The California family who discovered
over $10 Million in buried gold coins while walking their dog has
decided to use the first piece of their newfound fortune to help
save the National landmark where 1,312 of the 1,427 gold coins in
the now-famous Saddle Ridge Hoard were struck.
The family learned that a San
Francisco non-profit, the San Francisco Museum and Historical
Society (SFMHS), was attempting to raise money to renovate the
second San Francisco Mint and develop an on-site museum, but that
the funds raised thus far would not begin to meet the project's
In a bid to raise both money and awareness for the project, the
family agreed to allow the SFMHS to auction an 1874-S $20 Double
Eagle from the Saddle Ridge Hoard at the Mint during a fundraiser
on Tuesday, May 27th.
The $20 gold piece, struck during the Mint's first year of
production, will be the first coin from the Saddle Ridge Hoard to
be sold and is the only coin from the treasure that will be sold at
auction. The family also agreed to loan 60 coins from the Saddle
Ridge Hoard for display during the fundraiser. The group will
include an 1866-S No Motto $20 gold piece valued at over $1 million
and will be the largest number of coins from the hoard that will
ever be seen together publicly.
"I applaud the discoverers of the
Saddle Ridge Hoard for making a charitable donation their first
act," noted Don Kagin, president of Kagin's, Inc., the numismatic
firm that will sell the balance of the hoard, "Their thoughtful
generosity will significantly increase awareness of this wonderful
architectural icon and the need for capital infusion to develop
space that is currently underutilized into a state-of-the-art San
Francisco History, Gold Rush and Money Museum."
The story of a family discovering a
cache of 1,427 U.S. gold coins buried on their property has been
reported by over 1,000,000 websites and news agencies worldwide.
The treasure, contained in eight buried cans, consists of four $5
gold pieces, 50 $10 gold pieces, and 1,373 $20 double eagles - most
of which will be offered for sale by Kagin's on Amazon.com
immediately following the San Francisco Mint fundraiser.
"The family loved the idea that these
coins could help in the effort to restore the building where most
of the Saddle Ridge Hoard coins were made," says David McCarthy,
Senior Numismatist at Kagin's. "Gratitude has been one of the words
that has come up in nearly all of our conversations. The family
believes that gratitude is not just a feeling - it is a
responsibility to share their good fortune. This was a perfect
opportunity to do just that."
"The auction of the first Saddle Ridge
Hoard coin represents a wonderful opportunity both to raise funds
for the continued renovation of the Old Mint building and to bring
greater awareness of this iconic landmark and the urgent need for
funding its full restoration," explained SFMHS president, Jim
Lazarus. He thanked the finders of the hoard "for their
appreciation of the Old Mint's connection to the Saddle Ridge Hoard
and California history and their public-spirited generosity in
donating the auction proceeds."
The San Francisco Mint first opened in
1854, quickly becoming the largest Branch Mint in the United
States. California gold production soon overwhelmed the first Mint,
and by 1870 construction had begun on a new mint, now
affectionately known as The Granite Lady. Opening in 1874, the
second San Francisco Mint produced more coinage each year than all
other U.S. Mints combined and was one of the few buildings that
survived the 1906 earthquake that devastated San Francisco,
becoming an essential part of efforts to rebuild the city. In 2003,
the U.S. Government Service Administration sold the Mint to the
City of San Francisco for $1. The City then awarded the SFMHS a
lease to develop "The Granite Lady" as a museum of San Francisco
and Gold Rush history.
Following the auction, at 9 p.m. Pacific Time (midnight Eastern Time) the
balance of the coins from the Saddle Ridge Treasure will be made
available for sale live on the Kagins.com and Amazon.com websites.
For further information contact Kirsten at email@example.com or 415-435-2601.
SAN FRANCISCO MINT RENOVATION FUNDRAISER INFORMATION
Tuesday, May 27, 2014
General Admission $10.00 @ 7:30pm
San Francisco Mint 88 5th Street @ Mission
Qualified Phone and Email Bids accepted until noon on May 27th
Items to be auctioned:
1. 2006 San Francisco Old Mint Commemorative Silver Dollar
2. 2006 San Francisco Old Mint Commemorative Silver Dollar
3. 2006 San Francisco Old Mint Commemorative $5 Gold Piece
4. 2006 San Francisco Old Mint Commemorative $5 Gold Piece
5. 2006 San Francisco Old Mint Commemorative $5 Gold Piece PCGS
6. 1874-S $20 Saddle Ridge Hoard PCGS AU55 - From the first year
of production at the second San Francisco Mint
Lots 1-5 Donated by Kagin's, Inc.
Lot 6 Donated by the discoverers of
the Saddle Ridge Hoard