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
Arlene Magdanz
Arlene Magdanz
Arlene Magdanz
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.