Showing posts with label Couple Who Found $10 Million in Gold Coins Could Potentially Have to Hand ALL of It Over to the Fed. Show all posts
Showing posts with label Couple Who Found $10 Million in Gold Coins Could Potentially Have to Hand ALL of It Over to the Fed. Show all posts

Why the Calif. Couple Who Found $10 Million in Gold Coins Could Potentially Have to Hand ALL of It Over to the Fed

The California couple who found $10 million in gold coins buried in their backyard last year may be forced to give up the entire stash as the coins may have been stolen from the U.S. Mint in 1900. If true, that means the coins are the property of the U.S. government.
As TheBlaze recently reported, the unidentified couple already learned that they would have to pay about half of the $10 million value of the coins in federal and state income taxes. Now they could potentially walk away with nothing after their monumental find.

The value of the “Saddle Ridge Hoard” treasure trove is estimated at $10 million or more. (AP/Saddle Ridge Hoard discoverers via Kagin’s, Inc.)