$2.5M in Gold Coins Found in Beat-Up Safe Sold as Scrap

by Christopher Freeburn | October 31, 2013 11:22 am

$2.5M in Gold Coins Found in Beat-Up Safe Sold as Scrap

gold coins scoop 630 flickr 300x240 $2.5M in Gold Coins Found in Beat Up Safe Sold as Scrap[1]A Texas locksmith got a major surprise when he opened an old safe that was about to be sold for scrap[2].

After working on the beaten-up safe for about 20 hours, David Molick finally pried open its door, revealing a hoard of gold coins estimated to be worth as much as $2.5 million, ABC News notes.

Molick was hired by a scrap collector to open the safe, which weighed about 3,000 pounds and showed signs of previous attempts to open it.

Once he saw its contents — which he said included 50 Krugerrands as well as un-circulated silver dollars — he contacted the Houston police, who took the hoard into custody while its ownership was determined.

According to a lawyer for the family from whose home the safe came, the scap collector was hired to remove the safe for scrap, but had agreed to return the contents of the safe if they proved valuable. The safe’s original owner passed away recently.

The coins have apparently been returned to the family.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2011/07/gold_coins_scoop_630_flickr.jpg
  2. he opened an old safe that was about to be sold for scrap: http://abcnews.go.com/blogs/headlines/2013/10/old-safe-given-away-for-scrap-filled-with-gold-coins/

Source URL: http://investorplace.com/2013/10/2-5m-gold-coins-found-beat-safe-sold-scrap/
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