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Thread: Gold Coin

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  1. #1

    Jun 2014
    California
    609
    1593 times
    All Types Of Treasure Hunting

    Gold Coin

    I was going through some of my collection and thought about this old find . Artifact Jack and me were dredging for gold on the south fork of the American river in Coloma California where the gold rush started . When this coin showed up in the riffles it was my dredge and I wanted the coin so I gave Jack half the estimated value at the time . This is when it was legal to suction dredge as a great hobby this must have been forty or more years ago when we found this five dollar gold piece . Summer an Low water year and no wetsuit needed trouble maker rapid we found plenty of pickers too but that was a day maker . New photos of old gold .
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  2. #2
    us
    Dennis

    Jan 2012
    Montana
    White's MXT
    6,328
    4873 times
    All Types Of Treasure Hunting
    Banner Finds (1)
    Nice! A day maker that was!
    Asmbandits and 1637 like this.

  3. #3
    bug
    bug is offline

    Jun 2008
    Nor Cal
    166
    226 times
    All Types Of Treasure Hunting
    Nice find! I remember a big floating dredge, like a mini house boat, at troublemaker back in the early 1990s

  4. #4
    us
    Jun 2013
    El Dorado County
    ROCKING GOLD GRABBER MINI- BGT PROSPECTOR- ANGUS MACKIRK EXPLORER- MILLER TABLE, MULTIPLE SUCKER TUBES, VARIOUS HAND TOOLS, PANS AND CLASSIFERS, FORS GOLD PLUS, MINELAB PRO 25 PINPOINTER- DIY ROD MILL
    1,402
    3064 times
    All Types Of Treasure Hunting
    great coin
    Asmbandits likes this.
    Quote Originally Posted by GoldDoozah View Post
    The fact that homo sapiens teach genetically engineered canines tricks, on the third planet of this particular star in the Milky Way, is extremely unlikely.

  5. #5
    us
    j

    Dec 2012
    wisconsin
    whites mxt
    120
    210 times
    Prospecting
    wow, pristine condition for a coin that spent 150 yrs or so in the river getting tumbled over. nice find

  6. #6
    us
    Sep 2018
    Carroll County, Maryland
    115
    115 times
    All Types Of Treasure Hunting
    Quote Originally Posted by dredgernaut View Post
    wow, pristine condition for a coin that spent 150 yrs or so in the river getting tumbled over. nice find
    I'd go back and search some more. The treasure chest just got broke open and pristine treasures are just getting lose.
    Underburden likes this.

  7. #7

    Mar 2016
    1,169
    1747 times
    All Types Of Treasure Hunting
    Gold coins were in pretty short supply in 1845!
    dredgernaut likes this.
    All treasures found with permission on private property or on active mining claims.

  8. #8

    Mar 2014
    NorCal
    Fisher GB2, Bazooka Prospector 36", EZ sluice, Blue Bowl..
    866
    1882 times
    All Types Of Treasure Hunting
    absolutely amazing find!
    beekbuster likes this.
    Come check out my California Mother lode Adventures!---->https://www.youtube.com/channel/UC4U...aqFXriPUONmEtw

  9. #9
    us
    Hunting Guide - Gold Miner

    Mar 2014
    Idaho
    121
    507 times
    Prospecting
    It doesn’t get any better than finding gold where the old timers did and also finding a piece of history to go along with it. Very cool. Thanks for sharing the photos and the story.

  10. #10
    us
    j

    Dec 2012
    wisconsin
    whites mxt
    120
    210 times
    Prospecting
    the fella that lost it probably went down with it. and floated away over time. I have dredged up change then later that day I dredged up old bones. that scared the hell out of me. started imagining all kinds of stuff , like creature from the black lagoon. I almost could walk on water I got out so fast. they were not human after all . thank goodness. lol. the change was probably from a car accident or something . many cars end up in that river every year.
    Asmbandits likes this.

  11. #11
    us
    May 2009
    Sailor Flat, Ca.
    SDC2300, Gold Bug 2 Burlap, fish oil, ACME handbook for TRUE prospectors (unread)
    5,089
    10982 times
    All Types Of Treasure Hunting
    Banner Finds (1)
    I know a guy that found an 1853 double eagle pretty close to there.

    Gold coins were heavily circulated in the 1840's and 1850's Not as much as silver and copper. But, there were millions of them.
    When you consider the population at the time. They were often carried.

    The Army paid in Gold and Silver. Enlisted paid in silver Officers got Gold and Silver.

    The infux of gold during the rush actually made silver coinage sought after affecting circulation and increasing its value.
    The weight in silver of silver in coins was actual adjusted at this time to affect hoarding of silver coins.

    There were A lot of would be and actual prospectors walking around with gold coins during the 1850's

    There is a difference between minted and circulated.. the circulation affects value (rarity)

    I've sold about thre pounds of silver coins. Though I wish I had waited a few years cosidering what I paid and when I sold.

    You will never get deals on gold coins like I did on silver. I still beat myself up over it.

    There are a lot of coins lost and not found and in my opinion many more buried in mason jars that are still there. A whole heck of a lot on old homesite's that have since been built over.

  12. #12
    us
    j

    Dec 2012
    wisconsin
    whites mxt
    120
    210 times
    Prospecting
    probably a week or so in wages with overtime.

  13. #13
    us
    May 2009
    Sailor Flat, Ca.
    SDC2300, Gold Bug 2 Burlap, fish oil, ACME handbook for TRUE prospectors (unread)
    5,089
    10982 times
    All Types Of Treasure Hunting
    Banner Finds (1)
    Quote Originally Posted by dredgernaut View Post
    probably a week or so in wages with overtime.
    I have a reprint of a journal from a guy that worked my creek and general area. 1853-58

    He had a ledger. Almost four ounces to net $70 or so bucks

    Paid off bills. $50 bucks for the months water. $15 for lumber. Not much left for a shovel.

    Three plus ounces dug by hand in a month was not worth as much back then as it is today. as far as I'm concerned
    Last edited by Goldwasher; Dec 23, 2018 at 09:05 PM.
    dredgernaut and beekbuster like this.

  14. #14
    us
    j

    Dec 2012
    wisconsin
    whites mxt
    120
    210 times
    Prospecting
    sounds like my life. lol
    Goldwasher likes this.

  15. #15
    us
    Jun 2013
    El Dorado County
    ROCKING GOLD GRABBER MINI- BGT PROSPECTOR- ANGUS MACKIRK EXPLORER- MILLER TABLE, MULTIPLE SUCKER TUBES, VARIOUS HAND TOOLS, PANS AND CLASSIFERS, FORS GOLD PLUS, MINELAB PRO 25 PINPOINTER- DIY ROD MILL
    1,402
    3064 times
    All Types Of Treasure Hunting
    50 bucks for water. the real gold in some areas
    Quote Originally Posted by GoldDoozah View Post
    The fact that homo sapiens teach genetically engineered canines tricks, on the third planet of this particular star in the Milky Way, is extremely unlikely.

 

 
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