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Have you heard about the Saddle Ridge coin hoard?
It’s one of the most famous U.S. coin hoards ever, and it was discovered by a Sierra Nevada, California couple on their rural property in February 2013.
The 1,427 gold coins — all half eagles, eagles, and double eagles dated from 1847 and 1894 and buried in 8 coffee cans — have a combined value of some $10 million.
It is the largest-known hoard of gold coins that has ever been found in the U.S!
There was $27,980 in face value among the gold coins that couple found – that’s a lot of money for the time that those rare coins were buried, which was probably around the turn of the 20th century.
Where Do Coin Hoards Come From?
Of course, the likelihood that you have millions of dollars in gold coins buried in your yard is probably quite small, but definitely not impossible.
If your home was previously occupied, especially many decades ago – a time when people more often buried their money than deposited it in a bank – there’s a probable chance you may have some buried treasure of your own, even if it’s only a tiny amount.
But how do you find coin hoards like the Saddle Ridge gold coin bonanza?
Well, it takes a whole lot of luck. The couple that found the Saddle Ridge gold coins made the famous discovery while walking their dog along a path they had hiked many times before.
So how did the coins get there and who buried them? There was a theory that the coins came from a 1901 heist from the San Francisco Mint.
That theory was quickly dismissed however, as the coins in the Saddle Ridge hoard have dates varying from the 1840s through 1890s and have mintmarks from all over the country. It’s possible the coins may have come from a bank heist, or perhaps were simply the buried fortunes of a very wealthy landowner.
As of now, there is no verified information on who buried the coins or where they had come from just before they were interred in those coffee cans.
Did you know that you can buy the Saddle Ridge gold coins on Amazon?
3 Ways To Find Coin Hoards
So, you want to find a coin hoard yourself?
Here are some tips on finding the goods. But, I’ll remind you again – you’re going to need a little luck on your side.
#1 – Use a metal detector.
Sound obvious? Well, it may seem so to some, but you might be surprised to learn that many people with a glint of gold in their eyes neglect to buy a metal detector before embarking on their treasure-hunting endeavors — usually because of the cost of buying a metal detector.
You can rent metal detectors, too. However, if you want to become a treasure hunter or take up hunting for coin hoards as a hobby, your best bet is to simply buy your own metal detector.
Check out these tips for buying a metal detector.
Here are some other items you’ll need if you’re going to do some treasure hunting:
- Long-handled shovel for digging big holes and backfilling dirt into those you made
- Garden spade for careful digging around crevices and other tight areas
- Plastic zipper bags for holding any finds you make
- Flashlight to assist in looking into holes
- Pencil and notepad for cataloging finds
- A coin guide book to assist you in identifying any coins that you find
#2 – Search along public beaches and trails.
While you may not turn up much pirate booty, you might find plenty of a lot of other booty on the beach – no, I’m not talking about THAT booty. I’m referring to loose change, abandoned jewelry, and other items. Trails and other public areas also commonly give up small treasures.
Of course, if you find anything that appears to be particularly special – such as cremation jewelry, inscribed watches, or personalized pieces – it is best to submit them to local police or lost and found so their rightful owners can hopefully reclaim them.
Here are 6 more great places to go treasure hunting for coins with a metal detector:
- Courthouse grounds
- Public parks
- College campuses
- Fishing piers
- Parking lots
- Sports fields
Here’s a list of the top 10 metal detecting locations.
#3 – Look on abandoned property.
You will need permission to search on private abandoned properties for old coin hoards and other treasures. However, seeking the property owner for permission to search the site (and possibly offer to split the findings with them) may provide you with just the treasure-hunting opportunity you’ve been waiting for.
Remember, abandoned properties offer a mystique and sense of adventure you really won’t get anywhere else, but they also have their own perils, too.
Abandoned properties are also unmaintained properties, and they could be physically dangerous to enter and search. There may be no insurance policy to cover any accidents or damage to your items or the property. Assume that when you step foot on abandoned property, you do so at your own risk!
More Tips For Finding Valuable Coin Hoards
If you’re looking for coin hoards, you’re definitely not alone!
Thousands of people actively engage in treasure hunting each year. There are even online treasure hunting forums for you to join and enjoy, allowing you to learn from others, find out about the latest buzz, and even share photos of your own lucky finds.
Here is some more good info:
- How To Be A Modern Day Treasure Hunter
- TreasureNet – Treasure Hunters’ Online Forum
- Top 10 Treasure Hunting Hot Spots
- Reporting Taxes On Treasure Coins
- Coin Beach Delaware
- Tom’s Treasure Forum
I’m the Coin Editor here at TheFunTimesGuide. My love for coins began when I was 11 years old. I primarily collect and study U.S. coins produced during the 20th century. I’m a member of the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG) and have won multiple awards from the NLG for my work as a coin journalist. I’m also the editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). I’ve contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. I’ve authored nearly 1,000 articles here at The Fun Times Guide to Coins (many of them with over 50K shares), and I welcome your coin questions in the comments below!