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Gold $5 Indian found, then lost, then found again.

Kevin Nelson

New member
I had been having good luck at an old unused school that was about to be torn down out in the country. I had found about 20 + silver there including a standing quarter. Also found there were V nickel , a 1926-s merc.(that I sold for $54).Also I have found some military buttons there that I have not researched yet. Long story short , a local that went to the school as a kid said they used to play in the woods behind the school when kids. I waited till the winter and a month ago went into the woods and found a buff. nickle war nic. and merc. So my attention was gotten. I went back several times , pulled more buffs and war nics., few wheats , nothing earth shaking. Well since the first of the year I deceided to keep this years finds all together in a coffee can . In the woods there I dug a below zinc penny signal with my F75 that I thought might be a indian penny. It was a good repeatable signal so I dug. It appeared to be a smooth penny coated over in heavy corrosion . The merc I had dug was almost black due to the woods. When I got home I tried to clean the smoothy but no luck. I soaked it in some hot sauce for a night , but that did no good. I put the smoothy in with the clad coins in my coffee can and forgot about it . Today I got rained out at work and had time to go through the first 2 months of the years finds, I counted up my clad and found the smoothy. I figured it was a cull penny so I took some fine sand paper to it and it looked gold. Checked the diameter of that size coin and it checked out in the $5 1/2 eagle range . After close look could make out the Indians chin, nose and mouth. Confirmed by a faint Liberty where it should be and a star at 7 o'clock. In summery beware the smoothy.
 
Kevin,very nice find.The F75 has worked very well for you.Even though she's ugly a gold coin is an excellent find.Very nice.HH Ron
 
n/t
 
MAN!!!!!! That is to cool! Congrats to you!

capt.
 
Congrats on the gold coin
 
Nice find Kevin. Ive never seen any gold come out of the ground that had that kind of buildup/corrosion on it. What part of the country are you in and what do the silver coins look like out of this ground?
Ive only found one gold coin and it came out of a drained lake, was down deep in some black muck. It was made into a love token, the back is shaved off and some fancy writing is on it. This is how it came out of the mud, never been cleaned.
 
Gold that is 24K is inert and does not corrode period. Lesser Karat weight gold is amalgamed with oher metal sometimes silver, sometimes copper and as such these other metals are subject to corrosion to greater degree as the mix moves downscale from 24K.

Old gold was often less than 24K and this stretched the gold into more coinage for the person issueing the coins providing seeming value in excess of he actual gold within..

Kinda explains the corrosion don't you think?
 
that makes sense ed except Ive found quite a few rings that have been in the ground a heck of alot of time also and are mixed with other metals being 14k and same thing applied, not new looking but never had to file off corrosion. thats why I was curious as to where he is as most of my hunting has been here in NJ.
 
Could it be counterfeit...heck I know I found a counterfeit Barber quarter so its not out of the question...Never found a gold coin but about 75 gold rings and one was a turn of the century 14 kt. and after the mud was washed off looked new with slight discoloration..Would go to a coin collector for testing. In any case never saw gold come out of the ground crusted so appears this coin had a lot of copper in it or similiar metal that crusted. In any case a nice find and perhaps your ground or chemicals in it produced this crusting as I know farmers fertilyzer will eat up coins..
 
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