Argentine police seize 19th-Century gold ingot worth $2m

Argentine police seize 19th-Century gold ingot worth $2mArgentine authorities have arrested two Paraguayan men who attempted to smuggle a 19th Century gold ingot worth more than $2 million.

The ingot, which has been confiscated by Argentina's tax authorities, weighed 25 kilograms (55 pounds) and was stamped with the inscription "Central Bank of Paraguay – 1824," ABC.es reported (in Spanish).

One of the men told officers they had bought it from a group of indigenous people for about $50,000.

The piece is thought to have been buried for safekeeping by a wealthy family during the war of the Triple Alliance in 1864-1870, when Paraguay fought against Argentina, Brazil and Uruguay.