A giant gold nugget was found in California recently, bringing back a fever of excitement in the West — almost as if the Gold Rush had returned again for a time. Officials have determined that this huge piece being called the “Butte Nugget” due to its discovery in the Butte County mountains may truly be the real deal. Mercury News explains the circumstances surrounding the unearthing of this rare item this Thursday, October 23, 2014, and how much it may be worth (roughly $350,000 to give an early estimate).
Dozens of “fool’s gold” have likely been brokered in the past, but one dealer is confident that the giant gold nugget found earlier this month is no phony. In what is being called one of the biggest gold pieces found in recent times, the “Butte Nugget” will be up for official viewing and possible sale this week in San Francisco, California. Those who are interested in buying this piece should have big pockets, in more than one way — in addition to likely fetching a hefty sum, the hunk of gold itself weighs in at an impressive 6.07 pounds. That is definitely heavier than the average paperweight.
The dealer who will be overseeing the sale of this precious metal is Don Kagin, notes SF Gate News this evening. Christened with its new name after being found by a gold hunter in the Butte County mountains, the huge piece will surely be an enticing attraction at the San Francisco Fall Antiques Show, which opened its doors this week.
Interested in learning the identify of the fortunate owner who managed to locate the rare gold nugget? It seems that many people are, but dealer Don Kagin released a statement saying he has been asked to keep the identity of the owner a secret, including any information regarding the nugget’s original location.
Keeping the owner’s name and information out of the public spotlight is a common procedure for recent big winners (lucky lottery winners sometimes follow the same idea), as there is always the chance of treasure hunters or more serious thieves trying to take the 6 pound piece of gold for themselves. As for the potential price of this illustrious item? Don’t fall out of your chair — a chunk of gold this hefty is likely worth somewhere around $350,000, one dealer estimates.
Despite some less than savory issues with con artists and false representations in the past, Kagan at last feels he has found a real prize in this breakthrough unearthing. It seems that quite a few tests have been conducted to verify that the shining piece of metal is not actually “the Orange Roughie,” a less rare Australian type of gold nugget, and instead an actual Gold Rush “rock” that seems to come straight out from history books.
“This one’s for real,” said the dealer with an air of confidence and anticipation. “Obviously we don’t want to get hoodwinked again, so we have checked pretty thoroughly into it.”
This most recent discovery certainly seems to suggest that Butte County is a necessary place to visit for any aspiring searchers or simple “gold diggers” looking to find such a rare item. Yet many experts believe that a majority of all the gold those 150 years ago would have already been scooped, melted down, and sold, so there wouldn’t be much left. As a result, this tremendous 6 pound piece is something not to be forgotten.
Do you believe that this giant gold nugget found earlier this 2014 in California is a valid reason for all of this sudden fervor to think of the West? With reports of dozens of massive nuggets being uncovered in the 1800s, it is certainly possible that there’s more riches to be found in those hills. For the less adventurous, just visiting the Fall Antiques Show in San Francisco this week sounds like a lot of good-natured fun.