Family Finds $10 Million Treasure in Back Yard

By: NBC News
By: NBC News

"The cans were buried on slightly different levels and they were in slightly different states of decomposition. it looks to me like someone was almost using their yard or someone else's yard maybe as a savings account."

Don Kagin - Coin Expert        

Just like the 1800's we have a gold rush. But this is 2014.

A couple in the foothills of the Sierra Nevada mountain range has struck gold in a big way.

They unearthed more than 14-hundred rare coins hidden in metal cans, and the coins are worth millions.

People have brought us gold coins, rare coins, one here one there worth tens of thousands of dollars, but nothing, nothing of this magnitude.

These are just some of the 1400 gold coins discovered in the sierra foothills buried inside these rusty old cans.

Somebody obviously in the 1800s over a period of time buried all these 8 different cans of gold.

"The cans were buried on slightly different levels and they were in slightly different states of decomposition. it looks to me like someone was almost using their yard or someone else's yard maybe as a savings account.

I see someone maybe in the mining industry looking around making sure no one is watching them bury the treasure, planning on coming to get it someday and clearly he didn't make it."

The pristine coins were professional preserved. The oldest is dated 1847. Most of the collection is 5, 10 and 20 gold pieces from San Francisco, although some are from Philadelphia, Carson City and New Orleans.

There are coins from the 1870s, 1880s, 1890s that look as though they were just struck yesterday and that's incredibly rare.

"They're not just pieces of gold, like a kruger and a maple leaf, an American eagle. These are stories and history in your hand."

At the time they were buried their value was 28,000 thousand now they are worth an estimated 10 million dollars.


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