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Millions in Gold Coins Found Hidden in Home

September 19, 2012 – Months passed after a man died in a modest Carson City, Nevada home before boxes of gold worth millions were found in boxes inside his house.

Walter Samaszko Jr., 69, died peacefully in his home in June. Authorities said his body was not found until nearly a month later when neighbors called the authorities.

Joe Baxter, a neighbor who lives across the street said Samaszko was a good neighbor and he never saw him that much. When the house was put up for sale following Samaszko’s death, the realtor, who is a friend of Baxter’s, asked him if he wanted to come over and take a look at some of Samaszko’s belongings.

The local area has a very strong gun culture and Baxter looked through cases of ammunition because he enjoys hunting with his nephew.

However, he uncovered much more than shotgun shells.

Baxter said he opened up a case believing it was ammunition and found instead rolls of $20 gold pieces wrapped up in aluminum foil. Baxter said he’d never see that much gold in his life or coins that old.

The realtor immediately called Carson City Clerk and Recorder Alan Glover, who said the gold is worth at least $7 million in weight alone.

The amount of it was what was overwhelming, according to Glover.

Authorities had to use a wheelbarrow to move boxes and boxes of gold from the house.

Glover recalled that Samaszko had coins minted from as early as the 1840s from a variety of countries including Mexico, Austria, England, and South America.

The gold is now being stored in a secure location.

Tony Latragna of Northern Nevada Coin said that’s a lot of gold and the coins, if they are collector’s items, could be worth a lot more than $7 million. Depending on condition, the value could go much farther above and beyond the value of the gold.

Glover also said Samaszko had $200 in his bank, stock accounts worth $165,000 and $12,000 in cash at the house.

Using records from Samaszko’s mother’s funeral, Glover was able to locate a family member, Arlene Magdanz, a first cousin in San Rafael, California. After the IRS takes their share, the rest should go to Magdanz, according to Glover.

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