Treasure!

[Lugnutzpop]

This is unbelievable!

I bowhunt a very large farm here in Wisconsin. It's upwards of 1000 acres and at one point was close to 2000 acres in size. My brother is friends with the owners son, that's how we got access to it.

Anyway, the boy's dad passed away about 30 years ago of a heart attack out in one of the barns when the kid was around 10.

My brother has been snagging a little silver along with me the past few months. A couple weeks ago, he showed his buddy one of the rounds he got and his friend wanted to know what it was worth. He told him about $30 each. Kid says, "Wow that much huh?" A week later the kid says he's had some silver that he turned in for cash so he could fix his truck. Says he got a few grand for it. My brother said to him he didn't know he collected silver. The guy responsed, "nah, my dad did evidently and left it at that".

Last weekend, they were talking about silver again, and the guy decides to let my brother know a little secret. Turns out after years of cleaning in a coulple buildings, he and his mom found two maps of the farm with locations marked "dig here". Took him a few months to get the locations figured out, but low and behold he finds a couple 20mm ammo cans FILLED with silver bullion. He's found 15 of them so far buried around the farm. He said there's 35 spots marked on the two maps and is waiting til spring to start digging again.

Unbelievably, his mom says she found five more similar maps last month buried in the attic of an old deserted farmhouse on the property. His mom said her husband had started buying silver back in the 30's but had no idea what he had done with it or how much he had.

My brother's going to try to get a picture of his stash, if he allows it, i'll post a pic here.

Sounds like he just hit the jackpot. Hoping he'll atleast let me help him do a little digging this spring. It would be cool just to be part of it IMO.

-L

[Argentsum]

Sounds like the kid's dad left a wonderful legacy.

Must be a curious feeling to have saved and bought treasure and then bury it knowing you'll most likely never see it again. I mean, if you never have to dig it up it counts as a success as you maintained fiscal solvency.

Its a level of old fashioned gritty savings that most modern civilized folk only consider worthy of a plot in a children's story.

[WhyKnow]

Neat story. I imagine a few of GIM's members will have children saying the same thing in 40-80 years.

[ToBeSelfEvident]

That's awesome. Bullion in those days was undoubtedly a fraction the face value of the coinage.

[Barefoot]

THE GREAT SILVER HEIST. In 1933, congress passed the Agricultural Adjustment Act with its Thomas Amendment. That amendment provided a tax of 50% on all private sales of silver when silver supposedly had a "price" of 90 cents an ounce. At the same time, government was paying 50 cents an ounce. So naturally all sales of silver were to the government. But what was government paying? When the dollar was fixed by law as being about 3/4 ounce of silver, 1/2 dollar was 3/8 ounce of silver. So, if government was paying 50 cents per ounce, they were paying 3/8 ounces for 8/8 ounces and in fact, stealing 5/8 of all silver produced. The people never caught on because decades earlier they were convinced that the dollar was a piece of paper! Why nickels were made of silver for 3 years during World War II is another. We thank the late Tupper Sauccy for bringing this to light. There were certain books that were out of print and Franklin Roosevelt wanted them to stay out of print. To keep them out of print was to melt the copper plates used to print them but our misleaders must always justify their actions as Bust justified his actions in Iraq. It was declared that there was a shortage of copper for the war and to offer a "token"of evidence, nickels were made of silver for three years and cents were made of zinc coated steel for one year. If ever see a pile of nickels and one or more appear dark, it could be a silver coin that tarnished. To prove it is silver, look for a mint mark over Monticello, Jefferson's home. A "D", "S" or "P" will prove the coin is silver. My teacher was Merrill Jenkins, Monetary Realist. author of 7 books the first being "Money", The Greatest Hoax On Earth and he invented the dollar bill changer that was erroneously called a "currency changer" when the only currency we ever had was silver coins.
Dec 28, 2010 at 4:21 PM | http://dailybail.com/universal/images/core-resources/icons/smalllight/user-unregistered.pngDave Wilber (http://dailybail.com/contributor/12007033)

[Barefoot]

THOMAS AMENDMENT

Attached as Title III to the Agricultural Adjustment Act of May 12, 1933, the Thomas Amendment became the "third horse" in the New Deal's farm relief bill. Drafted by Oklahoma Sen. Elmer (John William Elmer) Thomas, the amendment blended populist easy-money views with the theories of the New Economics. Alarmed that the Great Depression had dangerously deflated prices, Thomas could see "no other way of helping the farmer save through cheapening the dollar." No unbridled inflationist, however, Thomas wanted a stabilized "honest dollar," one that would be fair to debtor and creditor alike.
On April 18, 1933, Thomas, leader of an expanding cadre of inflationists, received Pres. Franklin Delano Roosevelt's permission to attach an omnibus monetary amendment to the pending farm relief bill. The amendment granted the president broad discretionary powers over monetary policy. It stated that whenever the president desired currency expansion, he first must authorize the open market committee of the Federal Reserve to purchase up to $3 billion of federal obligations. Should open market operations prove insufficient, the president had several options. He could have the U.S. Treasury issue up to $3 billion in greenbacks, reduce the gold content of the dollar by as much as 50 percent, or accept $100 million dollars in silver at a price not to exceed fifty cents per ounce in payment of World War I debts owed by European nations.
On April 24, 1933, Thomas defended his amendment in a three-hour address punctuated with displays of farm commodities that were receiving low market prices. "Silver" senators amended the measure to give the president additional discretionary powers to remonetize silver and raised the amount of silver acceptable in payment of war debts to $200 million dollars. The Thomas Amendment passed the Senate, sixty-four to twenty-one, on April 28 and became law on May 12, 1933.
The Thomas Amendment was used sparingly. The treasury received limited amounts of silver in payment of war debts from World War I. Armed with the amendment, Roosevelt ratified the Pittman London Silver Amendment on December 21, 1933, ordering United States mints to buy the entire domestic production of newly mined silver at 64.5 cents per ounce. Roosevelt's most dramatic use of the Thomas Amendment came on January 31, 1934, when he decreased the gold content of the dollar to 40.94 percent. However, wholesale prices still continued to stubbornly climb. Possibly the most significant expansion brought on by the Thomas Amendment may have been the growth of governmental power over monetary policy. In Thomas's opinion, the head must move the feet, and federal monetary management must accompany any successful effort to restore prosperity.

[charlie1023]

This is unbelievable!

I bowhunt a very large farm here in Wisconsin. It's upwards of 1000 acres and at one point was close to 2000 acres in size. My brother is friends with the owners son, that's how we got access to it.

Anyway, the boy's dad passed away about 30 years ago of a heart attack out in one of the barns when the kid was around 10.

My brother has been snagging a little silver along with me the past few months. A couple weeks ago, he showed his buddy one of the rounds he got and his friend wanted to know what it was worth. He told him about $30 each. Kid says, "Wow that much huh?" A week later the kid says he's had some silver that he turned in for cash so he could fix his truck. Says he got a few grand for it. My brother said to him he didn't know he collected silver. The guy responsed, "nah, my dad did evidently and left it at that".

Last weekend, they were talking about silver again, and the guy decides to let my brother know a little secret. Turns out after years of cleaning in a coulple buildings, he and his mom found two maps of the farm with locations marked "dig here". Took him a few months to get the locations figured out, but low and behold he finds a couple 20mm ammo cans FILLED with silver bullion. He's found 15 of them so far buried around the farm. He said there's 35 spots marked on the two maps and is waiting til spring to start digging again.

Unbelievably, his mom says she found five more similar maps last month buried in the attic of an old deserted farmhouse on the property. His mom said her husband had started buying silver back in the 30's but had no idea what he had done with it or how much he had.

My brother's going to try to get a picture of his stash, if he allows it, i'll post a pic here.

Sounds like he just hit the jackpot. Hoping he'll atleast let me help him do a little digging this spring. It would be cool just to be part of it IMO.

-L

Awesome story! Does this property have a lake by chance where a boating accident or two might have transpired???

[Tradewinds]

Glad they found the maps before they had to sell the land to pay taxes.

[dacrunch]

uh... perhaps he should've spent a few Morgans on seeing the heart doctor?... or the boy's ejjukashun?

:bandit: