This Monday, Dec. 17, 2012 photo shows the Carson City, Nev. home of Walter Samaszko Jr. A crew sent to clean out Samaszko's house found more than $7.4 million worth of gold coins, bars and bullion left behind in the garage after his death in June. About 135 pounds (61 kilograms) of Walter Samaszko Jr.'s gold coins will be auctioned off in 11 lots Tuesday, Feb. 26, 2013, in a courtroom to pay government taxes and fees. Carson City Clerk Recorder Alan Glover says the auction will only include about half of the trove left behind when the reclusive man died in his modest Carson City home last year. An exhaustive search identified California substitute teacher Arlene Magdanz as Samaszko's first cousin and sole heir to the fortune that was decades in the making. (AP Photo/Scott Sonner)The Associated Press
CARSON CITY, Nev. – Bidders paid more than $3.5 million at auction for half of a Nevada recluse's gold collection.
Carson City's Alan Rowe of Northern Nevada Coin dominated the bidding Tuesday, winning four of the 11 lots for his own company and five for the Illinois-based Rare Coin Company of America Inc.
The total cost of his bids amounts to nearly $2.7 million — just over $617,000 of which was paid for by his local company.
Rowe says the coins have additional value because their story has captured national attention.
He adds that some of the collection will be available for locals to purchase individual coins packaged in a manner that commemorates the history behind them.
Others, he says, will be marketed nationally and perhaps on television.