Wednesday, September 14, 2016

Gold Auction of Nevada recluse Walter Samaszko Jr.

Walter Samaszko Jr. lived a frugal life, alone, and when he died in May 2012 from heart problems his body wasn't found until a month later when neighbors complained of an odor coming from his house.

Samasko had only $200 in the bank at the time of his death but had stock accounts worth around $165,000.
After his death, a cleaning crew hired to tidy his modest, ranch style home where he had lived for four decades came upon a stunning discovery -- boxes and boxes full of gold coins and bullion collected over an unassuming lifetime. It was enough to fill two wheelbarrows. One batch, mostly bullion, was sold at auction for $3.5 million.

The final batch brought almost $ 4 million.
The hoard contained US, Mexican, British and Austrian coins dating as far back as the 1870s. They were found among cans of food in boxes labelled 'books'.

California substitute teacher Arlene Magdanz inherited Samaszko's estate after a Carson City, Nevada judge ruled that she was Walter Samaszko Jr.'s only cousin and therefore was entitled to his fortune.