Gold was discovered in the Kentucky cornfield in the last month, literally.
Over 800 of gold Civil War era coins were discovered after being dug up over 150 years back.
One of the reasons this collection uncommon is the fact that there weren’t many gold coins made in the Civil War, Louisville Numismatic Exchange President Byrd Saylor told USA Today.
It was not unusual to see people bury their cash during times of war to protect it however what could make the coins fetch an extra price is the mystery of their finding, Saylor said.
What’s Kentucky have to have to do with this?
Kentucky declared neutral at the start of Civil War as tensions ran high between southern and northern states.
In spite of the declaration of neutrality, a lot of families in the state were thrown against each other.
A dealer in rare coins was summoned to examine the coins following their discovery.
“The significance of this find cannot be overstated. the astonishing number of more than 700 gold dollars represent a time capsule for Civil War-era coins, including coins from the obscure Dahlonega Mint. The discovery of a Mint Condition 1863 Double Eagle would be an important numismatic moment. Finding a complete roll of exceptional examples is difficult to grasp,” Jeff Garrett wrote in Numismatic Guaranty Company’s press release.
What is the Great Kentucky Hoard?
The coin collection known as”the Great Kentucky Hoard consists of U.S. gold dollars and gold Liberty Coins from 1840-1863, which includes gold dollars that make up around 90% in the entire collection as per GovMint.com and the Numismatic Guaranty Corporation.
Every coin in the collection in the set was made with 90 percent silver at either one of the Philadelphia, Denver, San Francisco, New Orleans or Carson City mints.
- U.S. Gold Dollars from 1854 to.
- 10 Gold Liberty’s (20) from 1840 to 1862
- The $20 gold Liberty’s (8) between 1857 and 1862.
- The $20 gold Liberty’s (18) from 1863
- A tiny amount of silver coins
The prospect of finding gold in the earth can be described as “the most insane thing ever”
In the video uploaded on YouTube by GovMint Coins, you’ll see an individual digging up coins, which are covered in dirt and pointing out how fake the discovery was.
The coins were then sent for examination by the Numismatic Guaranty Company for certification and grade. After the dirt was cleaned and the coin experts discovered that the majority pieces were in excellent condition and received the “extremely fine to mint state” designation.
The coins in excellent condition likely to be circulated in a light manner before burial. others might have been snatched up in a bank, but not utilized.