While walking their dog, a couple from Northern California struck gold — literally.

Last spring, the anonymous couple dug up rusty tin cans with 1,427 gold coins, dating from 1847 to 1894. Nearly every coin was in mint condition and has never been circulated, according to the Professional Coin Grading Service of Santa Ana, which recently authenticated the coins.

Though the face value of the coins came out to around $27,000, the actual value according to my estimates is roughly $10-$15 Million dollars.

With so much excitement and to avoid a modern-day Gold Rush — a swarm of amateur prospectors with metal detectors in tow — the middle-aged husband and wife want to remain anonymous. They found the coins on a rural property in a hilly area of California’s Gold Country that they have lived on for years, but they haven’t released any information about the property or its ownership history. They have simply said that they live on a section of the property they have nicknamed Saddle Ridge.

The coins are going to be on display at the ANA coin show at GA this week and it looks likely that many will be sold on Amazon. However there already are rumors that something about this “discovery” smells fishy….stay tuned my coin friends!

Jonathan Lerner Revised

Jon Lerner

Jon Lerner, Scarsdale Coin president, is a recognized expert in the numismatist field. Jon has spent over 30 years collecting and evaluating coins. He is often sought out by fellow coin collectors for his advice and knowledge of rare coins.


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Scarsdale Coin

Jon Lerner, a renowned figure in numismatics, discovered his passion for rare coins in his Scarsdale, New York upbringing. With a keen eye for quality, he founded Scarsdale Coin in 1985, quickly establishing it as a premier destination for collectors. Beyond dealing, Jon is a respected speaker and prolific writer, sharing his expertise with enthusiasts worldwide. His commitment to integrity and professionalism has earned him admiration throughout the numismatic community. Jon remains dedicated to enriching collectors' experiences and preserving the legacy of rare coins for future generations.