G'day McDyver,
Now that you mention it, the first gold ring I found was compliments of prop wash.
30 odd years ago I was snorkelling off the front of one of our bayside piers.
On one of the dives I noticed a freshly excavated "gutter", about 3' wide, a foot or so deep and about 10' long and running parallel with the pier.
Old sinkers were everywhere. As I was picking them up I noticed what appeared to be a gold ring, but thought, "nah, could'nt be" but picked it up anyway.
It was a fairly wide band with an intricately carved inlay of a paler material.
My wife took it to a jewellers who confirmed it was gold. The inlay was white gold and he told her it was of an antique design and probably quite old. He valued it at $400, a lot of money 30 years ago.
Thinking on how this gutter might have been created, the only explanation I could come up with was that a fairly large boat had tied up securely to the pier and then put the engine into gear and given it good blast for whatever reason with the resultant prop wash carving out the gutter.
I have seen lesser examples since.
And as for the ring?
My wife had it resized to fit her finger and then promptly lost it!
Cheers.
Lou.