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Posted on 10/22/2014 9:16:37 PM PDT by PeaceBeWithYou
A five pound, quarter of a million dollar gold nugget was found on Butte County public land this summer.
The nugget, found in July, is currently being held at Kagin's Inc. in the Bay Area and will be unveiled to the public at the San Francisco Fall Antiques Show scheduled to begin Thursday.
Information about the nugget and its finder remain vague.
The person who found it has chosen to keep their identity a secret, and the location of its discovery is only being described as somewhere in the foothills in Butte County on public land.
The Butte Nugget was found with a metal detector, buried about 12 inches underground. It weighs in at 5.18 pounds and is 75 troy ounces. Experts say the gold is valued at somewhere between $250,000 and $400,000.
Auction tomorrow.
Hey! I’ve been looking everywhere for that nugget.
Troy pounds and regular pounds are the same.
Its their ounces that differ.
A troy ounce is 1.333333333 regular ounces.
If it was federal land they will lay claim to it.
So that’s where I dropped it! Dang!
75 troy ounces is 6.25 troy pounds, try that using 16 and it still isn’t the 5.12 standard mentioned in the article.
There must be more where this guy found this one.
He will be followed to the gold field if he is not careful.
What does 16 have to do with it?
Not relevant.
.
What is really scary is the number of signals that sound like that I have passed by.
That thing obviously has been forced to the surface by high pressure water, probably in a volcanic vent.
Not much likelihood of finding another one near by.
.
One assumes, possibly wrongly, that Butte County is in Montana. How odd, that the state was not stated.
I narrowed it down. It is here in this general area....
http://en.wikipedia.org/wiki/Butte_County,_California#mediaviewer/File:Butte_County,_CA.jpg
Geez... I found a map too. You guys in the area are gonna be rich!
http://www.freegoldmaps.com/0074.htm
16 ounces in a Avoirdupois pound.
Moonbeam be tryin to figure how secure that for the good of California right this second.
Yep the person who found it, is better off to keep the mouth zipped. I hope Uncle Sam doesn’t threaten the person to indulge where he found it. I am surprised to find that people are still using detectors to find “treasures”. I thought it is illegal since with all government grabland growing.
It is a Placer.
“Troy pounds and regular pounds are the same.”
Wrong.
I’ll eat my hat if you find a nugget over 12 Troy in Montana.
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