- #1
Thread Owner
Gold is always exciting. Of course finding gold or gold coins in any form is even more exciting especially if you do the finding. Because the dollar amounts associated with gold are always high, gold coin hoards and discoveries are tough ones to really document.
The stories are frequently far better than the reality and many times when hoards are reported it is already too late as something has happened to the coins in that they have been turned into banks or sold or melted. It makes tracking down real gold coin hoards a very difficult process. That process is not only difficult, but also incomplete as many times someone finding gold tells no one.
Throughout U.S. history, however, there have been many gold hoards and finds including some valuable individual coins. The problem, however, remains one of being able to actually document the coins involved as only if that is done can we really determine the impact of the discoveries on the market today.
Typical of the problems found in tracing actual gold hoards and discoveries is the story recounted by Q. David Bowers in his book American Coin Treasures and Hoards of a 1908 discovery of a Kellogg & Co. $20 gold coin that unexpectedly was discovered not in the San Francisco area but rather Nebraska.
http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=7375
The stories are frequently far better than the reality and many times when hoards are reported it is already too late as something has happened to the coins in that they have been turned into banks or sold or melted. It makes tracking down real gold coin hoards a very difficult process. That process is not only difficult, but also incomplete as many times someone finding gold tells no one.
Throughout U.S. history, however, there have been many gold hoards and finds including some valuable individual coins. The problem, however, remains one of being able to actually document the coins involved as only if that is done can we really determine the impact of the discoveries on the market today.
Typical of the problems found in tracing actual gold hoards and discoveries is the story recounted by Q. David Bowers in his book American Coin Treasures and Hoards of a 1908 discovery of a Kellogg & Co. $20 gold coin that unexpectedly was discovered not in the San Francisco area but rather Nebraska.
http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=7375
