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We all know stories of searches for lost treasure. But did you know that those stories aren’t entirely fictional? Not only have many real life treasure troves been discovered, there are actually numerous lost fortunes still waiting to be found! Here are five of the biggest:

1. The Lost Treasure of the Alamo

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You know the story of the Alamo. Its one of the most memorable battles in American history. Jim Bowie and Davey Crockett were two of 188 men who fought of the powerful Mexican army of Santa Ana and died doing so. One thing that I bet you don’t know is the legend of the gigantic San Saba Treasure, supposedly buried somewhere on the grounds of the Alamo. The treasure is said to contain millions of dollars of gold, silver and religious artifacts that were initially supposed to be used to build an army and pay for the upcoming war. Not a single trace of the massive fortune has ever been found.

2. The Flor Do Mar

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The Flor do Mar (Flower of the Sea) was a Portuguese carrack (the largest sailing ship built in its day) that was returning home from the conquest of Malacca. She was already known to be dangerously unseaworthy, but since she was so massive, she was the pride of the Portuguese fleet. King Alfonso had tasked her with bringing home the vast fortune taken from the King of Siam as tribute. She was caught in a storm in the straight of Malacca and wrecked on shoals, sinking to rest on the seabed deep under water. No one knows exactly where the Flor do Mar lies, and there is some controversy over which country controls the area and salvage rights where she is said to have been lost. Whoever finds this treasure, though, will be the proud owner of over sixty tons of gold and diamonds the size of a man’s fist.

3. Treasure of the Knights Templar

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The Knights Templar was a religious order of warrior monks formed in 1114 A.D. to lead the Crusades and reconquer the Holy Land. Over the course of doing so, they gathered immense riches and became very powerful. Two centuries after their formation, the Pope accused them of heresy and ordered the arrest of all Knights Templar. Those that managed to escape gathered their riches and disappeared into history. Legend has it that they escaped to Scotland where sympathizers helped them hide their treasures under a chapel. When the new world was discovered, the descendants fled to Nova Scotia in Canada. Marks on old maps as well as graves in eastern Canada and New England show symbols from the Knights Templar, lending credence to this legend. But what happened to the treasure? A mysterious pit in Canada, on Oak Island, was discovered in 1795. Right under the surface were several flag stones. Under those, every ten feet, were logs, as well as charcoal, coconut fiber and putty. According to one written account, a stone was discovered with strange symbols, and another told of a tunnel 100 feet down. However, the mysterious “Oak Island Pit” now floods up to the 30 foot level any time an excavation is attempted. No one knows what lies at the bottom.

4. Leon Trabuco’s Gold

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In 1933, Mexican millionaire Leon Trabuco began buying up tremendous amounts of his nation’s gold reserve. He planned to sell this in the United States because he was convinced that the Great Depression would force the U.S. to devalue the dollar and gold prices there would soar. A pilot named Red Moiser allegedly made well over a dozen flights to a remote part of New Mexico, in the middle of the desert, carrying 1 ton of gold each flight. Pickup trucks then transported the gold to a secret burial site. Trabuco never told any of his associates where this site was and never made a map. According to records, the last flight was July 14th, 1933. Six months later, President Roosevelt took the US off the gold standard and made it illegal for private citizens to own gold. The value of gold shot through the roof, but Trabuco was now no longer able to sell his illegal gold. He died never having told a soul where he buried it. Could the story be true? No one knows for sure, but a rock was discovered in the middle of the desert with the inscription “1933 Sixteen Ton.” Despite searches, no one has found any trace of the treasure besides this inscribed stone.

5. The Lost Crown Jewels of King John

In 1216, King John of England was traveling through the countryside when he passed through an area called The Wash. This was an appropriate name, as the area was full of dangerous marshes and mud flats. Having recently fallen ill, he decided to return home and took the slower and safer route around The Wash. However, most of his escort and his supplies took the more direct around through The Wash. These supply carts included his crown jewels that he had inherited from his mother, the Empress of Germany. An incoming tide trapped the slow moving supply carts, and they were swallowed up by the marshes along with the horses and men guiding them. The present day value of this treasure would be close to $70,000,000 and to this day it has never been found.

You may not have millions of dollars of treasures buried in your backyard, but you do probably have little treasures hidden all over your house. An old broken necklace? A mismatched earring? A class ring you haven’t worn in years? They’re all worth money. Stop in to see us and find out how much!


Gathering old jewelry, flatware and coins to bring in takes time. Is it worth it?

Is Selling Old Jewelry worth it?

At Buckeye Gold Company, I hear all the time that people have given away their old jewelry, flatware or coins to relatives or friends. Either they didn’t realize it was worth anything anymore, or they didn’t believe it would be worth their time to sell it. The fact of the matter is, if it has gold, silver or platinum in it, it is worth money.

But how much?

Remember your old class ring that you never wear? They almost always sell for over a hundred dollars. That herring bone necklace that got all kinked up? Same thing. How about the silver flatware set you got as a wedding present? I’ve bought them for hundreds (and sometimes thousands) of dollars.

Obviously, I can’t tell you for sure on this blog what your items are worth. There are lots of factors (like karat, weight, stones, etc.) that will affect that. But I can tell you that if you bring a few pieces or a flatware set in for us to look at, you can walk out again in less than fifteen minutes with cash in your pocket. For a little time, that is A LOT of money!

Do you want specifics on what your jewelry, flatware and coins might be worth? Call 793-GOLD and find out, or search below for the store closest to you.


Solid gold with a $20 denomination stamped on it, stolen from the US mint, hidden for decades, sold to a King, captured by the Secret Service in a sting operation and nearly destroyed by terrorists. Valued at $7,500,000, this is the story of the 1933 St. Gaudens Double Eagle, the world's most valuable coin. Read more

Five Lies 'We Buy Gold' Shops Tell

Five Lies ‘We Buy Gold’ Shops Tell

 

At Buckeye Gold Company, honesty and transparency are very important. So is educating our customers. So here are five very common lies that we see in the ‘We Buy Gold’ industry, and the truth behind them.

1. We pay (X)% more than our competitors.

Many precious metal dealers claim that they pay a certain percentage more than their competitors (often in the 30% range). If you know how the gold buying industry works, you can figure out that this statement doesn’t make much sense. If a shop wants to pay competitive prices, it should already be paying you 70% or more of the piece’s precious metal value. If one shop is paying 30% more than that, then they are paying 100% of what the piece is worth and will never turn a profit. In the world of business, that means it is an impossible promise to live up to, and is never true.

2. We pay by the gram and not the pennyweight, so you get more.

This is a blatantly misleading statement that, at first glance, seems to makes sense, but doesn’t hold up to scrutiny. The theory is this: If you bring me in a chain, and I tell you that it weighs 10 pennyweights, you can take it to another shop and they will tell you it weighs 15 grams (approximately). Therefore, you are getting more weight for your piece and, supposedly, more money. But this isn’t actually true. While your piece DOES weigh a higher number of grams, each gram is worth less than a pennyweight. The offer will always work out to be the same either way. Let me give you another example. Let’s say that instead of selling jewelry, you are selling a ruler. I tell you that the ruler is 1 foot long, and the guy down the street says, “Its 12 inches long, and I pay by the inch, so you get more.” But he’s paying you $1 an inch and I’m paying you $12 a foot. Who is paying more? We are both paying the same.

3. If you don’t take my offer now, gold could drop and my offer will too.

This is a high pressure sales tactic that you should never fall for. First of all, gold is just as likely to go up as it is to go down. There have only been a handful of times in the last 15 years that gold has dropped significantly over the course of a few days. Even at its more volatile times, gold seldom moves more than 5% in a day. If your gold buyer is honest and cares about his customer, he should still be willing to honor his original price. Even if he doesn’t honor it, the price shouldn’t change that dramatically.

4. This isn’t real, but I’ll pay you (X) amount for it.

This one raises a simple question. If it isn’t real, why are you paying me anything for it? Of course, there are instances where it isn’t that simple. You might have a diamond ring that you are told is real gold with a fake diamond, but they still want to buy the piece for its gold. If this happens, ask to see the diamond test that shows it is fake, and ask them to explain it to you. Diamond testers are very simple machines, and it should be easy for them to explain the results to you. Likewise, someone might tell you a coin is counterfeit, but is still made of gold or silver. This rarely happens, but it does happen. If that is the case, ask them to explain what makes them believe it is counterfeit. Then, do your own research to confirm that what they are telling you is true.

5. Gold prices will be going up/down in the future.

There is a saying in our industry. “Only two people understand why the price of gold moves, and they both disagree.” The point is, no one knows what gold will do, even the experts. It is extremely volatile and has defied every explanation for why it moves.