MAGNET FISHING YIELDS $100,000 IN CASH

James Kane has used a powerful magnet to fish all manner of junk from New York City waterways, but he says the stacks of $100 bills he pulled from a safe were something else entirely.

The couple estimates that the safe contained as much as $100,000, though the bills were partly decomposed and stuck together.

The bills featured the 3D security ribbon that indicates recent vintage, but the safe bore no clues to a rightful owner.

Kane and Agostini said they called the police to report their discovery and were told there was no evidence of a crime.

They gave it to us, as, I guess you call it a finders keepers thing, Kane said.

People who dabble in the hobby heave long ropes into the water attached to powerful magnets, some capable of staying latched to objects weighing 2,000 pounds (907 kilograms). They drag the lines through water and muck, hauling up objects that would likely go unfound by a beachcomber with a metal detector.

Kane, 40, said he and Agostini, 39, plan to take their soggy money to the Bureau of Engraving and Printing in Washington to redeem it, though he acknowledged some portion of the bills will likely be too damaged to recover.

To read the complete articles, see:
New York magnet fisher catches safe full of soggy $100 bills, he says (https://apnews.com/article/magnet-fisher-catches-cash-filled-safe-d5a1ddb6a5accbf65542dfbab444c0f6)
Queens couple finds safe with estimated $100k in cash while 'magnet fishing' (https://ny1.com/nyc/all-boroughs/news/2024/06/01/-magnet-fishing--queens-couple-finds-safe-full-of-cash#)

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