Dutch Shultz Treasure

[Jstelt34]

I live in the Catskill mountains and have heard the legend many times. I’ve researched a bit, and read about other hunts that have gone out looking for it. I’m curious to know if anyone here has ever looked for it, or if they have some information about it they would be generous enough to share.

 

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[SD51]

Sorry, no help here, but did the guys from that era hide paper money versus coinage? Always wondered what condition paper money would be in, which of course depends on what it's stored in before being buried.

 

[SD51]

Guess I should have done some research before typing...

Shortly before his death, fearing that he would be incarcerated as a result of Dewey's efforts, Schultz commissioned the construction of a special airtight and waterproof safe into which he placed $7 million in cash and bonds (the equivalent of $130,875,985.40 in 2019 dollars).[22] Schultz and Rosenkrantz then drove the safe to an undisclosed location somewhere in upstate New York and buried it. At the time of his death, the safe was still interred; as no evidence existed to indicate that either Schultz or Rosenkrantz had ever revealed the location of the safe to anyone, the exact place where the safe was buried died with them. Schultz's enemies are said to have spent the remainder of their lives searching for the safe. As the safe has never been recovered, treasure hunters have annually returned to look for it in the Catskills. One such meeting became the documentary film Digging for Dutch: The Search for the Lost Treasure of Dutch Schultz.

 

[Jason in Enid]

"waterproof" from 100 years ago doesnt mean anything today. Whatever used to seal the opening is likely rotted and compromised. Even the walls of the container are likely rusted through, so $7M in cash is likely unidentifiable mush now.

 

[RTH]

A couple of things come to mind about this.

- It is quite possible that gold coins and bullion would have been included in such a large cache.
- If the "Vault" was considered waterproof back at the time, it is quite possible that it remained water tight until today or at least for several decades.
- I would research the area for places that Schultz would have been familiar with to get an idea of likely areas he would have felt comfortable stashing his treasure.
- Anything that would be associated with the cache would have collector or archival value just for the historic ties.

Good Luck, I would love to hear about your success!

 

[teleprospector]

Try to watch a recent program on the travel channel called mission declassified Dutch Schultz with host Christof Putz.
Jon

 

[Honest Samuel]

There were so many treasure hunters seeking his treasure, that I cannot count that high. The story is true.