@Stephen: A friend told me a story of some treasure hunters that got permission from a landowner to do metal-detecting on his property. They found a can of silver dollars - - kept them for themselves rather than sharing them. Evil. Point, though, is you can metal detect on old house sites if you get the owner's permission. Might have better luck in Florida than other places, given Florida's longer history and numerous changes in flags.
@Old NFO: I might think it was a miner if the gold was in the form of ore or dust. The huge number of coins involved, all of them uncirculated, makes me think it was a wealthy individual who simply didn't trust banks, which prior to the FDIC Act could close without warning, depriving investors/account holders of their funds.
My question is why in the world would you ever tell anyone that you found that many gold coins, given that they were on your own property? Put them in a safe place and perhaps sell a few as needed over time. Otherwise hang on to them and keep your mouth shut!
@Jon: If the people involved were living a comfortable life already, I could see doing as you suggested. But, by declaring the entire horde at once, they get the tax issues out of the way, just as if they had won the lottery. And, of course, we only have their word that they've revealed the entire hoard.
@Bob - Saw on Fox today that they'll probably owe half the value in taxes. Seems like if one dribbled it out over time, the taxable amount would fall into a "normal" tax bracket, like 15%. But, they probably got all excited about their windfall and just had to tell someone.
@Jon: I think they handled it the correct way, and here's why: in this intrusive period we're living in, it's likely that selling vintage gold coins a few at a time would eventually be noticed by the IRS, and they'd do an audit: "Where did you get these coins? When did you acquire them? You found them 5 years ago? Oh, in that case you owe back taxes on the full value of the hoard for the last five years. Oh, you can't pay it? We'll have to bring charges of tax evasion."
A newsroom comprised entirely of leftists/liberals is no more capable of ideological objectivity than an all-white newsroom would be of racial objectivity, or an all-male newsroom of gender objectivity.
Captain Louis Renault
"Round Up the Usual Suspects."
The Drawn Cutlass Philosophy
Be as decent as you can. Don't believe without evidence. Treat things divine with marked respect, and don't have anything to do with them. Do not trust humanity without collateral security, it will play you some scurvy trick. Remember that it hurts no one to be treated as an enemy entitled to respect until he prove himself a friend worthy of affection. Cultivate a taste for distasteful truths. And, finally, most important of all, endeavor to see things as they are, not as they ought to be.
Ambrose Bierce
The Foe
When I am free to walk the streets of Mecca or Medina as the agnostic I am and receive nothing but curious glances, I will believe Islam is a religion of peace and tolerance.
Sign On. You Know You Want To.
A Few Words From Some Founding Fathers
All Men Are Created Equal. (Thomas Jefferson, Founding Father)
But Differ Greatly In the Sequel. (Fisher Ames, Founding Father)
Jeff Cooper's Rules of Gun Safety
All guns are always loaded. Even if they are not, treat them as if they are.
Never let the muzzle cover anything you are not willing to destroy. (For those who insist that this particular gun is unloaded, see Rule 1.)
Keep your finger off the trigger till your sights are on the target. This is the Golden Rule. Its violation is directly responsible for about 60 percent of inadvertent discharges.
Identify your target, and what is behind it. Never shoot at anything that you have not positively identified.
Bob's Addendum To Cooper's Rules
A Gun is not a Toy. Don't Play With It.
Bob's Theory of Hush Puppies
Bob's Theory of Hush Puppies: The best hush puppies are oblong shaped, rather like dog turds. The worst ones are spherical, like balls. The spherical ones are usually made from the recipe on a pre-packaged box of hush puppy mix.
Restaurant Ratings
My restaurant ratings, mostly intended for BBQ restaurants, will be on a 1-5 scale, with 1 being the worst and 5 being the best. Unlike most reviewers, I don't intend to play games with the rating scale by introducing fractions such as "2 and 1/2" or "4 and 3/4," I've always considered that stupid and a signal that the reviewer is trying to avoid making an honest 1-5 judgment.
Here is the breakdown of the ratings:
1 out of 5: waste of time, crap, unable to finish eating; apathy by staff/ownership
2 out of 5: edible, but no effort to impress; staff/management going through motions; desultory.
3 out of 5: average; reasonably good food, moderate effort by staff/management
4 out of 5: good; tasty, well-prepared food, staff alert, restaurant clean.
5 out of 5: great; excellent food, cooked fresh. Staff attentive and proactive, management responsive to complaints. Restaurant spotless.
On Self-Reliance
"A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects."
9 comments:
I read this story late this afternoon and darn near had a fit....why, oh why, can't I be this lucky. What a mouthwatering find.
@Stephen: A friend told me a story of some treasure hunters that got permission from a landowner to do metal-detecting on his property. They found a can of silver dollars - - kept them for themselves rather than sharing them. Evil. Point, though, is you can metal detect on old house sites if you get the owner's permission. Might have better luck in Florida than other places, given Florida's longer history and numerous changes in flags.
Interesting, any bets it was a former miner???
@Old NFO: I might think it was a miner if the gold was in the form of ore or dust. The huge number of coins involved, all of them uncirculated, makes me think it was a wealthy individual who simply didn't trust banks, which prior to the FDIC Act could close without warning, depriving investors/account holders of their funds.
That would certainly brighten my day.
My question is why in the world would you ever tell anyone that you found that many gold coins, given that they were on your own property? Put them in a safe place and perhaps sell a few as needed over time. Otherwise hang on to them and keep your mouth shut!
@Jon: If the people involved were living a comfortable life already, I could see doing as you suggested. But, by declaring the entire horde at once, they get the tax issues out of the way, just as if they had won the lottery. And, of course, we only have their word that they've revealed the entire hoard.
@Bob - Saw on Fox today that they'll probably owe half the value in taxes. Seems like if one dribbled it out over time, the taxable amount would fall into a "normal" tax bracket, like 15%. But, they probably got all excited about their windfall and just had to tell someone.
@Jon: I think they handled it the correct way, and here's why: in this intrusive period we're living in, it's likely that selling vintage gold coins a few at a time would eventually be noticed by the IRS, and they'd do an audit: "Where did you get these coins? When did you acquire them? You found them 5 years ago? Oh, in that case you owe back taxes on the full value of the hoard for the last five years. Oh, you can't pay it? We'll have to bring charges of tax evasion."
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