The gold that was lost is supposed to be a gold ring. And probably 12" or less deep.
In the past I have been told of other "stories" of buried treasure or lost silver and
it never turns out as they say. So I just wanted someone else to try and find a hit.
Since the property is destined for scraping and redevelopment, I will keep a watch
on the area you found and let you know what I might find.
In the first map the signal marked was deeper, so maybe a metal detector would not be able to reach depending on the type used. The 2 red circles should be metallic targets and 2 ft or less deep.