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I've sent a large amount of coins to 1K7SzBTPGyyEtWsudwHpjg31LjrPf17qr4 but my bitcoin-qt client (V. 4.7.4) doesn't show any balance.

1) Under the "Receive coins" tab it shows the same address 2) The client is synced and up to date 3) Under the "Overview" tab it shows 0.00BTC for both "Balance" and "Unconfirmed" 4) Under the "Transactions" tab it shows no transactions 4) shows 278 Confirmations.

Any ideas? I am getting real worried now.

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Was this an address for a private key that you imported? Does launching the client with -rescan help? – Stephen Gornick Jan 25 '13 at 16:48
Stephen, thank you very much -rescan did the trick!! – Marc Jan 25 '13 at 18:31
@StephenGornick: Write the -rescan suggestion as an answer, I'll upvote and Marc can accept it. – D.H. Jan 25 '13 at 19:18
up vote 11 down vote accepted

Launch the client from the command line with -rescan and it will recompute the balances for all addresses in your wallet.

For Windows:

C:\> Bitcoin-Qt -rescan
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1) Shut down app 2) Start it in the command prompt as follows: bitcoin-qt -rescan 3) Wait for the process to finish as this may take a while

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