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   If you're a mild-mannered substitute teacher, the last thing you need is to be the sole heir to your reclusive hoarder of a cousin. Unless, as in this case, he hoarded two wheelbarrows worth of gold coins

15 Dec 2012 09:46 AM   |   14062 clicks   |   Washington Post
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thisiszombocom     
no, if youre a substitute teacher, the last thing you need is have to work in CT on fridays

15 Dec 2012 09:48 AM
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I May Be Crazy But...     
So, future superhero or supervillian?

15 Dec 2012 09:49 AM
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zamboni    [TotalFark]  
So what is that like 1 coin?

I mean... how much are two wheelbarrows worth anyway?

15 Dec 2012 09:51 AM
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Kaymon     
That should amount to a small sack of gold coins, once Uncle Sam is through with it.

15 Dec 2012 09:51 AM
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KingVJ     
So the judge gets 2% of the net worth for doing their job. That'll be a nice bonus.

15 Dec 2012 09:52 AM
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katerbug72     
Wow, the nuts are going to come out of the woodwork for that fortune. I'll bet she's just amassed a plethora of new friends.

15 Dec 2012 09:54 AM
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Ooba Tooba     
Wow. I am surprised the clean up crew reported the coins at all.

15 Dec 2012 09:57 AM
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UpTheIrons66     

Ooba Tooba: Wow. I am surprised the clean up crew reported the coins at all.


This, I'm sure there was a good 3 wheelbarrows worth of gold, at one time.

15 Dec 2012 10:06 AM
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balki1867     
Glover said there have been a few callers trying to claim some or all of the gold is theirs - one of them annoying enough that Glover got a court order blocking him from further communications. None of the callers presented any evidence to support their claims, he said.

SMH

15 Dec 2012 10:15 AM
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HindiDiscoMonster     

UpTheIrons66: Ooba Tooba: Wow. I am surprised the clean up crew reported the coins at all.

This, I'm sure there was a good 3 wheelbarrows worth of gold, at one time.


I am sure the judge will award her the one barrel, and the xfer of the sibngle coin should go without a hitch.

15 Dec 2012 10:15 AM
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Fark Rye For Many Whores     
thebillfold.com

15 Dec 2012 10:22 AM
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Kevin72     
I'm a bit suspicious of where did the coins come from. County clerk? Also, there used to be a mint in Carson City, though it was mostly for the silver that was mined.

15 Dec 2012 10:22 AM
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Mad Mark     
I'll just take the CS Mustang. I'm not greedy.

15 Dec 2012 10:23 AM
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abhorrent1     
Once the gold and other property is sold off and the taxes and expenses paid, the proceeds will become the sole property of Magdanz. Those expenses include the appraisals, storage of the gold and other property, legal fees and 2 percent of the eventual proceeds that, by law, go to the public administrator who handled everything.

So she'll get ten bucks?

15 Dec 2012 10:23 AM
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Rich Cream     
Sigh. The man was a miser, not a hoarder.

15 Dec 2012 10:34 AM
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Arthur Jumbles     

Kaymon: That should amount to a small sack of gold coins, once Uncle Sam is through with it.


The man is dead with no wife or underaged kids so I don't see the problem in that.

15 Dec 2012 10:36 AM
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vastcat     
They released a picture of his hoarder cousin.

www.shutterstock.com

15 Dec 2012 10:39 AM
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UNAUTHORIZED FINGER     

thisiszombocom: no, if youre a substitute teacher, the last thing you need is have to work in CT on fridays


setbuild.ucreative.ac.uk

"I'm not even supposed to be here today!"

15 Dec 2012 10:41 AM
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Koodz     
What the hell kind of state gives a commission to public officials? Are we Mexico now?

15 Dec 2012 10:43 AM
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TV's Vinnie     
Isn't it illegal in the US to have any gold in coin form?

15 Dec 2012 10:43 AM
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moran     

zamboni: So what is that like 1 coin?

I mean... how much are two wheelbarrows worth anyway?


I came to say this.

15 Dec 2012 10:46 AM
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gretzkyscores     
Big deal. As the Fark fiat-currency-brigade constantly reminds us, gold is pretty much useless. They might as well send it all to the landfill. 

/Or to me
//I'll dispose of it properly ;-)

15 Dec 2012 10:47 AM
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abhorrent1     

TV's Vinnie: Isn't it illegal in the US to have any gold in coin form?


No. You used to need a license for some reason but that went away in the 70's. My grandfather was a coin collector and had a bunch of gold coins.

15 Dec 2012 10:49 AM
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moran     

TV's Vinnie: Isn't it illegal in the US to have any gold in coin form?


No, although at times in the past there have been limits on private ownership of gold.

The government does try to discourage it by taxing the capital gains at a higher rate than that of stocks and bonds (28%, I think.)

15 Dec 2012 10:50 AM
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chewielouie     

TV's Vinnie: Isn't it illegal in the US to have any gold in coin form?


No.

www.roslandcapital.com

/What's in your safe?
//Let them play! Let them play!

15 Dec 2012 11:20 AM
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Dear Jerk     
1. After gold prices becked in 1980, they stayed close to $300/ounce until they becked again recently.
2. The appraisal may be giving book value to the coins. Good luck selling at that price.
3. You can buy US gold denominational coins at right around melt value today.
4. It's a nice haul at any rate and I would advise to sell.
5. It was mostly illegal to own gold from 1933 thru 1974.

15 Dec 2012 11:35 AM
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KrispyKritter    [TotalFark]  

Rich Cream: Sigh. The man was a miser, not a hoarder.


One more reason to love Fark: Farkers are smarter than shiat. Farkers are smarter than the Average Bear. Farkers are well spoken classy individuals that are a pleasure to associate with.

/yes, that's more than 1 reason but I'm generous around the Holidays

15 Dec 2012 11:42 AM
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nealpolitan     
I'm no lawyer but having experienced it, it is standard practice that an executor of an estate gets a cut of the estate. Usually it's set out in a will but in the case of a death without a will - each State has guidelines for executor compensation.

15 Dec 2012 11:44 AM
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Ronin_S     
In other news, a mild-mannered substitute teacher went missing today...

Well, she sounds pretty sane, getting a court order and stuff. Hope she invests in some good security to keep the inevitable crooks from trying to sue her over ridiculous things or give her sob stories or kidnap her.

/think I'd go into hiding for a looonnngggg if I ever got that much money

15 Dec 2012 11:45 AM
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The Southern Dandy     
Hey boss, look at the 3 wheel barrows of gold we found.

Great, I'll inform the state of the 2 wheel barrows of gold you found.

15 Dec 2012 11:47 AM
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Ronin_S     
Arlene's a guy's name, wth?

15 Dec 2012 11:48 AM
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ur14me     

Dear Jerk: 1. After gold prices becked in 1980, they stayed close to $300/ounce until they becked again recently.
2. The appraisal may be giving book value to the coins. Good luck selling at that price.
3. You can buy US gold denominational coins at right around melt value today.
4. It's a nice haul at any rate and I would advise to sell.
5. It was mostly illegal to own gold from 1933 thru 1974.


WTF does "becked" mean?

15 Dec 2012 11:58 AM
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cptjeff    [TotalFark]  

Ronin_S: In other news, a mild-mannered substitute teacher went missing today...

Well, she sounds pretty sane, getting a court order and stuff. Hope she invests in some good security to keep the inevitable crooks from trying to sue her over ridiculous things or give her sob stories or kidnap her.

/think I'd go into hiding for a looonnngggg if I ever got that much money


Oh, that shiat's already in a bank vault somewhere. Probably the first thing the executor did upon finding it- rent some vault space at the local wells fargo and have them bring an armored truck to transfer it. Bill it to the estate, of course, a coin or two would more than cover the cost.

15 Dec 2012 11:59 AM
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CouldaWouldShoulda     
And the best news of all...she can now afford to buy some 18 year old boys who just look younger to have sex with.

15 Dec 2012 12:34 PM
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gja    [TotalFark]  

CouldaWouldShoulda: And the best news of all...she can now afford to buy some 18 year old boys who just look younger to have sex with.


OH snap......!
1.bp.blogspot.com

15 Dec 2012 12:39 PM
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geoduck42     

ur14me: WTF does "becked" mean?


Unless it's a typo, I'd guess it's a reference to our old friend Glenn.

15 Dec 2012 02:40 PM
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olddinosaur     

abhorrent1: TV's Vinnie: Isn't it illegal in the US to have any gold in coin form?

No. You used to need a license for some reason but that went away in the 70's. My grandfather was a coin collector and had a bunch of gold coins.


Gold ownership was illegal from 1933 to 1974 but that only applied to bullion. You could always own numismatic coins.

Also, coins with high numismatic value accrue worth faster, and are less prone to market fluctuations.

15 Dec 2012 03:38 PM
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p51d007     
You use to hear stories like this all the time when someone "old" passed away. Once the "depression" age people pass on, stories like this will be few & far between.
I've seen a LOT of stories over the years like this, because when you didn't even have dirt to eat, because of the depression, once you got back on your feet, you saved pretty much ever nickel & dime you had and never spent it.
We won't have that problem in the future, with the "gotta spend it before you have it" crowd.

15 Dec 2012 03:50 PM
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ThighsofGlory     

nealpolitan: I'm no lawyer but having experienced it, it is standard practice that an executor of an estate gets a cut of the estate. Usually it's set out in a will but in the case of a death without a will - each State has guidelines for executor compensation.


Executor's a crap job and whoever does it ought to get paid.

15 Dec 2012 04:01 PM
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GreenSun     
Of course the government takes 95% of it.

15 Dec 2012 04:40 PM
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thisisarepeat     

TV's Vinnie: Isn't it illegal in the US to have any gold in coin form?


Yes, absolutely. There is a federally mandated minimum sentence of death for each coin. Its best to just send me any gold you come across, regardless of form, so I can safely dispose of it. Better safe than sorry. Especially if the gold is old or broken, who wants that shiat lying around where your children or pets could get into it ? Email me for the address.

15 Dec 2012 04:59 PM
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thisisarepeat     
All I ask in return is that you cover the postage.

15 Dec 2012 05:00 PM
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JonnyG     
I don't even have to read the story to know that possession of these gold coins is illegal, so they will be forfeited to the authorities.

15 Dec 2012 05:41 PM
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Suckmaster Burstingfoam     
The estate tax is presently 35%, but you get your first $10M free.

If there's no fiscal cliff deal it goes up to 37-55% after the first $1M.

Funny enough, both Fartbongo and Boner are aiming to avoid that estate tax. Because I guess it's wrong to tax the rich. Here's an article on the sitrep this second.

15 Dec 2012 05:45 PM
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nytmare     

JonnyG: I don't even have to read the story to know that possession of these gold coins is illegal, so they will be forfeited to the authorities.


Obviously you didn't have to read this thread, either.

15 Dec 2012 07:13 PM
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leadmetal     

Suckmaster Burstingfoam: The estate tax is presently 35%, but you get your first $10M free.

If there's no fiscal cliff deal it goes up to 37-55% after the first $1M.

Funny enough, both Fartbongo and Boner are aiming to avoid that estate tax. Because I guess it's wrong to tax the rich. Here's an article on the sitrep this second.


People who think the estate tax nails the wealthy and the rich are very mistaken. The real victims of the estate tax are people with family businesses including farms and ranches. Anything where large generational capital produces a middle class income. Not as many people understand the legal preparations that are required as one might think. This forces the businesses to be sold (to pay the taxes) to large corporations which of course are controlled by the wealthy we are told the estate tax is aimed at.

If the estate tax really hurt the wealthy it would have never been passed in the first place.

The estate tax is a tool of the wealthy prevent the middle class from building wealth on a generational time scale. Preventing competition in the social order. This so-called upper crust of course has methods to pass wealth from generation to generation without it being consumed in taxation.

16 Dec 2012 12:05 AM
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Dear Jerk     
The estate tax is a time honored means for preventing a class of idle rich. It is the best of all taxes. It's social engineering that predates our country. If there are problems in its execution, we should tighten the laws instead of doing away with it.

16 Dec 2012 01:24 AM
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