Experts: Importance of this find 'cannot be overestimated'
A resident of the US state of Kentucky found a treasure trove of gold coins from the American Civil War worth millions of dollars in a cornfield. Hundreds of gold coins date from 1840-1863 and may have been hidden as a result of that state's declaration of neutrality during the North-South War. ec49169dc950e53a5ff3fd.jpg» class=»article__picture-image» alt=»Experts: The importance of this find «cannot be overestimated»» />
A man dug up more than 800 US Civil War gold coins from a Kentucky cornfield, estimated to be worth millions of dollars.
According to The Guardian, on June 9, coin dealer GovMint.com posted a YouTube video of this remarkable discovery. In the video, an unidentified man can be heard naming the $1, $10, and $20 gold coins he dug up, adding that the find was «the craziest thing in history.»
According to GovMint.com, the gold coins that have been called the «Great Kentucky Treasure» date from 1840 to 1863. The hoard consists of $1 gold coins, $10 gold $20 coins, and several «super-fast» gold “double eagles” 1863 issue.
“The most amazing find in this hoard is about eighteen gold Liberty coins (with a symbolic image of Liberty in the form of a woman. «MK») with a face value of 20 dollars of 1863 issue, one of the rarest dates in the Liberty series with a face value of 20 dollars! This is a coin that is often valued at a six-figure price,» the website says.
The so-called «double eagles» (Double Eagle) — US $20 gold coins minted from 1849 to 1933 and available in several varieties. «Double Eagle» 1933 is called the most expensive coin in the world.
The coins found in the hoard were later certified by the Numismatic Guarantee Company, a third-party coin certification company. In accordance with GOVMINT.com information, the detected coins demonstrate & ldquo; stunning shine & rdquo; and most of them were evaluated as & rdquo; extremely beautiful minting & quot;. Perhaps they were hidden as a result of the proclamation of Kentucky neutrality during the civil war between the North and the south.
The state, which borders the northern union states and the southern confederate states, took a neutral stance during an American civil strife that the Numismatic Guarantee Company says has caused many families across the state to turn against each other.
Jeff Garrett, a rare coin dealer and minting expert in the United States, was contacted to investigate the hoard, according to the NGC.
“While I am always happy when someone calls and asks for advice on finding a rare coin, the opportunity to view the Great Kentucky Treasure is one of the highlights of my career,” says Garrett. – The significance of this discovery cannot be overstated, as the staggering amount of more than 700 gold dollars is a virtual time capsule of Civil War-era coinage, including coins from the elusive Dahlonega Mint,” Garrett said, referring to the Georgia Mint, which operated from 1838 to 1861 and produced only gold coins.
“The discovery one double eagle of 1863 minted at the mint was an important numismatic event. Finding almost a whole range of excellent examples is hard to fathom,” he added.
The coins have since been listed for sale on the market, with gold coins ranging in value from $995 to $1,295, according to GovMint.com. Gold Liberties were also put up for sale, with customers required to call for availability and pricing.
According to the Professional Coin Grading Service, another third-party coin grading company, the auction record for an 1863 Liberty Double Eagle gold coin is $381,875.