If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(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 246
    More: Followup  
•       •       •

16353 clicks; posted to Main » on 04 Mar 2014 at 6:50 AM (30 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



246 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

First | « | 1 | 2 | 3 | 4 | 5 | » | Last | Show all
 
2014-03-04 09:43:52 AM

Tatterdemalian: Rhino_man: If it's malevolent AND incompetent, then shouldn't it be accidentally doing good things for the people?  You might want to reevaluate the logical consistency of that image and try again, because right now you're just looking like an ass.

Logical consistency hasn't been a hallmark of the left since they pretended Dubya was both an evil criminal mastermind and a complete idiot.

/smart enough to trick Democrats into voting for his war
//too stupid to plant WMDs in Iraq for the troops to find
///maybe he was just a human being acting to protect the USA with the information he had


Just how much straw you got over there, son?
 
2014-03-04 09:44:13 AM

dready zim: Your `history` only is as old as my grannies teeth. Show me something from the USA a thousand years old and I`ll be impressed.


i.infoplease.com

How about the decent sized chunk of the UK's ass that we bit off in the late 1700's?
 
2014-03-04 09:44:18 AM

GoldSpider: trappedspirit: GoldSpider: Let's see if thread confirms some of our cherished political stereotypes, such as which party takes the side of the "little guy."

Are you talking about the "little guy" that originally stole these coins?  Who would take a criminals side?

I'd wager the thieves are long dead by now.


Then it makes sense to return the stolen property.
 
2014-03-04 09:45:42 AM

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

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

WAT??!!


You know, liberals and what not.
 
2014-03-04 09:46:57 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.


Done in two. These could have been melted down in an ask-no-questions crucible, or just sold with a mark-up to grateful preppers for sacks of worthless fiat paper.
 
2014-03-04 09:47:53 AM
celticrebel.files.wordpress.com

That couple is lucky. Ben Gates only got 1%.
 
2014-03-04 09:48:11 AM
I don't see why people are so upset about this. It's just part of Obama's re-distribution of wealth that he pledged. http://www.youtube.com/watch?v=ge3aGJfDSg4
 
2014-03-04 09:49:46 AM

Thunderpipes: They need to pay their fair share. That is the liberal thought process, right? How dare they find gold when some people only have an Xbox and a couch?


No, the "liberal" thought process is that they need to return the stolen property to its rightful owner. Do you disagree?
 
2014-03-04 09:51:03 AM
So they only get an unexpected $2.5 million windfall? Crimea river.
 
2014-03-04 09:51:19 AM

Tatterdemalian: Rhino_man: If it's malevolent AND incompetent, then shouldn't it be accidentally doing good things for the people?  You might want to reevaluate the logical consistency of that image and try again, because right now you're just looking like an ass.

Logical consistency hasn't been a hallmark of the left since they pretended Dubya was both an evil criminal mastermind and a complete idiot.

/smart enough to trick Democrats into voting for his war
//too stupid to plant WMDs in Iraq for the troops to find
///maybe he was just a human being acting to protect the USA with the information he had


George W Bush was and is a complete idiot, and was the puppet of evil criminal masterminds including but not limited to Dick Cheney.
 
2014-03-04 09:52:24 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.


$30,000 worth of gold coins at face value is 1500-$20 gold pieces, which weigh an ounce each.

1500 ounces of gold at today's prices is worth just over $2 million.

These coins are worth 5x as much as a set, due to the collector value.

Coincidentally, 25% of $10 million is STILL $500,000 more than they're worth by weight.
 
2014-03-04 09:53:11 AM
They should have to pay the mint back the 30 grand that was stolen.
 
2014-03-04 09:53:52 AM

dukeblue219: Again, you cannot slowly convert $10MM worth of extremely valuable gold coins into cash without someone noticing. Furthermore, if you're someone barely getting by and suddenly start acquiring millions in cash the IRS is going to notice. You can't deposit the cash in a bank without drawing attention, and are you really going to buy a new car or new house with cash? Hell I'm not even positive you can sell gold coins worth thousands a piece for cash without generating a govt form somewhere.

The only option would be to sell them so slowly that nobody notices which kind of defeats the purpose of finding a fortune. Even taking a 75% loss and then investing the remainder would be way more practical.



Those are some good points.

I wonder if  (given the government's position) it would be more productive to simply melt them down and then "find" a lump of gold in a can.

 (I know it is too late now )
 
2014-03-04 09:55:04 AM

GoldSpider: Two words: "Prove it."


I would certainly force the government to prove it in court.
 
2014-03-04 09:55:52 AM

Tatterdemalian: The original owners are long dead.


The United States government is dead? You're getting more incomprehensible with each subsequent post, dude.
 
2014-03-04 09:57:31 AM

Thunderpipes: They need to pay their fair share. That is the liberal thought process, right? How dare they find gold when some people only have an Xbox and a couch?


Bless your heart
 
2014-03-04 09:58:30 AM

SpectroBoy: dukeblue219: Again, you cannot slowly convert $10MM worth of extremely valuable gold coins into cash without someone noticing. Furthermore, if you're someone barely getting by and suddenly start acquiring millions in cash the IRS is going to notice. You can't deposit the cash in a bank without drawing attention, and are you really going to buy a new car or new house with cash? Hell I'm not even positive you can sell gold coins worth thousands a piece for cash without generating a govt form somewhere.

The only option would be to sell them so slowly that nobody notices which kind of defeats the purpose of finding a fortune. Even taking a 75% loss and then investing the remainder would be way more practical.


Those are some good points.

I wonder if  (given the government's position) it would be more productive to simply melt them down and then "find" a lump of gold in a can.

 (I know it is too late now )


That's like destroying stolen artwork to hide a theft. Sure, the wood frame might have a salvage value. But like all historical and archaeological items their value is in their history and current state, not in the value of individual components.

Plus the whole destruction of stolen property thing.
 
2014-03-04 09:59:12 AM

MFK: "Finders - Keepers" might work on the schoolyard, but it's not a law or anything.


In many cases it is. Brush up on your common law sometime.
 
2014-03-04 10:04:28 AM
"Fine, here's your $300,000. Don't cash that check till Monday."
 
2014-03-04 10:05:26 AM

rebelyell2006: dready zim: rebelyell2006: dready zim: rebelyell2006: dready zim: NEVER tell anyone you just found a load of gold.

Except me of course. I`ll buy it off you for a good price.

Melt it down. Then you just have a load of gold that cannot be traced back to an owner. Turn it into nuggets. Throw the gold onto the ground molten to make nuggets and say you found the nuggets like that to the guy who is buying it without any questions...

Once you have the cash in your hand and can afford a good lawyer THEN say "Look at MEEEEEEE! I`M AN ATTENTION WHORE!!!".

Destroying American history in the name of profit. How very Republican of you.

Your `history` only is as old as my grannies teeth. Show me something from the USA a thousand years old and I`ll be impressed. Then I`ll show you something thousands of years older than even your Jebus.

Also, your political bias is showing.

You do know that Native Americans have been here for thousands of years. And Norsemen showed up a thousand years ago.

And who is Jebus? Is he from the Judeo-Christian pantheon?

Of course I do. I just find it funny when the USA history is regarded as the only one or the only important one. Also when people allude to America existing before whenever (1492? C16? C18? IDK) America wasn`t in existence a thousand years ago so there cannot be any artifacts from America then.

Jebus is the guy the preachers bang on about. You know, the offspring of Yaltabaoth Saklas Samael, who is the corrupted bastard child of sophia. They are another version of Dionysus and others (Born of a Virgin on December 25th, Killed and Resurrected after Three Days)...

The character has been recycled in many religions, not just the judeo-christian one.

So you are referring to the Jesus character from the Christian mythology? Why didn't you just say that? People don't go around talking about Geus or Lochi or Buddma.


Jebus is a version of Jesus mainly worshiped by southern conservatives. He wants people to be wealthy, and thinks the poor and sick should pull themselves up by their bootstraps. He also loves guns.
 
2014-03-04 10:05:31 AM

SVenus: The flip side argument (govt case) would state they want their actual coins back, no matter the value.
Any finders fee would be a percentage of the melt value of the metal.


Good point. 25% of $2 million is $500,000.

Although, if that did happen, no one would ever turn in gold treasure again. They would just melt it, claim it as a find, and pay the 40% windfall tax.

It's a gamble I'd take every single time, because the government could never divine the source of this gold beyond any other gold.
 
2014-03-04 10:09:12 AM
HindiDiscoMonster:
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?


Or to put it in another way:

"I'm now going to say some stupid DERP!"
 
2014-03-04 10:09:40 AM

King Keepo: Oh they got shafted, no doubt about it. But at the end of the day they might walk away with $2.5 million they never had before, plus a little more wisdom.


If ending up $2.5M richer is "getting shafted", then where do I sign up for a proper shafting of this sort??
 
2014-03-04 10:12:29 AM
TFA: Northern California fishing guide Jack Trout

farker stole my fish?
 
2014-03-04 10:13:22 AM
Isn't there a statue of limitations regarding robbery? You'd think after that amount of time, it's Finders Keeps on the gold.
 
2014-03-04 10:14:33 AM

Rhino_man: They're going to lose 75% of the $10 million that they didn't have before?

Crimea River.


STOP! USING! THAT! PHRASE!!
oi42.tinypic.com
 
2014-03-04 10:14:43 AM

MythDragon: dready zim: Your `history` only is as old as my grannies teeth. Show me something from the USA a thousand years old and I`ll be impressed.

[i.infoplease.com image 510x609]

How about the decent sized chunk of the UK's ass that we bit off in the late 1700's?


Oh Snap!
 
2014-03-04 10:15:01 AM

RobSeace: King Keepo: Oh they got shafted, no doubt about it. But at the end of the day they might walk away with $2.5 million they never had before, plus a little more wisdom.

If ending up $2.5M richer is "getting shafted", then where do I sign up for a proper shafting of this sort??


"But... we totally had sex.  Like... hard core.  Three times."
"It was all a cruel ploy to gain your trust."
"That was a cruel ploy?  Heh.  Sign me up for another!"
2.media.collegehumor.cvcdn.com
 
2014-03-04 10:15:06 AM
RminusQ:

George W Bush was and is a complete idiot, and was the puppet of evil criminal masterminds including but not limited to Dick Cheney.

I don't know what to say to people who honestly believe that one side is evil and the other, good.

On one hand it must be a breathtakingly break from reality, where such black and white distinctions rarely exist, where one can go about with the knowledge that their fiery righteousness is not any more extreme of a position than condemning a murderer over his victim. Yet even a murderer's motives are sometimes validated, and a victim is sometimes very deserving of his fate. No one cries that Muammar Gaddafi was murdered, but he was killed by a lynch mob without a trial.

On the other it must be difficult to reconcile the evidence to the contrary, namely, that the government changes very little from one team to the next. It behaves the same way, if not a little worse, each successive year. The only changes to it are superficial, and the platitudes spouted by the defenders of each party are so wrong that they border on comical. Blue team is the party of peace as long as you don't look too closely at who controlled the government at the beginning of WW1, WW2, Korea, Vietnam, Serbia. Red team hates the welfare state as long as you don't pay any attention to who expanded the welfare state the most since 1964 and was responsible for both the amnesties since the same year.

I only wish I could ignore all the evidence and believe in such a duality, but it simply does not exist.
 
2014-03-04 10:15:34 AM

lucksi: 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.


That's how art is.
 
2014-03-04 10:15:52 AM

TV's Vinnie: Rhino_man: They're going to lose 75% of the $10 million that they didn't have before?

Crimea River.

STOP! USING! THAT! PHRASE!!
[oi42.tinypic.com image 319x188]


To be fair, I'm only using it in non-Ukraine threads.  I've got SOME decency to my name.
 
2014-03-04 10:18:09 AM

Thunderpipes: They need to pay their fair share. That is the liberal thought process, right? How dare they find gold when some people only have an Xbox and a couch?


Everybody point and laugh at the guy who didn't read any information in the article or the thread beyond the headline.
 
2014-03-04 10:22:31 AM

TV's Vinnie: Isn't there a statue of limitations regarding robbery? You'd think after that amount of time, it's Finders Keeps on the gold.


What a statue of limitations might look like:
img.fark.net
 
2014-03-04 10:23:44 AM

lucksi: So stolen goods remain stolen goods forever?


Yes.

From time to time, works of art looted by the Nazis are still being discovered and returned to the descendants of the rightful owners.
 
2014-03-04 10:24:16 AM
Has anyone mentioned yet that they could have melted it down? No? Well, let me be the first.
 
2014-03-04 10:26:33 AM

HooskerDoo: Those coins are so rare I doubt that one could sell them at all without drawing attention.


Exactly.  Keeping secret about it wasn't a realistic option.

badhatharry: The owner abandoned it on their land. After a certain amount of time, it is theirs. If it was stolen, the owner or an insurance company can make a claim on it. It still doesn't belong to the government.


The owner didn't, the thief did.

JC22: Wouldn't these stolen gold coins have been written off back when they were stolen by the government as a loss? At that point aren't they now the property of whoever found them?

Just like when an owner reports a stolen car and the insurance pays them if the car is found it goes to the insurance company and not back to the owners (unless it's super rare).

So if they wrote this off which I'm sure they did the government no longer owns them.


No.  What you are describing is the insurance company buying the car off you.  You get the cash, they get the title.  If the car is recovered they get the car.  Since no insurance company paid the government for the coins the ownership remains with the government.
 
2014-03-04 10:29:08 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:

[static.planetminecraft.com image 324x324]

Step 5: Enjoy your new life and fortune.


This prospect was a lot more fun when Brazil was such a country.  Nowadays, your options are limited to some pretty crappy places.  Being rich will make you much more comfortable than everyone else living there, of course, but you will be giving up some of the nice things that developed countries have like art museums, symphonies, waterways that aren't choked with sewage, etc.
 
2014-03-04 10:29:26 AM

chozo13: TV's Vinnie: Isn't there a statue of limitations regarding robbery? You'd think after that amount of time, it's Finders Keeps on the gold.

What a statue of limitations might look like:
[img.fark.net image 741x1078]


Yes. It was a typo. Here, have a large amount of extra t's that you can insert whenever that happens again.

ttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttt t tttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttt tttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttt ttttttttttttttttttttttttttttttttttttttt

TTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT T TTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT
 
2014-03-04 10:37:20 AM

TV's Vinnie: chozo13: TV's Vinnie: Isn't there a statue of limitations regarding robbery? You'd think after that amount of time, it's Finders Keeps on the gold.

What a statue of limitations might look like:
[img.fark.net image 741x1078]

Yes. It was a typo. Here, have a large amount of extra t's that you can insert whenever that happens again.

ttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttt t tttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttt tttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttt ttttttttttttttttttttttttttttttttttttttt

TTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT T TTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT


Thank you! I will save them in my "extra letters" folder and cherish them forever!

/sense of humor much?
 
2014-03-04 10:38:14 AM

dready zim: MFK: the problem with stealing directly from the US Government is that the Gov't is generally considered to be "immortal" legally.

I don't know why people are assuming that just because these folks are the current owners of that property that they have a "right" to whatever is on there. It's not like they bought a gold coin tree that naturally produces rare coins. They literally stumbled upon a cache of stolen coins and the owners are wanting them back now that they're found. "Finders - Keepers" might work on the schoolyard, but it's not a law or anything.

There is a way the schoolyard tactics work. If you take someones lunch (because your mom is an alcoholic and just puts sugar packets in your lunchbox) and eat it before the teacher arrives then you still have a full belly and, sans empty lunchbox, you can claim they are just trying to get you into trouble because you mom is an alcoholic. In the absence of any other evidence you`ll probably be ok as long as it doesn`t happen often.

Some things that are not laws still work inside the legal framework, you just need no morals.


You really had an unpleasant childhood.
 
2014-03-04 10:40:01 AM

chozo13: TV's Vinnie: chozo13: TV's Vinnie: Isn't there a statue of limitations regarding robbery? You'd think after that amount of time, it's Finders Keeps on the gold.

What a statue of limitations might look like:
[img.fark.net image 741x1078]

Yes. It was a typo. Here, have a large amount of extra t's that you can insert whenever that happens again.

ttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttt t tttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttt tttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttt ttttttttttttttttttttttttttttttttttttttt

TTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT T TTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT

Thank you! I will save them in my "extra letters" folder and cherish them forever!

/sense of humor much?


Apparently, yours could use a recharge.
 
2014-03-04 10:41:55 AM
Yeah, this is why you don't declare finding large sums of money, gold, etc... You quietly go about turning it into assets.
 
2014-03-04 10:42:21 AM

TV's Vinnie: chozo13: TV's Vinnie: chozo13: TV's Vinnie: Isn't there a statue of limitations regarding robbery? You'd think after that amount of time, it's Finders Keeps on the gold.

What a statue of limitations might look like:
[img.fark.net image 741x1078]

Yes. It was a typo. Here, have a large amount of extra t's that you can insert whenever that happens again.

ttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttt t tttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttt tttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttt ttttttttttttttttttttttttttttttttttttttt

TTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT T TTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT

Thank you! I will save them in my "extra letters" folder and cherish them forever!

/sense of humor much?

Apparently, yours could use a recharge.


or possibly my sarcasm detector is on the fritz, it happens.
 
2014-03-04 10:45:09 AM

Moosecakes: There are a lot of people in this thread that seem to think it's easy to either smuggle $10 million on hold out of the country or find a black market buyer fr $10 million in gold.


Worse.  I'm sure there is a black market for gold bullion, but most of the value of these coins is in their numismatic value.  Unless you are willing to settle for melt value, unloading these coins on the black market would be as pointless as trying to sell a stolen Picasso.
 
2014-03-04 10:46:49 AM
The $10 million value is mostly numismatic premium.  These coins are worth a lot less as bullion, but still quite a bit of money.  I would have melted down the entire pile.  Sounds to me that the farkers who found the coins got royally farked by a coin dealer who set them up.  Having been a coin collector, I can tell you from experience that I've never run into a coin dealer who wasn't a complete and total scumbag.
 
2014-03-04 10:52:30 AM
The fact that the  criminal statute of limitations is up has no bearing on whom has legal title to the stolen property. If I steal a car but only get caught with it after the statute of limitations is up, I cannot be criminally convicted, but the car will be taken and returned to its rightful owner.
 
2014-03-04 10:52:31 AM
I wonder if the government still has records which confirm that the theft happened. At the moment, we only have one newspaper article which mentions the theft.
 
2014-03-04 10:55:16 AM

WelldeadLink: I wonder if the government still has records which confirm that the theft happened. At the moment, we only have one newspaper article which mentions the theft.


What, you think the coins grew legs and walked out of the mint on their own?
 
2014-03-04 10:55:49 AM

WelldeadLink: I wonder if the government still has records which confirm that the theft happened. At the moment, we only have one newspaper article which mentions the theft.


Even if the gov can't prove it, I'll be that lawyers are currently hunting down the relatives of previous property owners and will prepare claims as well.

Moral of the story:  Attention whoring almost always goes badly.
 
2014-03-04 11:01:47 AM

jpbreon: Gold, real money, and you think the State is going to sit idly by?

The coup de grace will be when the State gives them worthless paper trash in return for their very real, never-been-worth-zero gold.


Because a worthless metal used primarily for jewelry has intrinsic value?
 
Displayed 50 of 246 comments

First | « | 1 | 2 | 3 | 4 | 5 | » | Last | Show all

View Voting Results: Smartest and Funniest


This thread is closed to new comments.

Continue Farking
Submit a Link »






Report