by Saddle Ridge Gold Not Part of Historical Heist

March 8, 2014 in Antique Coins, Coins, Gold, Gold Coins, News, Numismatica, Numismatics, Precious Metals, Press Releases, US Mint, USA Coins

“America’s Gold Coin Dealer” has released a statement explaining why the rare gold coins found by a couple in California are not the same coins that were stolen from the San Francisco Mint in 1901.

Fort Worth, TX (PRWEB) March 07, 2014

The Internet has been swirling with rumors that the coins found by a California couple during a stroll on their property last year could be confiscated by the U.S. government due to the fact that they were possibly stolen from the San Francisco Mint in 1901, but has issued a statement explaining why the coins most likely have a different origin.

“The coins found by the couple are dated 1847 to 1894, but it wasn’t customary for coins to remain in government depositories more than a year or two after being minted,” said spokesman Keith Kelly. “The coins that were reported stolen from the San Francisco Mint in 1901 all had similar dates and mint marks, and they were all $20 Double Eagles. What’s more, it is very unlikely that the 1866 ‘no motto’ coin found by the couple would’ve been part of the 1901 heist.”

A recent L.A. Times article hinted that the coins may have been buried by confederate loyalists Knights of the Golden Circle, and Kelly believes this theory could be true. “That group was rumored to have millions in gold and silver buried around the U.S. and they were active in California for decades after the Civil War,” Kelly said. “They were trying to finance a second Civil War which, thankfully, never happened.”

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