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Buyers grab more hoard gold

After one week on sale, the gold coins from the Saddle Ridge Hoard had brought in about $6 million in sales.

On June 4, amazon.com listed 483 coins still for sale, with kagins.com offering 39 coins.

“Not bad out of 1,427,” coins said Don Kagin, president of Kagin’s Inc., the firm handling the sale of the coins.

Almost $6 million in gold coins from the Saddle Ridge Hoard have been sold in the first week of availability.

Almost $6 million in gold coins from the Saddle Ridge Hoard have been sold in the first week of availability.

The gold coins were buried in cans in the hills of Northern California for decades until a couple out for a walk on their property discovered them in early 2013.

The hoard consists of four $5 gold pieces, 50 $10 gold pieces and 1,373 $20 gold pieces.

The amazon.com site still offered a $2.75 million lot that consists of 14 gold coins and one of the original cans they were stored in.

Included in that lot is the rarest of the coins found, an 1866-S No Motto $20 gold coin valued at $1 million.

But the majority of the coins that remained for sale on the amazon.com site were priced at $6,750 or lower and in grades MS-62 or lower.

An 1890-S $20 gold coin graded MS-66 was the top lot still available on the kagin.com site. It was selling for $125,000.

Although sales were focused on the two websites, Kagin said he would take a few coins from his inventory to the Long Beach coin show the first weekend in June.

If they all sell, the coins will bring as much as $11 million.

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