User Login    
 + Register
News : California Gold Discovery Spurs Rush Of Theories
Posted by Randy on 2014/3/5 4:39:36 (327 reads) News by the same author

LOS ANGELES (AP) -- Word last week that a Northern California couple found $10 million in gold coins while walking their dog has set off a Gold Rush of theories over who left behind all that loot.

Click to see original Image in a new window

One is that Jesse James' gang deposited it in hopes of someday financing a second Civil War. Another postulates that the gold originally belonged to gentleman robber Black Bart, who wrote poetry when he wasn't sticking up stagecoaches.

But the theory gaining the most traction this week is that the hoard is made up of most of the $30,000 in gold coins that Walter Dimmick stole from the U.S. Mint in San Francisco in 1901. The coins were never recovered.

That theory, from fishing guide and amateur coin historian Jack Trout, set off a flurry of calls to the U.S. Mint after it was reported by the San Francisco Chronicle on Monday.

The Northern California couple's coins are called the Saddle Ridge Hoard after the area of the couple's land where they were discovered.

"We do not have any information linking the Saddle Ridge Hoard coins to any thefts at any United States Mint facility," mint officials said in a statement issued Tuesday.

Although Trout acknowledges he can't prove his theory, he still thinks he's right.

"There is no real direct proof, but I am getting more research in on this," he told The Associated Press by phone Tuesday from Chile, where he lives part of the year.

Dimmick is said to have spirited six sealed bags - each filled with 250 $20 gold pieces - out of the mint, where he was the chief cashier.

The Saddle Ridge Hoard contains 1,400 $20 gold pieces, 50 $10 gold pieces and four $5 gold pieces, with a range of dates beginning in 1847 and extending to 1894.

Don Kagin is a rare coin dealer who represents the couple who stumbled upon the coins, which have a face value of about $28,000. He said the San Francisco Mint heist was one of the first possibilities he and his staff checked out.

Even if the mint had coins on hand covering a span of 47 years, which is unlikely, those in the hoard include some so badly worn that they wouldn't have been there, said David McCarthy, Kagin's chief numismatist.

Another coin, dated 1876, was in such pristine condition that it wouldn't have been there either.

"It doesn't have a single marking on it," McCarthy said. "That coin couldn't have sat in a bag in the San Francisco Mint and looked like that. It would have had what we call `bag marks' all over it."

As for some of the other theories:

- The Jesse James one fails to account for the fact the Missouri outlaw died 12 years before the last coin was struck and was born the year the first one was.

- Black Bart robbed stages only between 1877 and 1883, when he was caught and sent to prison.

The finders, who have chosen to remain anonymous, have their own theory.

They've done some research, Kagin said, and believe their property in California's Gold Rush country was occupied at the time by someone in the mining industry. That person must have squirreled away the coins over time.

Why the owner never came back for the coins, well, that's another mystery.

Printer Friendly Page Send this Story to a Friend Create a PDF from the article


Other articles
2015/4/22 10:41:35 - Young Family Trusts To Benefit NCMC Students
2015/4/22 10:01:35 - Herrera Suspended, Ventura Fined For Throwing At Lawrie
2015/4/22 9:50:00 - Plattsburg Girls, Trenton Boys Win Team Titles At TMS Relays
2015/4/22 8:34:10 - Hog Farm Dispute Brings Large Audience To Grundy County Courthouse
2015/4/22 8:30:00 - Chillicothe Boys Win Cameron Relays, Trenton Girls Finish Third
2015/4/22 8:28:38 - Hornets Sweep Bulldogs In Varsity Tennis
2015/4/22 8:20:18 - Trenton Golfers Beat Chillicothe In Tuesday Duel
2015/4/22 8:12:56 - Applications Being Sought For Livestock-Related Honor
2015/4/22 8:02:57 - Route A, In Southwest Mercer County, To Close On Thursday
2015/4/22 7:54:05 - Highway Patrol Sergeant Recognized For Life-Saving Efforts During September Flooding
2015/4/22 7:44:27 - Oklahoma Rape Suspect Arrested Along I-35 In Northwest Missouri
2015/4/22 7:38:43 - University Of Missouri Receives Bomb Threat, "All Clear" Issued
2015/4/22 7:33:15 - Maryville Teen Passes Away After Monday Night Wreck
2015/4/22 7:30:00 - Maysville Woman Dies In Gentry County Accident
2015/4/21 18:08:10 - Mizzou Adds Illinois JUCO Duo To 2015-2016 Hoops Roster
2015/4/21 18:03:06 - NCMC Swept In Baseball Double-Dip At Crowder
2015/4/21 17:55:16 - Trenton's Croy Challenges Strong Helias Squad At Macon Tournament
2015/4/21 17:50:06 - LeBlond Dominates Tennis Duel At Trenton
2015/4/21 17:50:00 - NCMC Softball Seeded #4 In Region 16 Tournament
2015/4/21 9:50:00 - TMS Boys Win Brookfield Relays
2015/4/21 9:40:00 - Trenton's "City-Wide Garage Sales" Coming Saturday
2015/4/21 9:30:00 - Animal Feeding Operation Proposed In Rural Grundy County
2015/4/21 9:29:09 - New Date Set For Grundy County Murder Trial
2015/4/21 9:20:00 - Putnam County Accident Injures Lucerne Man
2015/4/21 9:13:30 - Gallatin Native Ties Masters Champion In PGA Event
2015/4/21 9:10:00 - Linn County Accident Sends Two To Columbia Hospital
2015/4/21 9:07:09 - Webb City Offensive Lineman Verbals To Mizzou
2015/4/21 8:15:57 - Royals Recall Calixte From Omaha, Demote Fuentes
2015/4/20 14:00:57 - Chillicothe Police Arrest Man On Marijuana Possession Charges
2015/4/20 11:29:17 - Speed Limit For U.S. 65 In Trenton Drops To 45 MPH



Bookmark this article at these sites

                   

Listen to KTTN-FM