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Substitute teacher becomes heir to gold fortune

BY THE ASSOCIATED PRESS Published: December 15, 2012
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He said he is taking Samaszko's 1968 Ford Mustang California Special in for servicing this week or next to get it ready for sale. The classic is appraised at about $17,000.

Samaszko also had money market, stock and bank accounts totaling $165,570 and $5,330 in other property in the home. But the vast majority of the fortune was in gold coins. Appraiser Howard Herz filed his report several weeks ago listing a total of 2,695 coins appraised at more than $7.4 million.

“What some individuals have called a hoard of gold is, in fact, a quite well-thought-out investment in gold,” he wrote.

Once the gold and other property is sold off and the taxes and expenses paid, the proceeds will become the sole property of Magdanz. Those expenses include the appraisals, storage of the gold and other property, legal fees and 2 percent of the eventual proceeds that, by law, go to the public administrator who handled everything.

Glover said there have been a few callers trying to claim some or all of the gold is theirs — one of them annoying enough that Glover got a court order blocking him from further communications. None of the callers presented any evidence to support their claims, he said.

“If they have a true claim, they've got to file court papers,” he said.


Read the rest of the story on Oklahoman.com
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