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Thread: 17 Tons of gold in New Mexico

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  1. #16
    us
    Seeker of lost treasure's

    Oct 2005
    C.R. HKt.B Sometimes there's not a right way, or a wrong way. Sometimes there's only one way.
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    Re: 17 Tons of gold in New Mexico

    They didn't fly it all in on one trip dude.
    Sometime's there's not a right way, or a wrong way.
    Sometime's there's only one way.

    Where there is no economy, people will create one.

    No one rule fit's all

    '' 17 Tons of Gold in New Mexico " Thread started in 2005.

  2. #17
    Charter Member
    om
    Jan 2006
    SoCal
    Modded SD2000 / Fisher FX-3 / Fisher Gemini / Schiebel MIMID
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    Re: 17 Tons of gold in New Mexico

    Quote Originally Posted by lou423
    think about it...it was the late 20's...at that time no airplane could carry 17 tons of anything....Even today it would take a lot of time and effort to manage such a heavy load...
    I believe that some gold was stached, but not 17 tons....
    Do a little research! Supposedly they flew in about 1500 lbs. per trip. All the flights took about 4 to 5 months to complete. As for the amount stashed, as stated in my previous posting, ALL the stories give the same amount for a reason: The letters between the Mexican Miners Representatives and the US Government are available through the Freedom of Information Act.
    Check out 1ORO1.COM

  3. #18
    us
    Aug 2005
    Warrenton, VA
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    Re: 17 Tons of gold in New Mexico

    Seventeen tons is a PILE of gold (even more than Tennessee Ernie Ford could dig in a day) but I'm having a mental problem with it. Is this seventeen tons of 2000 pounds times 16 ounces or 2000 pounds times 12 ounces? Sounds like a silly question but that avoirdupois(SP?) weight confuses my small brain.

    grizzly bare

  4. #19
    us
    Seeker of lost treasure's

    Oct 2005
    C.R. HKt.B Sometimes there's not a right way, or a wrong way. Sometimes there's only one way.
    1,759
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    All Types Of Treasure Hunting

    Re: 17 Tons of gold in New Mexico

    Grizzly, I think it's 16 ounces, I think I know someone that will know
    for sure. I will ask them. I know they cast it in 33 kilos
    one bar would be @ 72.6 pounds. Your question is not silly, it could
    shead some new lite on this subject.
    I have done two searches for this treasure. Its a long drive for me. So
    I try to have at least one other target to search for
    when I'm there. If things go right I hope to be back out there in med
    to late April. My thoughts are, at one time this gold was buried out
    there. It may all yet be there. Or maybe, it was removed. I don't think
    anyone knows for sure. If it was removed maybe they missed a bar or
    two. I would be happy with one bar. I enjoy doing the research, and
    getting out in the field and searching for it. Ever now and then. Someone
    comes up with a new take on it. Like gollum, He could be right, I'm not saying he isn't.
    If he feels he has a good lead on it, I hope he makes a search for it in
    his target area, before someone else doe's
    Clayton.....Roadquest
    Sometime's there's not a right way, or a wrong way.
    Sometime's there's only one way.

    Where there is no economy, people will create one.

    No one rule fit's all

    '' 17 Tons of Gold in New Mexico " Thread started in 2005.

  5. #20
    us
    Aug 2005
    Warrenton, VA
    Garrett CX II/Sovereign SX-2a Pro/Quattro
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    Re: 17 Tons of gold in New Mexico

    Roadquest,
    Happy with one bar? I'd guess so! Even at 12 ounces to the pound, that one bar would be worth 470 thousand dollars! at 16 ounces per pound something like six hundred thousand.
    Now let's go find one each!

    grizzly bare
    Not greedy, just wants it all!

  6. #21
    us
    Feb 2006
    AZ
    Polygragh and if needed sodium P
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    2 times

    Re: 17 Tons of gold in New Mexico

    The ounce to pound ratio is this
    72.6 Pounds x 16 Ounces(16OZ to a pound)=1161.6 OZ X spot price at close 3/10/06 $540.80 would come out to $628193.28

  7. #22
    us
    Seeker of lost treasure's

    Oct 2005
    C.R. HKt.B Sometimes there's not a right way, or a wrong way. Sometimes there's only one way.
    1,759
    25 times
    All Types Of Treasure Hunting

    Re: 17 Tons of gold in New Mexico

    Ya know grizzly bare and MesaBuddy, there may just be enff
    there for all of us, you guys want to go with me in late April
    to make a search?
    Clayton
    Sometime's there's not a right way, or a wrong way.
    Sometime's there's only one way.

    Where there is no economy, people will create one.

    No one rule fit's all

    '' 17 Tons of Gold in New Mexico " Thread started in 2005.

  8. #23
    us
    Feb 2006
    AZ
    Polygragh and if needed sodium P
    368
    2 times

    Re: 17 Tons of gold in New Mexico

    I might be able to swing it,I will be up there around the Cortez,CO area at one of my haunts in April
    pm me Clayton and when we get up there I will show you what the old man told me

  9. #24
    us
    Feb 2006
    AZ
    Polygragh and if needed sodium P
    368
    2 times

    Re: 17 Tons of gold in New Mexico

    Here's another equation 17ton=19,747.2 ouncesX$540.80=$10679285.76
    Give or take a little that has been found,not bad for a few days work

  10. #25
    us
    Aug 2005
    Warrenton, VA
    Garrett CX II/Sovereign SX-2a Pro/Quattro
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    Re: 17 Tons of gold in New Mexico

    I feel fairly certain that it's going to take a MAJOR search to find this one. I just don't have the time right now. Finally close to making a deal with a guy who owns a salvage boat with a (forgive the pun) boatload of equipment. I think we're going to be heading to Tampa Bay for a week and then the Suwanee River area for a couple of months.
    If you do head to ShipRock, good luck. Hope you strike it rich.
    (Be sure to post pics)

    grizzly bare

    I'm still confused about gold weighing/measuring systems.

  11. #26
    us
    Seeker of lost treasure's

    Oct 2005
    C.R. HKt.B Sometimes there's not a right way, or a wrong way. Sometimes there's only one way.
    1,759
    25 times
    All Types Of Treasure Hunting

    Re: 17 Tons of gold in New Mexico

    I sent you a PM MesaBuddy. Roadquest
    Sometime's there's not a right way, or a wrong way.
    Sometime's there's only one way.

    Where there is no economy, people will create one.

    No one rule fit's all

    '' 17 Tons of Gold in New Mexico " Thread started in 2005.

  12. #27
    us
    Seeker of lost treasure's

    Oct 2005
    C.R. HKt.B Sometimes there's not a right way, or a wrong way. Sometimes there's only one way.
    1,759
    25 times
    All Types Of Treasure Hunting

    Re: 17 Tons of gold in New Mexico

    grizzly bare, You are right it may take a major search to recover this one.
    So, I'm just going to try and use some logic, with research I have, and
    take another shot at it. Who knows? Maybe I will get lucky. If not, I love
    I'm love doing this stuff anyway. I hope your deal with the guy with the
    salvage boat works out. Sounds like like you will be on the water for most
    of the summer. Work hard to find the treasure, but take some time to have
    some fun to.
    Clayton
    Sometime's there's not a right way, or a wrong way.
    Sometime's there's only one way.

    Where there is no economy, people will create one.

    No one rule fit's all

    '' 17 Tons of Gold in New Mexico " Thread started in 2005.

  13. #28
    us
    Aug 2005
    Warrenton, VA
    Garrett CX II/Sovereign SX-2a Pro/Quattro
    589
    1 times
    Honorable Mentions (1)

    Re: 17 Tons of gold in New Mexico

    Let's try it in the measurement of precious metals.

    Weights (Troy and Apothecaries)
    Troy Weight 24 grains = 1 pennyweight
    20 pennyweight = 1 troy oz
    12 troy oz = 1 troy lb
    Apothecaries Weight 20 grains = 1 scruple
    3 scruples = 1 drachm
    8 drachms = 1 apothecaries oz


    Troy weight is a system of weights used for precious stones and metals. The troy pound is no longer in legal use, but gold is still sold in troy ounce bars. Apothecaries weight was used for measuring drugs and medicines. Both systems had the grain, ounce and pound in common (since a troy ounce was the same as an apothecaries oz).

    A pennyweight was called that because it was the weight of a silver penny.

    A scruple is derived from the Latin for a small stone, because it's a very small weight. We also use scruple to mean your conscience pricking you like a small sharp stone in your shoe!

    These weights were not learned at school, because they had very specialised use. But our normal weights tables were always marked as avoirdupois (which comes from Old French "to have weight"). The troy system dates from the 10C. The troy pound was defined as different from the avoirdupois pound in the reign of Elizabeth I (1558-1603). See this Tudor set of measures, where the table defines troy weights, and then separates avoirdupois and troy weights without giving the conversion factor!

    1 troy oz = 480 grains
    1 troy lb = 5760 grains
    1 oz avoirdupois = 437.5 grains
    1 lb avoirdupois = 7000 grains


    There is an old joke "Which is heavier, a pound of lead or a pound of feathers?" Of course, they weigh the same. But if you said "Which is heavier, a ounce of gold or a ounce of feathers?", then you could claim that the gold is measured in troy and the feathers in avoirdupois, and so the gold is indeed heavier. But a troy pound of gold is lighter than a pound (avoirdupois) of feathers!

    So, how much does this treasure weigh?

    grizzly bare

  14. #29
    us
    Seeker of lost treasure's

    Oct 2005
    C.R. HKt.B Sometimes there's not a right way, or a wrong way. Sometimes there's only one way.
    1,759
    25 times
    All Types Of Treasure Hunting

    Re: 17 Tons of gold in New Mexico

    I'm thinking they were using 16 oz to the pound. The bars were cast in 33 kilos.
    Also if you check on some of the reports, It was put at 16 tons not 17.
    If all this is true, then:

    16 tons of gold is about equel to 1 cubic yard. Actualy a little less, but alowing
    for some space between the bars, it would probably come out to nearly 1 cu. y.
    or @ 25 cu feet.

    That would make a nice big target.

    As for how much the treasure weighs, Well, when we find it next month, we will weigh
    it and see....I wish.....Clayton..Roadquest
    Sometime's there's not a right way, or a wrong way.
    Sometime's there's only one way.

    Where there is no economy, people will create one.

    No one rule fit's all

    '' 17 Tons of Gold in New Mexico " Thread started in 2005.

  15. #30
    us
    Aug 2005
    Warrenton, VA
    Garrett CX II/Sovereign SX-2a Pro/Quattro
    589
    1 times
    Honorable Mentions (1)

    Re: 17 Tons of gold in New Mexico


 

 
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