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(PJ Media)   That couple that found $10 million in gold coins? They might not lose 50% to the government. They might lose all of it to the government -- except for a 25% finder's reward   (pjmedia.com) divider line 250
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16350 clicks; posted to Main » on 04 Mar 2014 at 6:50 AM (28 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-03-04 05:49:34 AM
Subbs sounds vaguely surprised. I am sure the coins did not belong to the couple, so why would the real owner simply accept the loss after they have been recovered. Possession really does not mean ownership, no matter how often the cliche is trotted out
 
2014-03-04 06:54:16 AM
Or they could have laid low and cashed them in one at a time but they had to be attention whores.

Duh.
 
2014-03-04 06:54:39 AM
dumbasses for saying anything
 
2014-03-04 06:55:24 AM
That's what happens when you advertise your good fortune!

Government taketh away!
 
2014-03-04 06:56:55 AM
Two words: "Prove it."
 
2014-03-04 06:57:19 AM
Wow. The comments in that article are weapons grade retarded.
 
2014-03-04 06:59:11 AM
But, but GOLD. How can government take? FIAT currency! RON PAUL!
 
2014-03-04 06:59:24 AM
Wow, the comments on that page are like potato-million worth in derp.
 
2014-03-04 07:00:13 AM
They're going to lose 75% of the $10 million that they didn't have before?

Crimea River.
 
2014-03-04 07:01:09 AM
This is why silence is truly golden.
 
2014-03-04 07:01:14 AM
Let's see if thread confirms some of our cherished political stereotypes, such as which party takes the side of the "little guy."
 
2014-03-04 07:01:20 AM

Marmilman: Wow. The comments in that article are weapons grade retarded.


It's pj media, what did you expect?
 
2014-03-04 07:01:31 AM

Life_is_a_carnivore: Or they could have laid low and cashed them in one at a time but they had to be attention whores.

Duh.


That's probably the route I'd have gone down as well. Or at least have kept half the hoard secret when I went public with the other half.
 
2014-03-04 07:01:50 AM
Sucks to be them, but what did thry think would happen when they went blabbing to the press about it? You really think our gub'ment is gonna pass on $10 million in gold?
 
2014-03-04 07:03:37 AM
Those coins are so rare I doubt that one could sell them at all without drawing attention.
 
2014-03-04 07:03:40 AM
Did you expect the the suckling piglets of Fark to be upset that the government is going to receive more money to spend on them, subby?
 
2014-03-04 07:04:20 AM
Don't click on derp cites.

This actually a likely outcome, or are a bunch of internet lawyers going through random statutes and theorizing?
 
2014-03-04 07:08:22 AM
So stolen goods remain stolen goods forever?

Makes me wonder why things like tax evasion can only go to court within 10 years. You bilked the state out of 10 millions 11 years ago? Well, you are in the clear.
 
2014-03-04 07:08:51 AM
The longer I live, the more I learn the value of keeping my mouth shut.

That said, a 25% finder's reward is still $2.5 million, which isn't bad considering all that they did was stumble across some old cans while they were walking their dogs.
 
2014-03-04 07:11:47 AM

Cybernetic: The longer I live, the more I learn the value of keeping my mouth shut.


and lawyer up
 
2014-03-04 07:12:01 AM

HMS_Blinkin: Marmilman: Wow. The comments in that article are weapons grade retarded.

It's pj media, what did you expect?


Certainly not this:
"Every day the Federal Government steals money from those working and gives it to those who don't and even now they are asking illegal Democrats in Mexico to jump the fence and join in the rape of the United States Cornucopia for free, only their new votes are wanted. It's getting time to water the tree of liberty. "

Or how about more greatest hits from Obama's time machine?
"What if I don't believe the Federal Government? They're making this up, to try to swindle these poor saps who were dumb enough to brag about it. First, they had to pay taxes on material they found on the property they bought, which should at most be capital gains. Now, suddenly the government LOST the money! "

Or whatever the fark this is:
"Anyone who comes into a genuine windfall without the knowledge of the government, and who publicizes it is a living, breathing example of Darwinism in action. This is not our government. It is not our friend. It is not under the control of citizens. It is not held to either the law or the Constitution. If you have any wealth, tangible goods the government might take an interest in, or are not connected with those in power and paying guanxi or blat [блат]; anything you have that you do not want to be confiscated needs to be hidden away and/or removed to another part of the world where the US government cannot reach it. Think a Chinese peasant reacting when there are Mongol horses stirring up dust on the horizon. Think a Jew in Europe during the pogroms."

/and all that was from just the first page.
 
2014-03-04 07:12:06 AM
Find treasure.

Step 1: move said treasure out of USA to a country known for protecting it's banking customers (you can afford it now)
Step 2: move your family and assets out of the USA to a country where you can live like emperors till the day you die (that are unlikely to cooperate with US authorities
Step 3: obtain citizenship in new country, and renounce US citizenship
Step 4: with the loudest voice you can muster (no posting on the net) say:

static.planetminecraft.com

Step 5: Enjoy your new life and fortune.
 
2014-03-04 07:13:38 AM

Cybernetic: The longer I live, the more I learn the value of keeping my mouth shut.

That said, a 25% finder's reward is still $2.5 million, which isn't bad considering all that they did was stumble across some old cans while they were walking their dogs.


it only hurts a little if they rape rape you a little?
 
2014-03-04 07:14:45 AM
They didn't build those coins, all they did was try to put them in a museum instead of keeping them for themselves. That kind of arrogance must be punished.
 
2014-03-04 07:15:39 AM
Fox is gonna have a sad.
 
2014-03-04 07:16:20 AM

Flint Ironstag: That's probably the route I'd have gone down as well. Or at least have kept half the hoard secret when I went public with the other half.


That would have been a mistake. Once the gold is out there experts would be all over it with a fine toothed comb. It wouldn't take long before someone added it up and asked where the other 5 million was.

I suppose you could have kept all the non-1899 minted coins. But even then, you'd definitely be under close scrutiny once you outed the hoard in the first place, and I doubt you'd be able to sell them without sending up a flag somewhere. Most likely with the IRS.

It's got to be all or nothing. Still, these guys will still get $2.5 million they didn't have before, and that's a decent jackpot by anyone's standards.
 
2014-03-04 07:17:14 AM

HindiDiscoMonster: Find treasure.

Step 1: move said treasure out of USA to a country known for protecting it's banking customers (you can afford it now)
Step 2: move your family and assets out of the USA to a country where you can live like emperors till the day you die (that are unlikely to cooperate with US authorities
Step 3: obtain citizenship in new country, and renounce US citizenship
Step 4: with the loudest voice you can muster (no posting on the net) say:



Step 5: Enjoy your new life and fortune.


Yeah step 1 should be the first move after any windfall.
 
2014-03-04 07:17:31 AM
Write the Feds a check for $28,000 and be done with it.
 
2014-03-04 07:19:11 AM

Harlow_B_Ashur: Write the Feds a check for $28,000 and be done with it.


Well-played.
 
2014-03-04 07:20:15 AM

Satanic_Hamster: Don't click on derp cites.


Like Salon, MSNBC, Think Progress, NPR, and Mother Jones? I don't.
 
2014-03-04 07:21:16 AM

Harlow_B_Ashur: Write the Feds a check for $28,000 and be done with it.


And if they're smart, they'll hire a lawyer that will be able to argue exactly that.  $30,000 in currency was stolen.  $30,000 in currency was returned.

Hell, they could even return it  adjusted for inflation and only have to cut a check for about $900k
 
2014-03-04 07:21:44 AM
So the coins were stolen 100 years ago.   What's the statute of limitations for grand theft?
 
2014-03-04 07:22:22 AM

Harlow_B_Ashur: Write the Feds a check for $28,000 and be done with it.


Heh.... except that is what the Feds will base the 25% finder's fee off of.

The couple will end up with $7,000 in the end.
 
2014-03-04 07:22:43 AM
Kudos to them for doing the right thing
 
2014-03-04 07:22:50 AM
Next up: Uncle Sam takes all the coins, then charges them interest for the period of time the treasure was buried on their property. Or former property...the government will want that too, under civil forfeiture laws, given its use in the commission of a felony.
 
2014-03-04 07:23:15 AM
The government giveth and the government taketh away.

Sometimes the giveth seems a little disproportionate to the taketh.

There seems to be a lot more takething going on.
 
2014-03-04 07:23:52 AM

TerminalEchoes: Satanic_Hamster: Don't click on derp cites.

Like Salon, MSNBC, Think Progress, NPR, and Mother Jones? I don't.


As a general rule, if a website's ads are telling you to buy gold because gold's price never falls  even after the price of gold tanked in 2012 and 2013, it's because they think you're an idiot who will believe anything they tell you.

For example:  Democrats are the real racists in American politics.  That's what I have you farkied as.
 
2014-03-04 07:24:12 AM

Do they get $2.5 million finder fee and then get taxed on that? That is what I would expect of the IRS.


Two things you keep your mouth shut about: finding money and sex with your teacher.

 
2014-03-04 07:25:24 AM

HindiDiscoMonster: Step 1: move said treasure out of USA to a country known for protecting it's banking customers (you can afford it now)


That's a lot more difficult than you think
 
2014-03-04 07:25:41 AM

Life_is_a_carnivore: Or they could have laid low and cashed them in one at a time but they had to be attention whores.

Duh.


That's probably what I would have done except maybe cash a little at at time ($10,000/month).  If anyone asks I'd say they've been in the family since uncle Leo died 15 years ago.
 
2014-03-04 07:26:02 AM

King Keepo: Flint Ironstag: That's probably the route I'd have gone down as well. Or at least have kept half the hoard secret when I went public with the other half.

That would have been a mistake. Once the gold is out there experts would be all over it with a fine toothed comb. It wouldn't take long before someone added it up and asked where the other 5 million was.

I suppose you could have kept all the non-1899 minted coins. But even then, you'd definitely be under close scrutiny once you outed the hoard in the first place, and I doubt you'd be able to sell them without sending up a flag somewhere. Most likely with the IRS.

It's got to be all or nothing. Still, these guys will still get $2.5 million they didn't have before, and that's a decent jackpot by anyone's standards.


or to put it another way:

75% Tax in a system that is supposed to max out at 40%... so how are they not being rape raped again?

The govt makes shiat up as it goes along. If they thought they could just confiscate the whole lot without making a big stink in the press, they would.
 
2014-03-04 07:26:25 AM

Rhino_man: Harlow_B_Ashur: Write the Feds a check for $28,000 and be done with it.

And if they're smart, they'll hire a lawyer that will be able to argue exactly that.  $30,000 in currency was stolen.  $30,000 in currency was returned.

Hell, they could even return it  adjusted for inflation and only have to cut a check for about $900k


That's what I was just calculating too.  Seems like that would be a reasonable argument to make.
 
2014-03-04 07:28:31 AM

HMS_Blinkin: Marmilman: Wow. The comments in that article are weapons grade retarded.

It's pj media, what did you expect?


Honestly, I didn't pay attention to the website's domain name when I started reading the article. Even still, the shiat that some of those people come up with will never cease to amaze me.
 
2014-03-04 07:30:55 AM

BiffDangler: HindiDiscoMonster: Step 1: move said treasure out of USA to a country known for protecting it's banking customers (you can afford it now)

That's a lot more difficult than you think


www.moillusions.com

Just make sure to package it as a coin collection would be packaged first in case of inspection... send it right to the bank (whom you have made prior arrangements with).


/NSA disclaimer: Information is provided here for entertainment purposes only. This information is not intended to be used in any way to defraud the US Government or any entity therein.
 
2014-03-04 07:32:34 AM
upload.wikimedia.org
LOL
 
2014-03-04 07:33:29 AM
Wow, there is some real Grade A derp in the comments of TFA.
 
2014-03-04 07:33:56 AM
So far this looks like a little internet laywering to me.

But here's the rules on stolen items, there is a statute of limitations on the charges, but if the original owner is known then they or their descendents are still the legal owners.

For example, if they could prove that this money was stolen from (for arguments sake) a timber/shipping/mining/whatever baron, their family would still be the rightful owners.


And as said, they still get 2.5 mil.
In this case, the original owner seems to be the US goverment.
 
2014-03-04 07:39:20 AM

GDubDub: Wow, there is some real Grade A derp in the comments of TFA.


Its PJ Media, the article was derp as well. Oh look, you found an ancient article about a gold heist. EVERYBODY PANIC THE GUMMINT IS AFTER YOUR TREASURE TROVES!
 
2014-03-04 07:41:01 AM
They are going to be screwed by the presence of the "ultra-rare 1866 Liberty $20 gold piece missing the phrase "In God We Trust" - a coin which was never released to the public"

Makes it harder to prove these are not stolen from the US Mint.
 
2014-03-04 07:42:12 AM
Should have melted it all down and made non-descript bars...
 
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