Hoarder Dies With $7 Million in Gold

Posted by - Tuesday, September 18th, 2012

Walter Samaszko Jr. was a gold bug to the extreme.

A Nevada native, the 69-year-old man was found dead in his home at least a month after he died after neighbors reported a smell and noted that though they rarely saw the man, lately they hadn't seen him at all.

He lived a life of reclusion and paranoia. His neighbors said he was quiet and kept to himself, and Carson City's Clerk-Recorder, Alan Glover, said that he refused to see a doctor as he was too afraid of becoming infected from vaccinations.

His bank account was small, containing only $200.

But when officials came to clean his home, they made a shocking discovery: Samaszko had at least $7 million in gold tucked away in his home.

There was gold coins and bullion, dos-pesos, $20 gold pieces, Austrian ducats, Kruggerands and English Sovereigns from the 1840s, NBC News reported. The estimated value was based on weight, but the value of some of the rare coins could push this up even higher.

Samaszko was reportedly “anti-government,” keeping much of his valuables in his home. He had $12,000 in cash in the house and roughly $165,000 in stock accounts.

He also had a number of guns and conspiracy theory books.

From CBS:

“Nobody had any clue he was hoarding the gold,” Carson City Clerk-Recorder Alan Glover told the Las Vegas Sun, adding it was found stored in boxes in the house and garage.

Samaszko had lived with his mother in that same house since the 1960s, but she passed away in 1992. He had no will, and the closest relative that could be located was Arlene Magdanz, a substitute teacher and his first cousin from San Rafael, California. When officials tried to reach her, however, her phone number had been disconnected, and they are still attempting to get in contact with family.

In the meantime, the IRS will claim roughly $750,000 from the hoard to cover taxes. His home has been put on sale for $105,000.

Glover told CBS:

“Our goal is to get the most money for the heir.”

As long as she can be located, it looks as if cousin Arlene will be the heir. Maybe it's time to reach out to your quirky cousin that you've fallen out of touch with...you never know if he has millions in gold stashed away.


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