New Mexico Millionaire Lures Treasure Hunters With Hidden Chest
More than five years ago, art collector and author Forrest Fenn decided to hide a treasure chest in the Rocky Mountains. Since then, he says tens of thousands of people have tried to find it.
The 84-year old millionaire, who lives in Santa Fe, New Mexico, left clues in his book, “The Thrill of the Chase” -- but so far, no one has been successful.
"I think it's out of control," Fenn told ABC Albuquerque affiliate KOAT, estimating that 30,000 people looked for the treasure last summer and that 50,000 may look for the treasure this summer.
Fenn has never revealed the value of the treasure chest -- which measures 10 inches by 10 inches -- but the New Mexico Tourism Department estimates the value to be as much as $2 million...Read More (AbcNews.go.com)
Gold Tudor ring circa 1440-1600 AD found in Yorkshire, UK
Lee Rossiter is a members of the Yorkshire Searchers and only been metal detecting for 18 months said he was amazed to find find such a lovely ring but almost threw it away because he thought it was costume jewelery.
Before discarding the object he decided to show it to some other members of the metal detecting group and the organiser Stuart Littlewood who gasped for breath and informed him he had probably found Tudor Gold.
After checking with the local 'Finds Liason Officer' from the Portable Antiquities Scheme based in Wakefield - it was indeed confirmed as a Tudor gold ring from approx 1440 - 1600 AD. The gold ring is now property of the Crown, but Lee gets to keep it for a short time whilst the 'Treasure trove' process is initiated. It is thought the ring will eventually be acquired by a museum local to the find spot - which is being kept secret for the time being. Yorkshire Searchers
Volunteers bring Montana gold mining ghost town to life
An old Montana gold mining outpost has gone from ghost town to boomtown.
The U.S. Bureau of Land Management is giving four history buffs the chance to live in Garnet, a preserved mining town on public land in Montana. But they'll have to help maintain it and they won't have the creature comforts of the current century.
“It’s primitive, to say the least,” U.S. Bureau of Land Management Ranger Nacoma Gainan told the the Missoulian. “It’s for people who love the outdoors and want to give back. There’s no electricity, no Wi-Fi and no running water. But there are trails to explore, artifacts to inspect. Volunteers are really left to their own devices after the visitors are gone.”...Read More (FoxNews.com)
Treasure hunter: How I thought a 700-year-old ring was a Coke can ring pull
Paul Buxey was expecting, after his metal detector went off yet again, to frustratingly find it was yet another ring pull from a Coke can. Instead the electrician got a shock when he discovered, as he bent down to the soil in a field in Shipton-on-Cherwell, it was actually a 700-year-old a medieval gold ring.
He had been out with his metal detecting club, The Metal Detectives, a year ago and said just prior to his discovery he had come across three Coca-Cola can ring pulls “which give a very similar signal” to the gold ring...MORE (OxfordTimes.co.uk)
Oregon: Blind woman + metal detector = buried treasure
An 1898 Indian Head penny. A pinback button from the Loyal Legion of Loggers and Lumbermen, circa 1917. A student’s 1987-88 Churchill High School ID card. A still-full nitrous oxide tank.
Those are just some of the hundreds, maybe thousands, of things Janet Roberts has unearthed with her metal detector on Skinner Butte during the past year or so.“It’s amazing what you can find out there,” says Roberts, 58, a longtime PeaceHealth employee...MORE (Register-Guard)
Wales: Man found Bronze Age ring in Rossett field...then discovered another in same spot nine months later
Gary Porter: A metal detector enthusiast discovered a Bronze Age lock ring in a field in Rossett – and then found another in the same spot nine months later.
John Adamson, who has been hunting ancient artefacts since the age of 12, says he was “overjoyed” by his discoveries, which date back some 3,000 years to between 1,000 BC and 800 BC.
Only four of the gold penannular rings had ever been found in Wales prior to the 47-year-old’s double discovery.
The fitter from Runcorn came across the first lock ring within 45 minutes of scouring farm land in Rossett on June 1, 2012, a treasure inquest at Ruthin heard today...Read More (DailyPost.co.uk)
Australia: Husband ordered out of house by wife finds huge 87oz gold nugget
Gold rush! Prospector Mick Brown unearths 87 oz nugget, worth $135,000, buried in the bush but he won¹t tell his mates where he found it The nugget earned the name 'Fair Dinkum' after shocking prospectors with its size. He says the exact location the nugget was uncovered will remain a secret
Gold Looted From Ancient Empire Returned to Romania
Andrew Curry: The first of what archaeologist Barbara Deppert-Lippitz calls the "most sensational finds of the last century" surfaced not in a museum but at Christie's in New York. Among more than a hundred pieces of ancient jewelry for sale on December 8, 1999, was Lot 26, a spiraling, snake-shaped gold bracelet that the auction house identified as a "massive Greek or Thracian gold armband."
Christie's estimated it would sell for as much as $100,000. When the bidding stalled at $65,000, the sale was called off—and the bracelet and its owner disappeared back into the shadowy underworld of ancient artifacts.
It took years for archaeologists and law enforcement officials in Romania to connect the armband to reports of looting in the country's central mountains. Though it has never been recovered, Lot 26 set off an international search to recover the lost heirlooms of Dacia, an empire that was once a mighty rival to ancient Rome...Continue (National Geographic)
The bitcoin crash is worse than both crude oil and the ruble
The seemingly endless collapse of the world’s pre-eminent cryptocurrency continues, as bitcoin punched through $200 today. (As of this posting -$208.90 -click here for current quote)
The continued drop in value made the currency one of the absolute worst things to own in 2014. It remains so. Over the last 12 months bitcoin’s dollar value has fallen roughly 76%, outpacing the decline in both the beleaguered ruble (down a bit more than 70%) and Brent crude oil, which has fallen roughly 58% over the same period...MORE (qz.com)
WSJ: Gold Spikes on Swiss Franc Stunner "It’s a golden day for precious metals"
Gold, silver, platinum and palladium are spiking after the Swiss National Bank surprisingly announced it’s scrapping its currency floor and lowering its already negative interest rate. The news hit the tape shortly before 4:40 a.m. New York time, sending gold up roughly $35 to $1261 a troy ounce.
“Gold is much stronger as the “safety” of the Swiss Fran vanishes,” commented Dave Lutz of JonesTrading...MORE (WSJ.com)
King Tutankhamun (1332–1323 BC) Exhibit-Gold Dagger and Sheath
Daggers were used by the ancient Egyptians from predynastic times onwards, though examples dating from the Old Kingdom are exceedingly rare. During the Middle Kingdom and the New Kingdom they were generally made of copper or bronze; gold, apart from its use for purposes of embellishment, was probably reserved for royalty. Queen Ahhotpe, mother of Ahmosis I, the founder of the Eighteenth Dynasty, had, in her funerary equipment, a solid gold dagger and sheath, both of which are now in the Cairo Museum. Tutankhamun's mummy was provided with two daggers encased in gold sheaths, one with an iron blade and the other with a blade of hardened gold. It is the latter specimen which is shown here.
As an illustration of the goldsmith's artistic ability and technical skill, this dagger, and particularly its sheath, are among the outstanding pieces of the collection. On the top of the pommel are the king's cartouches in applied embossed gold and a wreath of lily-palmettes in cloisonne work. On the underside are two figures of falcons holding in each claw the hieroglyphic symbol for 'eternity' (shen)...MORE (TourEgypt.net)
UK: Thousands of ancient coins discovered in Buckinghamshire field
Metal detector enthusiasts in Buckinghamshire have uncovered what is thought to be one of biggest hoards of ancient coins ever found in Britain.
Paul Coleman from the Weekend Wanderers Detecting Club discovered more than 5,000 coins buried inside a lead bucket two feet under a field near Aylesbury.
The hoard contains specimens dating back to the 11th Century - the late Anglo Saxon, early Norman period.
The coins will now be examined by the British Museum...MORE (BBC.com)
Underwater archeologist on quest for queen's jewels from 1715 shipwreck off Sebastian Inlet
MELBOURNE, Fla. — Years ago, underwater archaeologists lived by the motto "finders keepers" when they struck gold. Today is a different story, but that doesn't stop them from searching.
Robert Marx of Indialantic is one such underwater archaeologist — dare not call him a treasure hunter — who enjoys sharing tales of the deep ocean blue and the world's rich maritime history.
"The 300th-year anniversary is coming up for the loss of that wreck and the whole fleet," he said. "I want to make sure people know about it."
That wreck has been the subject of numerous books, articles, documentaries and blogs. Capitan-General Don Juan Esteban de Ubilla and his flagship, the Capitana, contained quite the cargo: more than 3.5 million pesos in priceless treasure, specifically, the queen of Spain's jewels. En route from Havana to Spain, 12 ships sank and their crews perished during a hurricane on July 30...MORE (FloridaToday)
UK: Fife metal detector uncovers fabulous haul of Bronze Age gold
Michael Alexander: An amateur metal detecting enthusiast from Fife has discovered a remarkable haul of extremely rare Bronze Age treasure.
Steve Moodie, 44, of Newburgh, discovered six 3,000-year-old pure gold children’s bracelets just inches below a farmer’s stubble field in Gloucestershire.
Mr Moodie, who is known as “Big Steve”, made the remarkable discovery last Saturday morning while participating in a metal detecting rally at Lydney Rugby Club in the Forest of Dean.
The self-employed bric-a-brac salesman, who has been metal detecting for around 11 years, at first thought he had discovered a can but soon learned he had unearthed one of the biggest hauls of Bronze Age artefacts ever found anywhere in the country...MORE (TheCourier.co.uk)
5 Millimeters equals 5.4 Square Feet?
It's not some new kind of math. A gold nugget of 5 mm in diameter (bottom speck) can be expanded through hammering into a sheet of gold foil about 0.5 square meters or 5.38 square feet. That's Amazing! See Gold Leaf; Goldbeating
122 Tonnes of Gold Secretly Repatriated to Netherlands
Mark O'Byrne: The Dutch central bank said Friday it is repatriating some of its gold reserves from the U.S., making it the latest central bank in Europe to address public concerns about the safety of its gold in the wake of the eurozone debt crisis.
As the debate regarding whether or not Switzerland should keep the bulk of its gold reserves at home on Swiss soil reaches it's climax - the referendum takes place on Sunday - it is telling that the Dutch announced on Friday that they have just secretly repatriated 122 tonnes of their sovereign gold reserves from New York back to Amsterdam.
The gold, worth $5 billion at today's prices, represents 20% of the Netherlands total reserves. It now keeps 31% of its reserves in Amsterdam. Another 31% is believed to be in New York, with the remainder spread between Ottawa and London - the same locations where the bulk of Swiss gold is purported to be stored.
The trend towards gold repatriation began with Hugo Chavez bringing Venezuelan gold back to Caracas in 2011. It has been followed by similar moves by other large gold owning nations and central banks, most notably, Germany...MORE (Gold-Eagle.com)
The Dubai Gold & Commodities Exchange (DGCX) has announced the signing of a Memorandum of Understanding with the Bank of China (BOC). The agreement creates a framework for both institutions to work together to enhance interaction and collaboration between the derivatives and financial markets of the UAE and China.
Barclays maintains the view that third quarter of this year is likely to be the weakest quarter for gold, given that they expect the Fed to start increasing rates in September, but the potential downside is likely to be limited, given we enter the seasonally strong period for consumption.