Theory about where the Calif. $10M gold coins originated

SAN FRANCISCO, Calif. (KGO/CNN) – A California couple that found ten million dollars in gold coins on their property may get to keep them.

It turns out they weren’t stolen and the government has no claim to them.

Dr. Donald Kagin has the world’s only PhD in numismatics, the study of money and it’s history. Last week, he showed us the stash, found in cans, on the Gold Country property of a couple that prefers to remain anonymous.

Then, an amateur coin aficionado named Jack Trout floated a theory that they might have been stolen from the U.S. Mint.

More specifically, the missing loot of a San Francisco Mint employee named Walter Dimmick, who was convicted for stealing 30-thousand dollars worth of gold coins from the mint’s vault over a long period of time.

Problem is the coins don’t match. A five dollar piece, for instance, came from a mint in Georgia, not San Francisco.

As late as this afternoon, a spokesperson for the United States Mint told us, and Mr. Kagin, that the U.S. government has no claim to this money.

When Jack Trout heard that, he was actually relieved.

“There is no way the government should come in and take these people’s coins. They dug them up, found them, it’s their property, cut and dry,” Trout said.

If not before, certainly now.

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