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Gold Coins and Silver Coins Found Buried Under A House

June 19, 2013 in Antique Coins, Coins, Gold, Gold Coins, Inheritance, Precious Metals, Silver, Silver Coins, Treasure, USA Coins

June 18, 2013 (http://www.kirotv.com)

The doors to the Bellevue store opened and in walked a family — mother, father and three children — absolutely covered in dirt. “Even their car was dusty,” says Adam Richey of West Seattle Coins and Bellevue Rare Coins. “They walked in with these filthy paint buckets in their hands, all of them giddy and grinning.”

Adam asked, “Where did you get all this?” and the father answered, “Well, we dug it up!” The family began opening the paint cans and telling him their story. Their children’s grandparents had recently passed away, and as part of their will they left a map and blueprint of the house they’d built decades earlier. On the map were the details of where to find the treasure that the grandparents had buried before building their home.

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The Local Connection To The Sale Of A Rare 1796 U.S. Half Cent

February 26, 2013 in Antique Coins, Coin Grading, Coins, Collecting, History, Inheritance, News, Numismatica, Numismatics, USA Coins

By: KomoNews.com
Recently, it was widely reported that a very rare 1796 U.S. half cent fetched a whopping $357,000 at a European auction held by Wooley and Wallis of Salisbury, England. Also known as the Liberty Cap Half Cent, this coin was certainly a prime offering as there were only 1,390 ever minted by the U.S. Mint in Philadelphia.
Untouched for the past 50 years and remaining “very much in its original condition,” the coin was found by the seller by complete accident. The original owner was Mark Hillary, an Oxford scholar, who died in a mountain climbing accident in Greece in 1963. He kept this coin in a cabinet he constructed out of glued-together matchboxes, and this is where it sat for the past half century. While housecleaning, Mark Hillary’s brother found his coin collection. Originally thinking the coins were junk, he brought them to the auction house for appraisal. While the actual value of the half cent would ultimately be determined by the open market, the coin was originally estimated to be worth between $40,000 and $47,000. Not bad for some old junk!

Although no one knows how this American gem ended up in England, it is now back on American soil thanks to our friend Bob Johnson, a Florida-based coin seller, an affiliate of the Numismatic Financial Corporation (NFC) and a friend of the family since the 1970s. Bob is a specialist in rare U.S. and foreign coins, and is one of the few dealers in the country that buys at auctions both in the states and overseas. Ryan Hoolahan, owner of West Seattle Coins and Bellevue Rare Coins, first met Bob through his dad with whom Bob did business in the ’70s. Now, 35 years later, Ryan is keeping the tradition alive, working regularly with Bob, just like his father did. Ryan credits Bob with playing a major part in making the coin business what it is today.

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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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A Gold Hoarder’s Legacy

December 22, 2012 in Coins, Gold, Gold Coins, Inheritance, Silver, Silver Coins, South Africa Coins, Treasure, USA Coins, World Coins

By Devin Leonard on December 20, 2012 (http://www.businessweek.com) (Bloomberg Business Week Market and Finance)

Walter Samaszko Jr. was not a guy who wanted company. He covered the windows of his house in Carson City, Nev., with cardboard so the neighbors couldn’t see inside. He made the postman stick the mail through the slot in his garage rather than coming to the front door. He was so good at keeping people away that when he died of heart failure at age 69 in June, nobody noticed until his house began to smell. Someone called the sheriff’s department. A hazmat team removed Samaszko along with part of the floor he was stuck to.

That’s when everybody found out why he hadn’t been more sociable: The dour, white-haired recluse had been hoarding $7 million worth of gold coins, most of them hidden in the crawl space beneath the house. Some were in an old washing machine. There were British sovereigns dating back to the 1840s, Austrian ducats, and South African Kruggerands. But mostly Samaszko had collected rolls and rolls of $20 American gold pieces, the kind with double eagles on them. He also had $12,000 in cash, a stock account worth $165,000—and $200 in the bank.

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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 (http://www.dailymail.co.uk)

  • 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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