Treasure in mountains: Hikers discover $680,000 hoard in Czech Republic

The New York Times describes in a recent article that a casual hike in the Czech Republic's Krkonose Mountains turned into a once-in-a-lifetime discovery when two hikers stumbled upon an extraordinary treasure—a trove of 598 gold coins and priceless artifacts hidden within a stone wall. 

Now, as experts work to uncover the secrets behind this long-forgotten stash, the search for its mysterious owner and the story behind its burial is capturing the imagination of historians and treasure hunters alike.

Not far from the initial discovery, the hikers unearthed a second cache—a metal box containing 16 snuffboxes, 10 bracelets, a comb, a chain with a small key, and a powder compact. The treasure is valued at an estimated $680,000, sparking intrigue and speculation among historians and amateur detectives.

Dr. Novak believes the 598 gold coins are worth approximately 7.5 million Czech Koruna (around $340,000), while the other items, if solid gold, could carry a similar value. However, the most intriguing aspect of the discovery is the relatively modern date of the most recent coin, from 1921. This suggests the treasure was buried within the last century.

The origin of the treasure has raised several theories. Some suggest it may have been hidden by a soldier returning from war, a fleeing merchant, or even a wealthy heiress. While many of the coins come from Western Europe, the Balkans, the Ottoman Empire, Russia, and North Africa, their presence in the region remains puzzling.

Dr. Novak is hopeful that archival research might reveal more. The timing of the treasure's burial coincides with the upheaval of World War II and post-war migration in Central Europe. He speculates that the treasure could have been hidden by someone who was unable to return for it due to the war.

The personal items found with the treasure, including snuff boxes and a compact, may provide further clues. With both men's and women's belongings, it suggests the treasure was likely buried by a group. As experts continue to examine the objects, two snuff boxes remain unopened, potentially holding the key to solving this decades-old mystery.

By Naila Huseynova