<< <i>He shined his flashlight in, and noticed two small jars filled with silver dollars. He took a quick peek at them, and only saw that they were very worn “U.S. silver dollars”. He’s not a collector, so he couldn’t even tell me if they were Peace or Morgans, although he did see dates from the 1930’s. >>
Us silver dollars dated in the 1930s? Either he doesn't know a silver dollar or he found a counterfeiter's stash. Also small jars filled with silver dollars? >>
Spoken like a true Morgan Dollar collector. Peace Dollars (1921-1935) would, however, still qualify for "dates from the 1930's". >>
D'oh! Well, now I know I need to sell my Peace collection. LOL! Thanks for the spank, coinguy. I definitely know better.
<< <i>He shined his flashlight in, and noticed two small jars filled with silver dollars. He took a quick peek at them, and only saw that they were very worn “U.S. silver dollars”. He’s not a collector, so he couldn’t even tell me if they were Peace or Morgans, although he did see dates from the 1930’s. >>
Us silver dollars dated in the 1930s? Either he doesn't know a silver dollar or he found a counterfeiter's stash. Also small jars filled with silver dollars? >>
Spoken like a true Morgan Dollar collector. Peace Dollars (1921-1935) would, however, still qualify for "dates from the 1930's". >>
D'oh! Well, now I know I need to sell my Peace collection. LOL! Thanks for the spank, coinguy. I definitely know better. >>
SELL them? You're kidding, right? They're worthless, which is the reason they were left in the home in the first place.
We all know the right thing to do is to inform the the owner (not necessarily 'seller') about the coins. But who is the owner? Maybe asking the 93 year old grandmother about saving coins in general may assist in determining if she or her husband were. If not, they obviously belonged to some other previous owner and it has therefore already been sold, unclaimed coins included.
"Acts of folly are the only things that one doesn't regret in life"
Dates from the 30's means Peace Dollars! Maybe theres a 34-S in there........................or maybe a 35-S!
Doesn't really matter since it appears obvious that the previous owner had no clue as to what was in there. I would inform the seller of your find and ask them what they would like to do. Who knows, maybe they'll convey!
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
<< <i>Update: The house closed, and I reviewed the "treasure". Pretty damn disappointing. Apparently my friend can’t distinguish silver dollars from half dollars?
Here's what he found:
Only 4 Silver dollars (Morgan), in Good/Very Good.
1898-0 1900-O 1921-D 1921-P
1 Eisenhower dollar
51 Walking Liberty halves (all late dates after 1938, in Good –Very Fine)
49 Franklin halves (all common dates, most VG – VF. Three AUs. 1 MS)
65 1964 Kennedy halves
42 40% silver Kennedy halves
Dave >>
Hold your tongue between your thumb and adjacent finger and say "Pirate ship">
Remember that parable in the Gospels - the one about the pearl of great price. It seems a buyer was aware that there was a treasure in a field, and sold all that he had to purchase the field. The record is silent as to whether the seller knew about it, I think we can safely assume that he did not. Jesus makes no value judgment as to the morality of the buyer - in fact he compares it to someone giving up their life for the gospel and in so doing gaining the Kingdom of Heaven. I'm not ready to call that a tacit endorsement but it is curious.
Regarding the cached property here, this is what is called "mislaid property" in legal parlance. It is distinguished from "lost property", which is something lost through carelessness or negligence. Lost property goes to the finder, since it is unlikely that the original owner can be identified. "Mislaid" property goes to the current landowner, since it is more likely that something deliberately hidden will be sought by the person who stashed it, at that location. In this situation, if you bought the property and the find was revealed, it would be up to the former homeowner to prove title - difficult to do in this case.
Still, it just seems to me that the "right" thing to do in this case is to reveal the find, when it was made. Then, it is up to the seller to do the right thing, and share part of the loot. This is way it SHOULD work.
Comments
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<< <i>He shined his flashlight in, and noticed two small jars filled with silver dollars. He took a quick peek at them, and only saw that they were very worn “U.S. silver dollars”. He’s not a collector, so he couldn’t even tell me if they were Peace or Morgans, although he did see dates from the 1930’s. >>
Us silver dollars dated in the 1930s? Either he doesn't know a silver dollar or he found a counterfeiter's stash. Also small jars filled with silver dollars? >>
Spoken like a true Morgan Dollar collector.
D'oh! Well, now I know I need to sell my Peace collection. LOL! Thanks for the spank, coinguy. I definitely know better.
NSDR - Life Member
SSDC - Life Member
ANA - Pay As I Go Member
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<< <i>He shined his flashlight in, and noticed two small jars filled with silver dollars. He took a quick peek at them, and only saw that they were very worn “U.S. silver dollars”. He’s not a collector, so he couldn’t even tell me if they were Peace or Morgans, although he did see dates from the 1930’s. >>
Us silver dollars dated in the 1930s? Either he doesn't know a silver dollar or he found a counterfeiter's stash. Also small jars filled with silver dollars? >>
Spoken like a true Morgan Dollar collector.
D'oh! Well, now I know I need to sell my Peace collection. LOL! Thanks for the spank, coinguy. I definitely know better. >>
SELL them? You're kidding, right? They're worthless, which is the reason they were left in the home in the first place.
NSDR - Life Member
SSDC - Life Member
ANA - Pay As I Go Member
<< <i>You people who are bashing the buyer, would it make a difference in your mind if he didn't discover it until after he closed on the property? >>
I believe that he would still have an ethical duty to try to find out whether the seller owned the coins and if so, return them to him/her.
We all know the right thing to do is to inform the the owner (not necessarily 'seller') about the coins. But who is the owner? Maybe asking the 93 year old grandmother about saving coins in general may assist in determining if she or her husband were. If not, they obviously belonged to some other previous owner and it has therefore already been sold, unclaimed coins included.
"Keep your malarkey filter in good operating order" -Walter Breen
Doesn't really matter since it appears obvious that the previous owner had no clue as to what was in there. I would inform the seller of your find and ask them what they would like to do. Who knows, maybe they'll convey!
The name is LEE!
<< <i>Update: The house closed, and I reviewed the "treasure". Pretty damn disappointing. Apparently my friend can’t distinguish silver dollars from half dollars?
Here's what he found:
Only 4 Silver dollars (Morgan), in Good/Very Good.
1898-0
1900-O
1921-D
1921-P
1 Eisenhower dollar
51 Walking Liberty halves (all late dates after 1938, in Good –Very Fine)
49 Franklin halves (all common dates, most VG – VF. Three AUs. 1 MS)
65 1964 Kennedy halves
42 40% silver Kennedy halves
Dave >>
Hold your tongue between your thumb and adjacent finger and say "Pirate ship">
Regarding the cached property here, this is what is called "mislaid property" in legal parlance. It is distinguished from "lost property", which is something lost through carelessness or negligence. Lost property goes to the finder, since it is unlikely that the original owner can be identified. "Mislaid" property goes to the current landowner, since it is more likely that something deliberately hidden will be sought by the person who stashed it, at that location. In this situation, if you bought the property and the find was revealed, it would be up to the former homeowner to prove title - difficult to do in this case.
Still, it just seems to me that the "right" thing to do in this case is to reveal the find, when it was made. Then, it is up to the seller to do the right thing, and share part of the loot. This is way it SHOULD work.