By Beth Stebner PUBLISHED: 13:03 EST, 14 December 2012 | UPDATED: 03:39 EST, 15 December 2012 Officials in Carson City, Nevada have declared a California woman the rightful owner of $7.4 million in gold coins found in the home of her late cousin. City Clerk-Recorder Alan Glover said a month's worth of genealogical research determined Arlene Magdanz, a first cousin to the late Walter Samasko Jr., was the only living relative of the man, who died in May. Inheritance: Substitute teacher Arlene Magdanz has been officially declared the rightful owner of $7.4million in gold coins found in her first cousin's garage after he died
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Substitute teacher Arlene Magdanz officially declared rightful owner of gold coins
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Walter Samasko Jr died with only $200 in his bank account, but officials discovered windfall of gold coins in recluse's garage, valued at more than $7million
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Samasko hadn't held steady job since 1968 and used investment money to purchase coins
The county clerk’s office would sell the coins and give the proceeds to @placeholder, minus about $800,000 in inheritance taxes and other expenses.