The cache IS located at the given coordinates, however you must qualify for this challenge before you can log it as "found". Keep reading to understand the challenge and see if you qualify.
Along the way as a geocacher, you can earn special awards called "Souvenirs". You are guaranteed to have at least 1 souvenir as long as you have found at least one cache; you get a souvenir for every State or Country you have found a Geocache in, and you can earn them for special events, such as "International Geocaching Day" (August 6th), or "International EarthCache Day" (October 12th). As I understand it, every August Geocaching.com will set out some extra souvenirs as incentives to do special things.
As of writing this cache, I have 63 souvenirs.!
This challenge is set up as something to strive for as you start geocaching, and know that you can always check Geocaching.com for updates and when the next souvenir may be, as well as making sure you pick up a cache every time you travel to a new place!
I also know that during August 2013, Geocaching.com allowed geocachers to receive a souvenir for every single day in August just for finding any cache each day, meaning those who cached every day in August 2013 have at least 31 souvenirs just from that event. As such, this challenge will be extremely easy for some to qualify for, and some of us who started after that date will take a long time to get that many souvenirs, so this challenge is meant to be an easier one to shoot for on the way up to 60 souvenirs.
As usual, to qualify for this challenge, simply show me either an image of your statistics page saying how many souvenirs you have, or simply type in and make sure your profile is set to "Public" so I can verify it if needed. I understand that life happens, so if you need extra time to display your qualifications say so in your log, but be reasonable about it. Those who don't prove their qualifications within a reasonable amount of time may have their logs deleted so please be respectful and only log it as found if you are able to post your qualifications in a reasonable time.
You may also stop by, sign the log, and do a "write note" saying that you have signed the log but do not qualify yet, that way you can switch it to a "Found It" log when you reach the qualifications without having to go back to sign the log again. This can make things easier for those who are traveling or do not live close. I will not delete any "write note" logs so even if it takes you 20 years, I will leave it there for you to change at a later date.