Wednesday, February 26, 2014

2/26/14 Report - Ten Million Dollar Gold Coin Cache Found and The Amazing Success of the Portable Antiquities Scheme

Written by the TreasureGuide for the exclusive use of

Mint Condition Gold Rush Era Gold Coins in Container.
AP Photo:see links for more photos. 
Approximately 10 million dollars in Gold Rush era gold coins were found by a couple walking a dog.  The mint coins were buried in metal containers under a tree on the couple's property.

The amazing cache is now being called the Saddle Ridge Hoard.

Below are some of the links to that story.

Thanks to those who submitted the following links.

I don't post news about discoveries like this simply so you will be up on the news.  The reason I post them is because there is always a tip or lesson to take away.

In this case, note that the couple had been at this location many times.  It was on their own property.  And one container was brought into view when it was uncovered by recent erosion.  Each of those things provides a lesson, or at least a good reminder.

I've talked many times about detecting your own property, keeping your eyes open, inspecting any new erosion, etc.

Imagine a hoard like that.  If you didn't visually spot it first but rather detected it, imagine what the signal might have been like.  Were the containers iron?  Would you have dug it or passed it up?

If you saw a small part of the containers sticking out of the ground, would you have investigated it or ignored it?

This find was made about a year ago but is just going public before the coins are sold on

Treasure is in the air, or should I say in the media.   Mike F. from NJ sent me the link to this great article from the BBC News.  Thanks Mike.

The article says, ... Amateur archaeologists with metal detectors found 990 items classified as treasure during 2012, according to figures from the British Museum.

All of the rare coins, rings and brooches contain gold or silver, and many date back more than 1,200 years.
The public reported more than 74,000 other historical items to the Portable Antiquities Scheme, which experts say has "revolutionised archaeology".
More than 900,000 objects have been reported since it started in 1997.
The verification process takes several months, which is why the items submitted in 2012 are only being detailed now...

That's what can happen when the archaeological community works with the public.  They say it has "revolutionized archaeology."  Yet in the US we have nothing remotely similar.

Here is the link Mike sent.

Thanks again Mike.

I have a lot more to post today but got a very late start and am going to have to continue with these and other topics some other time.

It seems a lot of people are reading the previous post on groins and honey holes and want more.   I'll have to continue that some other time too.

That is all for now.