$50,000 rare coin hunt will take over San Francisco

What’s Happening

Real talk: Valuable coins including a gold rush era “Humbert Slug” will be hidden all over the city.

The post $50,000 rare coin hunt will take over San Francisco appeared first on Popular Science. The gold ingots weren’t technically official U. (wild, right?)

Credit: Witter Coin Get the Popular Science daily 💡 Breakthroughs, discoveries, and DIY tips sent six days a week.

The Details

A new gold rush is coming to California. For the third year, San Francisco’s Witter Coin will host a treasure hunt across the city collectively worth over $50,000.

An insanely rare, $50 gold piece from 1851 valued at around $25,000. “This city was built around the pursuit of gold,”Witter Gold CEO and owner Seth Chandler told KTVU .

Why This Matters

“We wanted to create something that brings that spirit back. Something real, tangible, and rooted in San Franciscos history. ” View this post on Instagram Humans have lived in the region now known as San Francisco for over 5,000 years.

The scientific community tends to find developments like this significant.

Key Takeaways

• European colonization of the area began when the Spanish during the late-18th century, who at some point ceded the territory to Mexico in 1821.
• Although millions of people live in San Francisco today, less than 470 residents called it home on the eve of the California gold rush in 1847.
• By 1849, that number had exploded to over 25,000 newly settled treasure seekers.

The Bottom Line

5 ounces of gold, making it one of the largest currencies of its kind. In an Instagram post , Chandler broke down that the store will release hourly clues on Saturday April 25 to help scavenger hunters pinpoint the location of the 1851 Humbert Slug as well as nine other historic collectible currency pieces.

We want to hear your thoughts on this.