The composition of the Saddle Ridge and California Gold Rush

In 2013, a couple living in California walked a dog on a trail within their property until her husband noticed a rusty metal can bursting from the ground. He dug a can out of the ground. When he picked it up, he found it extremely heavy. They soon learned why when the lid opened and revealed a gold coin. The couple was delighted and impatiently dragged the can to their house. Examining the canister, they pulled out many more gold coins. They quickly returned to the site and dug through the area to find more cans. To their surprise, they unearthed seven other containers of various sizes filled with more gold coins. The entire stock was 1,427 gold coins. Most of them were Double Eagle for $ 20. The price of gold at $ 10 and $ 5 was much less. The face value of the treasure was approximately $ 28,000.

So why were these precious coins buried there? Two theories are revealed. First, people who do not trust banks often keep money in a hidden place, such as a mattress or an underground backyard. But they die before they get the money saved, and someone else stumbles upon them years later. Second, thugs who steal money persecuted by the authorities bury their booty until they return to get it, but never get to it.

According to an article on the Mashable website, The insane true story of the gold coin of the Sedlovsky ridge, author Lance Uhlanov and other website staff found plausible information about where the treasury came from. In a copy of August 10, 1901. Bulletin of the American Metallurgical Association, The face value of the $ 30,000 gold coins was stolen from the San Francisco Mint and was never returned. Further investigation revealed that an employee of Walter Dimik, who worked at the Mint between 1898 and 1901, was charged with stealing $ 30,000 in 20 gold coins. Dimik was caught, but the money was never returned. Interestingly, the treasure gave almost as much; if the stolen $ 30,000 turned out to be a treasure worth $ 28,000, what happened to $ 2,000? Perhaps the thief took him with him.

Although many believe that the treasure was hidden after the theft of coins, another theory suggests that the treasure may have been hidden by a specific secret Confederate society known as Knights of the Golden Circle who hid gold coins in many states to fund the Second Civil War. This theory is plausible, but little is known about these knights. There are few stories about them.

California gold rush began in the first months of 1848. James Wilson Marshall, a sawmill operator, discovered gold nuggets while building a water-powered sawmill along a river in the northern part of the state. It was soon reported that the man had found gold in Sacramento, California. The rest of the world read about the news. In eight months, thousands of Americans left their homes and moved to California to look for gold. In 1849, more than 100,000 people moved to California and became gold miners. They were widely known as “forty-nine.” By 1855, more than 600,000 people from around the world had made their home in California to hunt for gold. So far, miners and prospectors have discovered billions of dollars in gold. There is little room for doubt that the Coin Ridge coins were minted along with the gold collected by the Gold Rush miners. Thus, it is not surprising that the Saddle Ridge treasure was found in California in the “golden country” and that most of the coins were minted between 1847 and 1894 at the San Francisco Mint.

The discovery of the Saddle Ridge treasury is intertwined with the California Gold Rush. Had the miners not come to California and worked diligently to find so much gold, the Saddle Ridge treasure would never have existed. These gold coins reflect the success of a large amount of discovered gold from 1849 to 1855. A few months after the discovery of the treasure, the couple allowed the reputable coin to manage and sell most of the gold coins. In 2014, they were sold at auction for more than $ 10 million. This shows that still after so many years gold rush still continues to affect people’s wealth.