and buried there to be retrieved at a later time....

That would be cool.

Executive Order 6102:

...on or before April 28, 1933, except the following:

(b) Gold coin and gold certificates in an amount not exceeding in the aggregate $100 belonging to any one person; and gold coins having a recognized special value to collectors of rare and unusual coins.

Yep, somebody has gotten some really, really bad advice there. They would do much better selling through a major auction house where I'm sure they could get great rates just so the company could reap the publicity value.

Best Regards,

If they do tax them, it should only be assessed on the face value.

Still, I would be more than happy with $5,300,000.

My problem is knowing how inefficient our government is. Their $4,700,000 take would evaporate like pure acetone, leaving nothing behind to show for it.

I know that, I was just being a devil.

That would be nice of them though

VT said


This could happen but, I would like to know how legally?
Has there been any historical events that could answer this find?
ie. bank robber, stolen money or an eccentric person

It is called " windfall tax " if you come into possession of valuable goods, they get taxed. These people will be taxed income tax, just like you and me, on the income they make off the sale. Lottery winnings are a "windfall" tax also, as well as Las Vegas winnings. Getting Ten Million dollars from a Vegas progressive slot machine or finding it in the ground, it is the same thing, it's a windfall, it gets taxed.




The Kagin family has been in numismatics since 1933, they deal in rare coins every day. They are not idiots. You know they shopped these coins around and got the best deal for the people and themselves. Amazon probably gave them the best percentage of the profits. Heritage probably wanted to fee them to death.

Plus , we are not talking 1 rare coin here, or a collections of coins of differing varieties and years. We are basically talking about the 1400 plus coins, not just one " best know ", but hundreds of best known examples.

If I wanted top dollars for one rare coin, I would put it on Heritage/Great Collections, if I want crazy money for 500 coins, I have Mike Mezack sell them on HSN Coin Vault. Point being, with Amazon, here is the coin, here is the price, take it or leave it. You know that Kagin's has an angle.