Found cache

Someone in my family owns several houses they rent out. One of the homes needed electrical work done. The electrician was in the attic pulling a couple of boards off and pulled out something wrapped in a rag. Upon unwrapping it there was $10,000, all in 20 dollar bills form the 1960's. They looked throughout the house for more but that's all they found. This was around 1985. I've asked permission recently to look around the property for a possible coin cache. There's people living in it at the moment but when they leave (they're elderly) I can look. If I find something I'll try to post it. Of couse unless it's massive. lol

Who ended up with the loot?

The owner. He gave 2,000 of it to the electrican. Do you think that was fair?

   Sounds fair to me.

A high school friend of mine went to work with his father one day who was  hired to work with the cattle....While his dad was working he was digging around in the chicken coop and uncovered a jar of gold coins....They went to court and all the coins were awarded to the landowner...even though the prior resident was no kin to the present owner....So I say...two thousand is better than zilch!.....Steve

Hey Steve, how are you liking your CZ-3D?  After reading how well it finds the
keepers next to trash and the tone discrimination, been wanting to get one.

Hey Steve, how are you liking your CZ-3D?  After reading how well it finds the
keepers next to trash and the tone discrimination, been wanting to get one.

Ive never used a deeper detector on coins....But I still dig a lot of trash....I keep thinking that the iffy signals will be a coin...but always trash...Steve

Yes very fair.Cliff

Yes, it does seem a little unfair but hey $2,000 is better than??I did on my first big one...guy had a keg of silver coins amounting to $3,000 pre 1835 on his property from a way back previous owner. We located them form research, got excited and didn’t have him sign an agreement..well you guessed it we located it with this new device I have and once we had it ready to dig he wouldn't let us said it was too wet, we went back 4 times and then he told us he wasn’t going to did it up and wouldn’t let us. Yes 20 percent would have been unfair but not as unfair as zero .... the coins would have been worth at least $900,000 now. I almost cried...it was a tough lesson to learn!

A high school friend of mine went to work with his father one day who was  hired to work with the cattle....While his dad was working he was digging around in the chicken coop and uncovered a jar of gold coins....They went to court and all the coins were awarded to the landowner...even though the prior resident was no kin to the present owner....So I say...two thousand is better than zilch!.....Steve

I'm curious as to WHY the kid was digging around in the chicken coop.  Was he replacing a rotted post? 

Curtis;

I am sorry to hear about your story.  I do know that it is more common than not if you don't have them sign an agreement.  A friend of mine did about the same thing, only to have the land owner pull a gun on him when they were going to dig up the cache.  Needless to say my friend left without a dime of the money that was located.  He did have the last word however, he called the IRS and gave them the information on the guy and told them that he had just come into a large amount of money. 

"He who laughs last, last best"! javascript:void(0);

Curtis;

I am sorry to hear about your story.  I do know that it is more common than not if you don't have them sign an agreement.  A friend of mine did about the same thing, only to have the land owner pull a gun on him when they were going to dig up the cache.  Needless to say my friend left without a dime of the money that was located.  He did have the last word however, he called the IRS and gave them the information on the guy and told them that he had just come into a large amount of money. 

"He who laughs last, last best"! javascript:void(0);

I believe the situation called for a little bit MORE than a call to the IRS.  For the guy to pull a gun on his "partner", would require a much more forceful response.   Later, if not sooner.  Personally,  I do not react very well to a damn thief.

Geesh - all of that over something that didn't even belong to him?  I wonder how he'd be if the shoe were on the other foot?

B

A high school friend of mine went to work with his father one day who was  hired to work with the cattle....While his dad was working he was digging around in the chicken coop and uncovered a jar of gold coins....They went to court and all the coins were awarded to the landowner...even though the prior resident was no kin to the present owner....So I say...two thousand is better than zilch!.....Steve

I'm curious as to WHY the kid was digging around in the chicken coop.  Was he replacing a rotted post? 

I never asked Mark why he was digging in the chicken coup...we met in 1974 and sat at the same study hall table together.....He found this when in 6th grade....He later bought a used whites detector and I soon purchased one also.....We became lifelong detecting buddies until he moved to Florida to detect beaches on a daily basis as well as detect after hurricanes....Steve

Curtis;

I am sorry to hear about your story.  I do know that it is more common than not if you don't have them sign an agreement.  A friend of mine did about the same thing, only to have the land owner pull a gun on him when they were going to dig up the cache.  Needless to say my friend left without a dime of the money that was located.  He did have the last word however, he called the IRS and gave them the information on the guy and told them that he had just come into a large amount of money. 

"He who laughs last, last best"! javascript:void(0);

I believe the situation called for a little bit MORE than a call to the IRS.  For the guy to pull a gun on his "partner", would require a much more forceful response.   Later, if not sooner.  Personally,  I do not react very well to a damn thief.

+1. Honourable agreements mean high stakes and high penalties when they're broken.

I am a firm believer in:

If you cannot trust a man's word, his signature is worth nothing.  (old adage)

B

Tread lightly and keep your mouth shut.  After a spell you can learn who can be trusted, few.

Jeff

Many great comments.  Best of luck to all of you.

A high school friend of mine went to work with his father one day who was  hired to work with the cattle....While his dad was working he was digging around in the chicken coop and uncovered a jar of gold coins....They went to court and all the coins were awarded to the landowner...even though the prior resident was no kin to the present owner....So I say...two thousand is better than zilch!.....Steve

Chicken coops appear to be a favorite hiding spot for early settlers. A similar situation occurred in Southern Oregon. Two boys aged 6 and 10 were hired by a family renting a home to clean out the chicken coop. While doing so they uncovered a lard can filled with $5 and $10 gold coins. They took the coins to the house and asked if the coins were the renter people's, who of course, said YES!. Renters also said thank you very much, here's a nice bright nickel for each of you.

When the boys grew up, they took the renters to court, and were awarded an undisclosed sum when the renters could not document hiding the coins. (Court evidently felt, oddly, that whoever buried the coins would have known how much was in the can).

Cache hunters should learn at least 2 things from this case: 1) don't turn over to renters; 2) search those chicken coops!!!

LESSON LEARNED: if you find a cache, keep your d**n mouth shut.

I kind of took that as a given.<G>

"Someone say "cache"? Who? Where? When? Why? What?"

Yes very fair.Cliff

Not even $2,000. is fair, just give me $200.00 right now and it's fair for me. The economy is not good and any income is fair.

Hold your nose when checking out chicken coops.