12 July 2023

Awesome treasure found in Kentucky

A Kentucky man got the surprise of his life while digging in his field earlier this year: a cache of over 700 coins from the American Civil War era.

The "Great Kentucky Hoard" includes hundreds of U.S. gold pieces dating to between 1840 and 1863, in addition to a handful of silver coins...

According to the Numismatic Guaranty Co. (NGC), which certified the coins' authenticity, and GovMint, where the coins were sold, 95% of the hoard is composed of gold dollars, along with 20 $10 Liberty coins and eight $20 Liberty coins. The rarest is the 1863-P $20 1-ounce gold Liberty coin. Just one of these coins can go for six figures at auction, and the Great Kentucky Hoard boasts 18 of them...

Ryan McNutt, a conflict archaeologist at Georgia Southern University who has heard about but not seen the hoard, told Live Science in an email that "given the time period and the location in Kentucky, which was neutral at the time, it is entirely possible this was buried in advance of Confederate John Hunt Morgan's June to July 1863 raid." 

Many wealthy Kentuckians are rumored to have buried huge sums of money to prevent it from being stolen by the Confederacy. James Langstaff left a letter saying he had buried $20,000 in coins on his property in Paducah, William Pettit buried $80,000 worth of gold coins near Lexington, and Confederate soldiers quarantined for measles reportedly stole payroll and hid it in a cave in Cumberland Gap. None of these caches has ever been recovered...
There is an "unboxing" video here, reportedly filmed as the trove was being unearthed.  I love treasure stories, but if this hoard was found on the farm in Kentucky where I lived in the 1970s, I'm going to be distraught.

1 comment:

  1. The face value of those 800+ coins comes to about $1500.00.

    ReplyDelete

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