Thursday, 26 April 2018

'Fake' gold coin worth millions

Mistakenly believed by its owner to be fake, a historic gold coin has been authenticated as "the discovery of a lifetime" by Sarasota's Numismatic Guaranty Corporation. It is only the fourth known surviving example of a $5 denomination coin struck at the San Francisco Mint during the California Gold Rush in 1854. Mint records indicate that just 268 of these coins were made in the San Francisco mint in 1854, the first year they were produced. The other known coins in existence have a storied history. One is located at the National Numismatic Collection at the Smithsonian Institution in Washington, and another was stolen from the DuPont family in 1967 and has never been found.