Neenah Daily Times April 8, 1886

[gofishwi]

Interesting old newspaper article.



Don

 

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[lastleg]

My question is how did the newspaper know the value ($2,000) if they were foreign?

 

[gofishwi]

My question is how did the newspaper know the value ($2,000) if they were foreign?

Back in the 1800's, there was a lot of different gold and silver coins in circulation. Value was determined by the amount of the metal present. Pesos were actually worth a little more than a dollar to most people because they had higher silver content than say the Morgan dollar. Some people from this time period would only accept "hard money". They didn't trust being able to buy things with greenbacks. Many people did not care who produced a gold coin, trusting only that they had a certain amount of gold in their possession. The value was in the amount of gold they had, not face value of the coin.

 

[gofishwi]

My question is how did the newspaper know the value ($2,000) if they were foreign?

After a little more investigation, I discovered that the bank valued the gold. The second newspaper article was more lengthy and said it was worth $12,000. This paper is the Greensburg Standard April 9, 1886.

 

[Frankn]

Hay good work on the article and the followup. But now search for an article on a cache that hasn't been found. Good luck, Frank...

 

[gofishwi]

Hay good work on the article and the followup. But now search for an article on a cache that hasn't been found. Good luck, Frank...
View attachment 913913

How about one that may still be partially there?



Neenah Daily Times July 13, 1886

 

[rwd mo]

That guy must have been wealthy to bury that much money back then or had a business or a bank.shortribs

 

[adamjy12345]

gofishwi, Where did you go to look for articles like this?