TJay
Senior Member
Pretty cool story, a Kentucky farmer finds over 700 Civil War era gold and silver coins while plowing.
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The Kentucky hoard, farmer finds coins in cornfield
- Thread starter TJay
- Start date
fishfryer
frying fish driveler
Wow!Pretty cool story, a Kentucky farmer finds over 700 Civil War era gold and silver coins while plowing.
fflintlock
Useles Billy’s Clubhouse Maintenance man
Dang!
I ain't so sure I'd a told anyone about that.
I ain't so sure I'd a told anyone about that.
Batjack
Cap`n Jack 1313
Yeah, like that Confederate gold mine the F.B.US took away from those folks that found it a few years back.
fflintlock
Useles Billy’s Clubhouse Maintenance man
Exactly!
pjciii
Senior Member
Did he replant those coins to see if he could get a better yield?
SarahFair
Senior Member
Makes you wonder who buried it, where they got it, and why they never reclaimed it.
Redbow
Senior Member
I would love to know the story behind that also.
And how hard would it be to sell the coins without the state finding out about him selling them, or even the federal government. Someone would more than likely spill the beans about the coins some way or some how. I wonder if a buyer would get into trouble if it wasn't reported?
True
SarahFair
Senior Member
There are some very well off and serious civil war collectors out there, many right here in the state of Georgia.
If you know the right people you could very quietly sell it off, but I suspect theyd bring more value with the story behind them, how it offsets in taxes, in not sure.
Redbow
Senior Member
Yes, but you are required to pay taxes on income and I imagine the state of Kentucky would view a big find of gold and silver coins as taxable. If you find gold in Florida the state will get their share, just look what Mel Fisher had to pay the state for finding all that Spanish Gold out in the Ocean.
There have actually been a lot of cases like this over the years. People going off to war buried their stuff, went off to war and got killed, and it's still buried there until somebody stumbles across it.
TJay
Senior Member
Talk about a life altering day. You wake up and go work your fields like always and then "what the heck is that???"
oldfella1962
Senior Member
The "Ghost Hunters" TV show will be all over this very soon, no doubt!
mallardsx2
BANNED
The right buyer would pay a LOT of money for something like that.
fishfryer
frying fish driveler
The first thing to do would be hire a lawyer well versed in that type of law.
Redbow
Senior Member
I think I might take my detector and go lookin' in a few corn fields around here. There were Civil War Soldiers in our area and Pirates of course.
I will ask permission first.
SarahFair
Senior Member
My point was, you could sell it off for say $1000 per coin "quietly" (aka, not letting the government know about it) or you could have it authenticated and a story published about it, thus possibly raising the price to maybe $1500 per coin..
I was just stating I'm not sure if all the hoopla is worth the extra money because of the taxes seeing as I'm not sure of the state and federal taxes on found treasure, then getting taxed again for selling it.
gobbleinwoods
Keeper of the Magic Word
Next I would buy a metal detector
