The Norman Transcript

Headlines

February 27, 2013

Auction of gold nets $3.5M

CARSON CITY, Nev. — The tale of a mysterious Nevada recluse’s gold reached a new chapter Tuesday when a portion of the trove raked in more than $3.5 million at auction.

It was the allure of mystery that pulled some bidders to the courtroom, but for others, it was the sheer value of a collection unknown to the public before Walter Samaszko Jr. was found dead in his modest home last year.

Those who converged on the auction could sense the immense value of the treasure upon arriving.

Numerous guards were at the entrance, then more in the hallway outside the courtroom, and finally several with bullet proof vests and others with helmets inside the room holding the gold.

Five bidders inspected the 11 lots of gold displayed in plastic sleeves, tubes and felt jewelry display boxes heavily guarded room before the bidding wars began.

By the time all sales were final, however, one bidder had secured nine of the 11 lots for sale.

Carson City’s Alan Rowe of Northern Nevada Coin spent $617,000 from his own company, and another $2 million on behalf of the Illinois-based Rare Coin Company of America Inc. It was the uniqueness of the gold that drove his bidding, he said.

“Every one of us has a little hoarder nature in our culture and we all like to have things, but to this degree is quite a story,” Rowe told reporters after the auction, adding that the metal value “is not as exciting as the story itself, there’s actually value to the story.”

He added that some of the coins will be available in the store or online for locals hoping to snag a piece of history. Others, he said, will be marketed nationally and likely on television.

This auction was only for the bullion coins — items that are made of gold. There will likely be a second auction for the larger portion of the collection, which is comprised of the rare coins, said Alan Glover, the public administrator for Samaszko’s estate.

For local news and more, subscribe to The Norman Transcript Smart Edition, or our print edition.

1
Text Only | Photo Reprints
Headlines
  • movieposter Movie about Moore tornado survivors premieres May 16

    MOORE — Exploring ideas of faith and hope, an Oklahoma faith-based documentary on the May 20, 2013, EF-5 Moore tornado is scheduled to premiere at the Moore Warren Theatre May 16....

    April 20, 2014 1 Photo

  • Survivors observe 19th anniversary

    OKLAHOMA CITY — Survivors, rescue workers and the family members of victims of the Oklahoma City bombing have observed the 19th anniversary of the terrorist attack....

    April 20, 2014

  • Police arrest man connected to homicide

    Norman Police have arrested Abid Sandhu, 37 years old, of Norman, on a complaint of Murder in the First Degree. Formal charges have yet to be filed. At approximately 3:35 a.m. Saturday, the Norman Police Communications Center received a ...

    April 20, 2014

  • Cody’s Run raises $14,000

    Cody Ponder’s positive attitude was infectious even while he struggled with esophageal cancer. He always worked to help others and his giving spirit inspired a 5k race to benefit struggling patients. Last year Cody’s family organized a run ...

    April 20, 2014

  • State budget talks center on cuts

    OKLAHOMA CITY — With six weeks left in the 2014 session, behind-the-scenes negotiations among the House, Senate and governor’s office are ramping up on how to plug a $188 million hole in the budget and fund programs for education, public ...

    April 20, 2014

  • Dental groups oppose measure

    TULSA — Some Oklahoma dental groups are opposing a bill in the state Legislature, proposed as a reaction to the case of an oral surgeon accused of maintaining filthy office conditions, that deals with training requirements for oral surgery ...

    April 20, 2014

  • Former mayor files for county office

    Local physician and former Norman Mayor Harold Haralson recently filed his candidacy for the Cleveland County Commission District 3 seat....

    April 20, 2014

  • Selling Norman is love at first sight

    Meeting planners who make a site visit to Norman tend to fall in love, convention and hospitality experts said this week. The staff of the Norman Convention and Visitors Bureau are commissioned with the job of promoting tourism and selling ...

    April 20, 2014

  • Green House is a homegrown business

    Nancy Muenzler was a banker in her previous life. That was before the Green House, 1708 SW 24th Street, became her passion....

    April 20, 2014

  • Conan’s martial arts moves downtown

    Conan’s Kickboxing, Karate, Boxing, Jujitsu, MMA Academy is celebrating the grand opening of a new facility right in the heart of downtown Norman at 310 E. Main St. Founded in 1996 by four-time World Kickboxing Champion Scott “Conan” ...

    April 20, 2014