Gold Coins

[gossunc]

Hi all...

Am new to metal detecting (got a Garrett Ace 250 for Father's Day this year) and have been reading this forum for several weeks, especially the "Today's Finds" section. Have read lots and lots of post about folks finding silver coins, older cents, nickels, etc--even found a '42 Merc and '46 quarter myself first week out. However, not once over the past 6 weeks or so has anyone posted any finds of US gold coins. I know the numbers of gold coins minted and circulated were significantly smaller than coins of lesser metals and denominations, but surely someone must find one of these treasures via MDing from time to time. Have any of you heard of such finds? Would their signature be similar to nickels (like gold rings)? Thanks,

Goose

 

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[hollowpointred]

http://forum.treasurenet.com/index.php/topic,14284.0.html

check this one out.

 

[hollowpointred]

http://forum.treasurenet.com/index.php/topic,36380.0.html

or this one!

 

[Stainless Steet Rat]

I would guess it is so rare to find gold coins you never expect to find one. I know when I first got my detector I went for weeks before I found a silver coin I was thinking I would never get one. I guess gold coins don't leech as much metal into the ground so the target is harder to pick up in the first place. The only 18k gold item I found was while pinpointing for a wheat penny target.

 

[grizzly bare]

gossunc,
Several of the great TNet family have found fantastic stuff that never made it to "Best Finds" or "Today's Finds".
Why? The tax man watcheth. We have too many cynics who fairly abuse people who say they have great finds. Folks don't want to talk about great finds and have others "claim-jump" their hunting grounds.
The list could go on for some length, but suffice it to say that gold finds are being made at a much greater rate than they are being shown. Remember the creed, "Detect, Dig, Don't say a word!"

Jim Johnson
grizzly bare
"ain't never found nothing. That's my story and I'm sticking to it."

 

[bakergeol]

Well I guess the cat is out of the bag thanks to Grizzy bare. Grizzy bare is correct Tn members are just not telling folks about all the gold coins we are finding. Lonewolfe broke the code and squealed. However the actual reality is far from what you have imagined. It just is not worth it finding all those gold coins. Driving down every month to deposit those gold coins in your safety deposit box is a hassle. If you post it on a forum people will think you bought the thing . Some posters will actually call you a liar. Lying to your metal detecting friends about what you have found. Trying to protect your "gold coin" site. All that secrecy develops paranoia. All that extra money- forget it your wife will spend it faster than you can dig them up. Already I have a $30000 credit card debt with two closets full of designer dresses and shoes. The IRS- well I imagine my file is even thicker than Free2detect's gold coin file.

As a newbie I would say if you find a gold coin- DO NOT DIG IT UP. Just mark it with a golf tee so I can find it and safely dispose of it. I will immediately enroll you in "Gold Coin anonymous" and talk you down from your "high". We will just pretend it never happened.


P.S. Gold coins will run the entire spectrum of VDI numbers according to size. You had better have a dig it all attitude if you ever expect to find a gold coin.Look for older sites with a long history of occupation-(most gold coins are found in the UK as some of those sites have been occupied for 2000 years.)Yes finding one is a rush you will never forget.

George

 

[Jeffro]

Gold coins are rare, period. A lot of THing prfessionals that you read articles about have never found one. They just didn't circulate, low mintages, and if you lost one, it was worth a day (for the smallest) to a months wages. You definately searched hard for one if you lost one back then.

 

[gossunc]

Thanks all...just as I suspected. Rare occurrence, but it happens. I'll continue to get plenty of jollies from finding silver--haven't seen the stuff since my first week out. Just moved from Rhode Island to Virginia, so need to orient myself to where the old stuff is. Everything was old in RI...

 

[skierbob]

There was a similar question posted on another MD forum recently. Here's the answer given then. Your best bet to find a gold coin is one that has been made into jewelry and lost at the beach. Do you know that the U.S. is still making gold coins? They're called American Eagle gold bullion coins. They come in 10th ounce, quarter ounce, half ounce and one ounce sizes and many of them are made into jewelry. It's just as exciting to find a modern gold coin as it would be finding an old one. You might also win one at a competion hunt. A lot of clubs have them as special prizes at their hunts. I was lucky enough to find a token good for a 10th ounce gold piece last year at the Sandy Point hunt in Maryland. Good luck.

 

[Boobydoo]

Well, it can happen, just yesterday, as Goldfinder, a TN member, can attest to.

http://forum.treasurenet.com/index.php/topic,43149.0/topicseen.html

BTW... I have also found one in my career. It was a jewelry piece, a 1856/7 $1 gold coin someone soldered to a ring. I have a thread in the "Best Finds" forum if you're interested in the story.

Good luck out there!

Smiles!
BDoo

 

[bk]

I only found one in 33 years of detecting.
I almost found a second one. Actually I walked over it but a (friend?) found it after I missed it.