Couple finds Millions in rare gold coins

[slow99]

I'm going to reinvest in the community ... Psyche! I'm gonna spend it before you honkies change yo minds.

[YALE]

I'm going to reinvest in the community ... Psyche! I'm gonna spend it before you honkies change yo minds.

Hot hands in a dice game, baby girl! Eight straight days, talkin bout clackity-clackity-clack!

[dsrtuckteezy]

Hot hands in a dice game, baby girl! Eight straight days, talkin bout clackity-clackity-clack!

6 hours. rook

[YALE]

6 hours. rook

Truck driver? Nah, motherfucker. I'm a janitor. I just bought this truck straight cash. Me and my family? We set for life! I'm rich, bitch!

[zachary]

treasurenet.com

i am a member of this site, you would be amazed at how many caches like that are found!

[Woods Racing Transmission]

Honestly, it would be tough to avoid the story getting out if there were so many rare coins (especially the ones they say are worth over a million each to collectors). You'd have to get them verified some way and it'll raise some eyebrows.

Especially once they show up on Pawn Stars.

[DON SVO]

Especially once they show up on Pawn Stars.

[Sean88gt]

Surprised the gov't didn't attempt to confiscate.

[Roscoe]

It'll be considered income and they'll have to cut a check to the gub for ~$4M....

<-- would've kept it as quiet as possible and sold off over a long time...

[Sean88gt]

It'll be considered income and they'll have to cut a check to the gub for ~$4M....

<-- would've kept it as quiet as possible and sold off over a long time...

Same here. I find a satchel with any amount of cash and you won't hear shit about. I'll just slowly reduce contact with everyone and plan my exit.

[FastFox]

OK, some of the lawyers or CPA's out there......what are the real tax issues on a find like that ? After all, it is not earned income. What will happen to them ?

[Sean88gt]

OK, some of the lawyers or CPA's out there......what are the real tax issues on a find like that ? After all, it is not earned income. What will happen to them ?

Is lottery or gambling "earned"?

[Roscoe]

OK, some of the lawyers or CPA's out there......what are the real tax issues on a find like that ? After all, it is not earned income. What will happen to them ?

Some gold and silver are considered reportable so when you buy and sell, and you profit, the profit is considered income and you will have to pay taxes on it, similar to stocks without long/short.

Where they fucked up was making a big public hoopla and the Feds know it was "found" and they will pay taxes at the highest percentage of 39.6%. They will get theirs.

[line-em-up]

Surprised the gov't didn't attempt to confiscate.

Didn't the govt confiscate gold back in the early 1900's? It seems like I read a story last year where some guy found some gold and the govt tried to take it under that old confiscation law.

If I found all that gold, I would hide all of it but one coin. Then, since it was "one of a kind" rare, it would be even more valuable for some wealthy collector. After I auctioned it off and paid the taxes, I would live off of it until the money ran out. Meanwhile, the stash would increase in value even more. Then, 10 years later, after the money ran out, I would suddenly find another. Rinse, repeat.

[Big Dad]

Lord

Let me find 1400 plus gold coins, valued at 100 plus million

I'll allow the gubment to have their share, no fighting

amen