California woman inherits $7million in gold coins found in garage of dead cousin…

December 17, 2012 in Coins, Collecting, Gold, Gold Coins, Inheritance, Precious Metals, Silver, Silver Coins, Treasure, USA Coins, World Coins

By BETH STEBNER. 14 December 2012 (

  • Substitute teacher Arlene Magdanz officially declared rightful owner of gold coins
  • Walter Samasko Jr died with only $200 in his bank account, but officials discovered windfall of gold coins in recluse’s garage, valued at more than $7million
  • Samasko hadn’t held steady job since 1968 and used investment money to purchase coins

Officials in Carson City, Nevada have declared a California woman the rightful owner of $7.4 million in gold coins found in the home of her late cousin.

City Clerk-Recorder Alan Glover said a month’s worth of genealogical research determined Arlene Magdanz, a first cousin to the late Walter Samasko Jr., was the only living relative of the man, who died in May.

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