Kentucky

Man discovers rare gold coins possibly worth millions in Kentucky cornfield

Experts say the coins are dated from 1840 to 1862 and are estimated to be worth over $2 million

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A man in Kentucky unearthed hundreds of Civil War-era gold coins in a cornfield, and experts believe they could be worth millions of dollars.

Experts say the coins, known as β€œThe Great Kentucky Hoard,” are dated from 1840 to 1862 and are estimated to be worth over well over $2 million.

β€œUnderneath were just these phenomenally beautiful, preserved coins,” Certified Collectibles Group Executive Vice President Andrew Salzberg told NBC affiliate WAVE-TV.

Salzberg added the coins were preserved so well because they were buried, so they were not exposed to air.

Rare coin dealer Jeff Garrett inspects β€œThe Great Kentucky Hoard" coins.
NGC
Rare coin dealer Jeff Garrett inspects β€œThe Great Kentucky Hoard" coins.

According to Numismatic Guaranty Company, the organization that certified the coins, the collection includes a group of extremely rare 1863 Double Eagles and hundreds of U.S. gold dollars dated from 1850 to 1862.

Some of the rarest coins in the collection are eighteen 1863-P $20 Gold Liberty coins, which according to GovMint. "can command β€œa six-figure price.”

"The Civil War was a time of great turmoil in Kentucky. Many families were pitted against one another, and Kentucky saw much conflict," NGC said. "The Great Kentucky Hoard may have been a result of this conflict, with the coins lost for over 150 years until they were unearthed in a cornfield."

Even though the discovery is being dubbed by the NGC as "the discovery of a lifetime," officials are not releasing the identity of the man who found the coins, how he found them and the location of the cornfield.

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