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Auction set for gold coins found in recluse’s garage

January 30, 2013 in Coins, Collecting, Gold, Gold Coins, Inheritance, Precious Metals, Treasure, USA Coins

By Cy Ryan Tuesday, Jan. 29, 2013 (http://www.lasvegassun.com) Las Vegas Sun.

CARSON CITY — Uncle Sam is going to get first crack at $7.4 million in gold coins left hidden away by a recluse who died without a will.

District Judge James Wilson today set a date of Feb. 26 to auction off some of the gold coins to pay off $800,000 in inheritance taxes due in March.

The rest of the estate will go to Arlene Magdanz of San Rafael, Calif., a first cousin of Samasko who was determined to be his only living relative.

Samasko, who lived alone on $500 a month from stock investments, died in May at his home in Carson City. It was a month — only after neighbors complained of an odor coming from the house — before anybody realized he had died.

During a cleanup of his house, 2,695 gold coins from various countries were discovered in boxes in the garage, among cartons of tuna.

The auction will be held at the courthouse.

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