The leading gold producing province of Canada is Ontario and the Porcupine Region is the premier district in which to find gold. . In the area about 45 miles from Fort Frances on the new highway to Port Arthur (Thunder Bay) can be found good outcroppings of wire gold in quartz. Ore samples coming from this area have been assayed at 6 ounces of gold, 5 ounces of copper and 15 ounces of silver to the ton of ore.. The Isle of Fellow Sands in Lake Superior is said to contain a cache of treasure made by British soldiers around 1778 that has never been recovered.. According to some believers, the $12,000 in gold once aboard the French shallop Criffon in 1679, is buried somewhere along the rocky shoreline of Birch Island, 5 miles from Thessalon.. The Spanish conquistador Cortez supposedly buried a packtrain of treasure somewhere near Sarnia.. There is a cache of buried bullion and papers from an unknown party somewhere near Sarnia.. An iron chest full of gold coins was buried by David Ramsey in 1771 at the west end of Long Point Village just within the confines of Long Point Provincial Park. It has never been found.. In 1870, a Red River expedition payroll in an iron chest was lost overboard when canoes dashed against the rocks in the first rapids past Mattawa Station on the Mattawa River in Northern Ontario. In the early 1960s, five or more men from Montreal robbed a bank at Havelock, Ontario of $260,000. The bandits had a great deal of difficulty with their getaway car and took to the bush on foot in the Havelock area, carrying with them the money and their guns. However, when they were picked up coming out of the bush, they had neither. They were all sent to prison where one died and another killed a man while imprisoned there. It is believed the treasure cache has never been recovered and remains hidden somewhere in this area.. According to legend, an army paychest remains buried east of Toronto on the old site of Fort Rouille. During the War of 1812, the British sloop Mary Ann was transferring the military paychest from Kingston to York at the head of Lake Ontario where a post was maintained at Burlington Heights. It was pursued by American vessels, and being unable to fight them, put into the pond west of the present-day pumping station at Oshawa. Here, the Mary Ann was grounded and the crew carried the paychests ashore containing $100,000 and buried it. The Americans followed the vessel and burned it, but the paychests were never recovered.. At the mouth of the St. Lawrence River in Lake Ontario lies Hart Island. Built on this tiny strip of land is the fabulous Boldt’s Castle and hidden somewhere on the grounds or in the woods of this small estate is a cache of treasure attributed to Basil Hyde-Stafford, descendant of British aristocracy. It consists of a fortune in emerald gems and jewelry, miniature English antiques, goblets, dinnerware, rare coins, family heirlooms and rare jade carvings from India, all contained in a medium-sized trunk. The cache was made in the early 1900s and has never been found even though many diligent searches have been conducted. A cache of gold attributed to the gang of Jesse James is rumored to be buried in Milmur Township.
Posts Tagged With: rare coins
A rare coin discovered by a widow from Kent while searching a chest of drawers belonging to her late husband has been sold for £240,000 at auction.
The commemorative coin was made from Spanish gold seized from 18th Century treasure ships and only 16 were believed to have been created.
It was sold privately, at double the estimated price, by Gorringes auctioneers in Lewes, East Sussex.
The woman, of Tunbridge Wells, said she did not know why her husband had it.
Auctioneer Clifford Lansbury said there had been a lot of interest in the coin from dealers around the world, and it had sold for a record price.
“The highest record for that coin being sold in recent years is about £150,000,” he said.
December 3, 2012 – Precious metals are flat this morning as the markets look to recover from last week’s price correction. All eyes continue to be on the debate in Washington DC surrounding the “fiscal cliff.”
Gold is trading near $1,715, and silver is up slightly at $33.71. Platinum is down slightly at $1,603 while palladium is flat at $686.
BEWARE….scammers are working the phones hot and heavy selling “rare” coins for investment…many of these coins are over priced and are NOT investment material.
The American Gold Eagle is the ONLY reliable gold coin to purchase…buy through a local dealer, not over the phone or on a web page.
A judge ruled that 10 rare gold coins worth $80 million belonged to the U.S. government, not a family that had sued the U.S. Treasury, saying it had illegally seized them.
The 1933 Saint-Gaudens double eagle coin was originally valued at $20, but sold for as much as $7.5 million at a Sotheby’s auction in 2002, according to Courthouse News.
After President Theodore Roosevelt had the U.S. abandon the gold standard, most of the 445,500 double eagles that the Philadelphia Mint had struck were melted into gold bars.
However, a Philadelphia Mint cashier had managed to give or sell some of them to a local coin dealer, Israel Switt.
In 2003, Switt’s family, Joan Langbord, and her two grandsons, drilled opened a safety deposit box that had belonged to him and found the 10 coins.
When the Langbords gave the coins to the Philadelphia Mint for authentification, the government seized them without compensating the family.
The Langbords sued, saying the coins belonged to them.
In 2011, a jury decided that the coins belonged to the government, but the family appealed.
Last week, Judge Legrome Davis of the Eastern District Court of Pennsylvania, affirmed that decision, saying “the coins in question were not lawfully removed from the United States Mint.”
Barry Berke, an attorney for the Langbords, told ABCNews.com, “This is a case that raises many novel legal questions, including the limits on the government’s power to confiscate property. The Langbord family will be filing an appeal and looks forward to addressing these important issues before the 3rd Circuit.”
The family said in its suit that in another seizure of the 1933 double eagle, the government split the proceeds with the owner after the coin sold for $7.59 million in 2002, according to Coinbooks.org.