

Otherwise I fear the day will come when we are all prohibited from doing what we love...


Good hunting.
If you liked this post, you may want to read: "3 Key Tips for Successful Treasure Hunters"
http://treasuretrovegold.blogspot.com/2008/11/3-key-tips-for-successful-treasure.html
The past few years, including 2008, have been good times for many treasure hunters throughout the world. Here are just a few of their more spectacular, "big money" finds:
Golden Chalice Found off the Florida Keys
In the early summer of 2008, a diver working for Blue Water Ventures on the wreck site of the Spanish galleon Santa Margarita, recovered a golden chalice buried in 12 inches of sand at a depth of 18 feet off the Florida Keys. The chalice, made of solid gold and ornately inscribed, is expected to bring more than $1,000,000 at auction.
Metal Detectors
Amateur Treasure Hunter Hits it Big
A trove of over 100 silver and gold coins minted in the 1st Century, B.C. has been found by a metal detector hobbyist in the Netherlands near Maastricht. This lucky soul found 11 coins himself and then other hunters and archaeologists were able to recover the rest of the trove dating from Roman times after the finder notified city authorities of his discovery (note: here's a case where keeping your mouth shut can be important. However, the finder is obviously value-driven and understands the historic value of his find). The total value of the coin hoard is about $225,000.
Spectacular Mexican Placer Nugget Found
In a series of dry arroyos and canyons just 70 miles south of the Arizona border, a Mexican nugget hunter armed with a metal detector has been recovering small placer gold nuggets for years. A few years back he finally hit the "big one." Working a new area he had previously gridded out, he began carefully covering the ground with his Radio Shack detector (so much for Minelabs, Gold Bug IIs, and Goldmasters right?).
A huge signal filled his earphones and suspecting trash, our Mexican treasure hunter instead unearthed a spectacular placer gold nugget shaped like a boot and weighing a whopping 389.4 troy ounces (32.4 troy pounds). The newly named "Boot of Cortez" nugget is the largest surviving placer gold nugget in the Western Hemisphere. It's value? $1,324,000 at a recent auction.
CostplustoolsLouisiana Steamship Treasure
Long hours of research and hard work has paid off for a small group of Louisiana treasure hunters who located the site of the sunken steamship S.S. New York in 60 feet of water in the Gulf of Mexico. A growing treasure trove of mint or uncirculated condition gold and silver U.S. coins, many of them from private mints, has been recovered thus far. The estimated value of the treasure trove is incalculable at this point, since the rarity and condition of individual coins may bring $50,000-$100,000 each. Wow! That's big money all right.
Detectorist Hits the Jackpot in England
A small-scale treasure hunter and detectorist near Nottinghamshire, England hit the jackpot when his machine sounded off on a solid gold Anglo-Saxon cross from the 7th Century. The hand-made piece of religious jewelry also contains red semi-precious stones. The estimated value of the cross is around $35,000, but its value may soar due to its unique historical importance.
There you have it. If you ever doubted that lost treasures exist out there, now you know better.
Good hunting to all.
If you liked this post, you may want to read: "Legends of Lost Gold: Pegleg's Gold Found? (Part 1)"
http://treasuretrovegold.blogspot.com/2008/10/legends-of-lost-gold-peglegs-gold-found.html
(c) J.R. 2008
Questions? E-mail me at jr872vt90@yahoo.com
(Depression-era homestead.)"Posthole Banks"
- near unusual or significant rock or earth formations
- at the base of old or large trees
- inside the walls, attics, and basements of old cabins or homes
- in flower or vegetable gardens
- beneath flooring in old barns and outbuildings
- underneath outhouses
- behind picture or photograph frames (usually currency in these)
- at preselected locations along stone walls or foundations
The Heyday of "Posthole Banks"
Believe it or not, the heyday for "posthole banks" was during the Great Depression of the 1930s in the U.S. Yes, many people literally did not have 2 nickels to rub together at the time (my mother's family from Oklahoma for one) but just as many did have that and even a bit more. Since people at the time had seen the country's financial institutions collapse (sound familiar?), they were fearful of banks and began hoarding and stashing their small savings around the old homestead.
Good hunting.

Not only did Tommy Thompson and his supporters achieve the impossible in terms of deep water treasure recovery, they brought to light an important part of American history that had vanished beneath the waves with the wreck of the Central America. The gold recovered from the wreck was not only valuable in terms of sheer amounts, but also in terms of historical and numismatic perspectives. Many of the privately minted gold coins brought up from the ocean floor from the Central America were priceless due to their rarity and condition.
More Information on the Central America
If you are interested in learning more about wreck of the Central America and Tommy Thompson's recovery expeditions you may want to read "Ship of Gold in the Deep Blue Sea" which can be purchased from most booksellers. I've read my copy more than once and each time I am just as enthralled by this astonishing treasure tale as I was the first time. Or, alternately, you can visit the S.S. Central America website at http://www.shipofgoldinfo.com/, where the full story is told and you can view many images of the spectacular gold finds recovered from the ship.
Either way, it's one heck of a story filled with more gold than you can imagine.
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If you liked this post, you may want to read: "The Lost Waterfall Mine"
http://treasuretrovegold.blogspot.com/2008/11/lost-waterfall-mine.html
(c) J.R. 2008
Questions? E-mail me at jr872vt90@yahoo.com
Although "Treasure Trove Dreams" is all about lost mines and treasures, there are certain myths and legends that I will address only in passing. Why? The simple fact that so many others have gone before me in analyzing and pursuing these treasure tales and a wealth of superior information already exists out there about them . However, I do want to list a few of these I consider to be some of the most famous:
1. The Lost Dutchman Mine
Arguably the "great grand daddy" of all lost mine and lost treasure legends, the search for Arizona's Lost Dutchman Mine continues unabated by both groups and individuals. As the story goes, a prospector and miner named Jacob Waltz made a rich gold strike somewhere within or near the Superstition Mountains. On his death bed he alluded to the riches contained therein and things have never been the same since. People have actually died or been murdered searching for this one, so be forewarned. Oh, by the way, according to 2 or 3 fortunate souls out there, the Lost Dutchman Mine has already been found....Hmmmmmm, right. (You can read more about the Lost Dutchman Mine at http://www.lostdutchmanmines.com/index.html.)
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2. The Lost Adams Diggings
In this famous treasure yarn a miner named Adams and his friends discover rich placer gold ground in a hidden canyon in New Mexico (although Arizona factors heavily in this tale as well) and then are attacked by hostile Indians. Only Adams himself lives to tell the tale. For many years afterwards Adams and others try to relocate this natural treasure trove wthout luck, and the search for the Lost Adams Diggings continues today. Once again, at least one individual online claims to have found the Diggings, but he has not proffered up any of Adams' lost gold nuggets as proof yet.
Costplustools
3. The Mystery of Oak Island's "Money Pit"
This famous treasure legend takes us to Oak Island in Nova Scotia where the search continues for what is assumed to be an elaborately "booby trapped" pirate's cache. Over the years various individuals and enterprises have drilled down into the cache area, known as the "Money Pit," without much success. Over the years some interesting artifacts and other bits and pieces of the Oak Island treasure mystery have been recovered, but unfortunately, lives have been lost in the process (for more on the "Money Pit" go to http://www.oakislandtreasure.co.uk/).
4. The Beale Treasure
In the first two decades of the 1800s Thomas Jefferson Beale supposedly buried vast amounts of silver and gold somewhere in Bedford County, Virginia. This treasure legend is one of America's best documented and most persistent (along with the Lost Dutchman Mine) and has something for everyone, including mysterious codes and ciphers and those who claim to have broken the Beale Codes (you can find more on the Beale Treasure at (http://130.94.183.27/stories/beale.html).
5. The Lost Pegleg Mine
This is one major treasure I decided to cover here in "Treasure Trove Dreams" and you can read the entire series of posts beginning with "Legends of Lost Gold: the Lost Pegleg Mine" (http://treasuretrovegold.blogspot.com/2008/10/legends-of-lost-gold-lost-pegleg-mine.html). Pegleg Smith discovers and then loses a fortune in "black gold nuggets" somewhere between San Diego and Yuma. Go figure....
Be safe out there and good hunting!
(c) J.R. 2008
Questions? E-mail me at jr872vt90@yahoo.com)
The amazing "coincidence" that 2 New Mexico treasure legends contain key individuals named Adams who both found unbelievably rich ground containing gold nuggets is a bit hard to swallow and has a bit of the smell of dead fish to me.
Still, I do believe that nearly every treasure tale has at least one element of truth to it. What that element of truth is for the Lost Nuggets of Red Hill I cannot hazard to guess. Perhaps you yourself can pick it out. If so, let me know your thoughts.
Good hunting out there.
If you liked this post, you may want to read: "Legends of Lost Gold: the Lost Pegleg Mine"
http://treasuretrovegold.blogspot.com/2008/10/legends-of-lost-gold-lost-pegleg-mine.html
(c) J.R. 2008
Questions? E-mail me at jr872vt90@yahoo.com

Other Issues to Ponder
There are a number of other issues to ponder concerning the finder's tale of discovering Pegleg's gold. He states that he used a metal detector to recover the greatest majority of the gold at the site, and that the black nuggets were recovered from the surface, to 4 inches, and then all the way to 2 feet or more.
Remember, all of this occurred in the mid-to-late 1950s. Metal detector technology for treasure hunting or coin/nugget hunting was in its infancy and the few detectors around were notoriously inefficient and problematic as well. Additionally, it takes time to become familiar with metal detector operation, especially for a novice. Something to think about, isn't it?
The proof of the pudding may be the black nuggets that were given to the editor of Desert Magazine by the alleged discoverer of Pegleg's lost gold. But the story tapers off after that. Where are the those black nuggets now? Have they ever been photographed, documented, or placed on exhibition somewhere? To my knowledge, the answer is no. So that aspect of the story remains a "will-'o-the-wisp" as well. As do the key players themselves.
Conclusion
There are probably many other inconsistencies in this tale of treasure found, and perhaps you can point them out to me. If so, please do. In my mind however, no matter how charming this story may be or how plausible it is in certain parts, overall I find it flawed and unbelievable.
If Pegleg's Lost Mine ever truly existed, then perhaps his black gold nuggets still remain in place. Somewhere out there between the Colorado River and the mountains of East San Diego County. That's a lot of territory to search. Especially based on the veracity and reliability of a well-known liar and drunkard. But there is always one small element of truth in every treasure tale.
Find that element of truth and perhaps you'll find those black gold nuggets. Then again, they may have already been found...
If you liked this post, you may want to read: "Pegleg's Lost Gold: Pros and Cons of a Treasure Tale Gone Awry (Part 1)"(c) J.R. 2008
Questions? E-mail me at jr872vt90@yahoo.com
"First thing in the morning I sorted more pebbles and added two more black nuggets to the seven already in my pocket. Then I headed back to the jeep."
This part of the story does not make sense to me. First, the finder is so excited about the prospect of having found Pegleg's lost gold that he is "paralyzed" and his mind is numb. Then, at first light the next day, he starts searching again, finds just two additional black nuggets, and decides to hightail it back to his jeep and head for civilization where he can get the black nuggets assayed.
Would you, or I for that matter, if we were certain we had found a trove of gold such as this, cease searching and head back to town right away? I think not. Most people would work frenziedly all day trying to recover as much gold as is humanly possible. Especially if we were as certain as this gentleman was of having discovered real gold. We'd want to get as much in our hands as possible before anyone else came along, or just out of basic greed, as repugnant as that thought may be. Like the famous line about gold and greed in the classic adventure film, "Treasure of the Sierra Madre" states, "even the fear of miserable death couldn't keep you away."
"Should I announce the discovery..., Should I call a newspaper...., Should I confide in my friends?"
Here the finder's narrative makes sense. The absolute worst thing any miner, coin hunter, or treasure hunter can do after making a significant discovery is to broadcast the event to others. Greed is infectious. Every Tom, Dick, and Harry will come scurrying out of the woodwork with counterclaims to either take your "goods" away from you or get a slice of the pie for themselves. This includes lawyers, land owners, government bureaucrats, and plain old "Joes" looking to score. (I know, I've had personal experience in this regard.)
I'll continue my analysis of the finder's story in a future post. Until then, take care of yourself.
If you liked this post, you may want to read: "Legends of Lost Gold: Pegleg's Gold Found (Conclusion)"
http://treasuretrovegold.blogspot.com/2008/11/legends-of-lost-gold-peglegs-gold-found_14.html
(c) J.R. 2008
Questions? E-mail me at jr872vt90@yahoo.com