Kentucky Gold Hoard

[t00nces2]

I just look at it as proof that part of KY was covered by a significant body of water in the mid 1800's and sympathize with the poor fellow's unfortunate boating accident.

[insidedealer]

"Not much monumental about this particular hoard" ........except for the guy that found them probably is several million dollars richer by pure luck, with now a world class stack.

Funny to see sour grapes/envy denial in action.

You're wrong if you think sour grapes/envy had anything to do with what I wrote. That thought, which you somehow devined by reading between the lines of what I wrote, never crossed my mind until I read your above thought. I would recommend avoiding reading between the lines of what I write. Even now, after reading your response, I feel no envy/sour grapes. I do feel good for the person who found the treasure, good for the person who owned the land. Whoever it is, whether it's a farmer who found the coins on his farmland under some corn, or some banker who bought some farmland to turn into condos and these coins turned up.

My words were speaking more to the marketing of these coins. A bit of a caution perhaps to those who may fall for the marketing, and some insight into buying NGC labels. And putting this "hoard" into prespective looking at many other such finds. I provided a link to the Jackson, Tn. gold coin find, which to me is more interesting. Yellowsnow, who brought us this story, understood my words better than you did. He did write that it's the graders and marketers who are making the most from here, and even them, I don't envy. But at least Yellowsnow understood what I wrote by simply reading my words and not attempting to read between the lines.


I have looked into this somewhat and the coins are not worth millions. They are valuable, perhaps "worth" the $400,000 they were bought for lock stock and barrel, or perhaps "worth" the 2 million+ they'll be sold for. Govmint I'm sure is hoping they bring a high return on their marketing investment. Still, it's all in all a nice treasure story.

[yellowsnow]

Yes, a few new discoveries can alter the prices of the top rated scarcest coins.

When I was big into Pandas, a fellow contacted me through this forum and ask me to evaluate his hoard. He only collected 1/10th. oz gold coins, but he had up to 40 in original pouches of each year. I asked him if he would sell me some and he said he would make a list and work on it.

I was working with him when suddenly no contact. I sent him a few emails, and his wife finally responded, he had passed away. I told her I had sent a list of current values to him and it should be somewhere in their house. I hope she found the list as the values of some years get pretty pricey.

thx for sharing your story.
that's one of the beauty of coin collecting, not just about the coin historical significant but also the underlying stories that go along between various owners