Thursday, 14 July 2016

The Saddle Ridge Hoard

The Saddle Ridge Hoard is the name given to identify a treasure trove of 1,427 gold coins unearthed in the Gold Country of the Sierra Nevada, California in 2013. Collectors scooped up the gold coins from the Saddle Ridge Hoard at a brisk pace. Nearly half of the 1,427 coins sold within the first dozen hours at per coin prices ranging from $2,500 to $10,000. The collection was estimated in value of at least $10 million.

The treasure of gold pieces were discovered in buried cans on a couple’s private land. They went on sale May 27, 2015 on the websites of Kagins.com and Amazon.com.
The Saddle Ridge 1866-S No Motto Double Eagle is one of the best ever discovered, it is valued at close to $1 million.

Broken out by type, the hoard consists of 1,373 $20 Double Eagles, 50 $10 gold coins and 4 $5 gold coins.
"John: Years ago, on our first hike, we noticed an old tree growing into the hill. It had an empty rusty can hanging from it that the tree had grown around – that was right at the site where we found the coins… At the time we thought the can might be a place for someone to put flowers in for a gravesite – something which would have been typical at the time.

There was also an unusual angular rock up the hill from where the coins were buried – we’d wondered what in the heck it was. It wasn’t until we made the find that we realized it might have been a marker: starting at the rock, if you walk 10 paces towards the North Star, you wind up smack in the middle of the coins!"