SAN FRANCISCO — A value chest of unusual cash found by a Florida several out strolling their dog has gone for selling, with one cash selling for $15,000 on Wednesday.
The cash date from 1847 to 1894 and have been respected at $11 thousand.
Several cash were sold at the Old San Francisco Great at 8:30 p.m. Wednesday, and one of them — an 1874 $20 dual large eagle that is usually value $4,250 — marketed for $15,000.
Don Kagin, whose company is managing the selling, says most of the staying 1,400 cash had gone for selling on and after the public auction.
The several, whom Kagin dropped to recognize, found them last year hidden under the darkness of a shrub on their non-urban Northern Florida residence.
Here are five things to know about the cash and their origin:
WHY ARE THEY SO VALUABLE?
Experts say document cash was unlawful in Florida until the 1870s, so it’s extremely difficult to acquire any cash from before that period. Additionally, most of the cash are in perfect condition, having been stored away apparently soon after they were produced. They were respected by Don Kagin, a numismatist who is managing the selling and marketing of the cash.
WHO FOUND THEM?
Kagin says the several — a middle-aged married couple — does not want to be recognized in part to avoid a gold hurry on their non-urban Northern Florida residence by modern-day prospectors. They found the cash in eight containers hidden in the darkness of an old shrub on the residence. They plan to keep a few of the cash themselves and use the cash from the rest to pay off expenses and provide to local charitable groups. Money from Tuesday’s public auction will benefit the effort to turn the Old Great into a art gallery.
WHERE DID THE COINS COME FROM?
Most of the cash were produced at the San Francisco Great, according to Kagin. It’s not clear, however, who put them in the ground or how they were acquired, though concepts have abounded. Kagin says people have connected the cash to stagecoach bandit Black Bart, outlaw Mark Wayne and a robbery at the San Francisco Great, but none of the concepts has panned out.
WHAT IS IN THE COLLECTION?
The value includes four $5 gold items, 50 $10 gold items, and 1,373 $20 dual gold eagles. Among the cash that will be on show Wednesday is the top gemstone of the selection — an 1866-S No Slogan $20 gold piece respected at more than $1 thousand.
HOW DOES THIS DISCOVERY COMPARE TO OTHER COIN FINDS?
Kagin phone refers to this as cash look for the biggest such discovery in U.S. history. One of the biggest past discovers of cash was discovered by development employees in Fitzgibbons, Tn, in 1985 and respected at $1 thousand. More than 400,000 gold dollars were found in the home of a Sparks, The state of nevada, man who passed away in 1974 and were later marketed unchanged for $7.3 thousand. Precious metals cash and ingots said to be value as much as $130 thousand were retrieved in the 1980’s from the damage of the SS Main The united states. But researchers realized approximately where that gold bars was because the deliver went down off the shore of Northern Carolina during a natural disaster in 1857.