PREV ARTICLE
NEXT ARTICLE
FULL ISSUE
PREV FULL ISSUE
V11 2008 INDEX
E-SYLUM ARCHIVE
MORE ON THE OHIO CASH HOARD
Regarding the 2006 cash hoard discovered in the Cleveland area, I wrote:I've not seen a numismatic account of the note hoard. Is
anyone aware of the contents? Were there National Bank notes? It would be
a shame if the contents were never recorded for posterity. Would buyers
pay a premium for notes traceable to a particular hoard?
The hoard contained $182,000 face value of "Depression-era" U.S. paper money. When the owner of the home and the contractor who found the hoard hidden behind a wall couldn't agree on how to divide the treasure, the deal fell apart.
Myron Xenos writes:
I was supposed to handle the distribution of this hoard,
until greed set in. The homeowner, Amanda Reece, is the friend of a client
of mine, and I talked to her. Bob Kitts, her contractor, sued her, made it
public, and lawyers for the original owner got involved. She claimed
$60,000 was stolen from her closet, took a trip to Hawaii, and is now
considering bankruptcy.
To answer your question, I wanted to have the bills certified, given a hoard name, and sold in that method. People will definitely pay more for an item which has an interesting story attached. I know I would have liked a certified piece of D.B. Cooper money.
The whole situation is really unfortunate. There would have been big 6-figure money involved and I am sure some of the notes got damaged. I have never heard of any of the bills surfacing, so I guess this is not the end of the story.
To answer your question, I wanted to have the bills certified, given a hoard name, and sold in that method. People will definitely pay more for an item which has an interesting story attached. I know I would have liked a certified piece of D.B. Cooper money.
The whole situation is really unfortunate. There would have been big 6-figure money involved and I am sure some of the notes got damaged. I have never heard of any of the bills surfacing, so I guess this is not the end of the story.
Bob Neale forwarded this image from the Star-News. He writes:
There were seven $500 notes shown and one $1000. It
looked like seven notes are Federal Reserve District D and one is G, but
the images weren't clear enough to be certain of that.
I located this CBS news video from December 2007. It
pictured some of the bills, and yes, there were National Bank notes.
-Editor
Amanda Reece had planned on sinking money into
her nearly 90-year-old house, not pulling money out. It was more of a fixer-upper than I thought, Reece told CBS News correspondent Cynthia Bowers.
So, imagine her surprise when her contractor,
Bob Kitts, called to say he'd found a hidden treasure - inside the
bathroom wall. I open up one of the envelopes, tear open the corner and there's a $50 bill. I thought I was going to pass out, Kitts said.
The total? One hundred and eighty-two thousand dollars, many of them rare bills dating from 1929, worth an estimated half-million dollars.
To view the CBS video, see: "Finders, Keepers" For Hidden Treasure? (http://www.cbsnews.com/stories/2007/12/13/eveningnews/main3617369.shtml)
Wayne Homren, Editor
The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.
To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com
To subscribe go to: https://my.binhost.com/lists/listinfo/esylum
All Rights Reserved.
NBS Home Page
Contact the NBS webmaster
