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He told John Reed to name his price. Reed, not understanding the true value of gold, asked for what he thought was the hefty price of $3.50, or a week's worth of wages. The large nugget's true value was around $3,600. About 1803, John Reed organized a small gold mining operation. Soon afterward a slave named Peter found a 28-pound nugget. [2]
In 1802, Conrad's father, John Reed, showed the rock to a jeweler, who recognized it as gold and offered to buy it. Reed, still unaware of the real value of his "doorstop," sold it to the jeweler for US$3.50 (equivalent to $74.53 in 2023) (approximately one week's pay for a farm laborer at that time). The large nugget's true value was around ...
The first substantiated gold find in America took place in Cabarrus County in 1799, when Conrad Reed discovered gold in Little Meadow Creek. The Reed Gold Mine (now a National Historic Landmark) was founded, and resulted in a gold rush to the area in the early 1800s. [5]
The Reed Gold Mine, site of the first discovery of gold in the United States, is located east of the town. The Reed Gold Mine is now a historic site under state management and is open to the public. The area was an important gold mining center in the 19th century; however, gold mining activity in the region predates the founding of Midland.
A tour guide died at a Colorado gold mine after an elevator experienced a mechanical issue hundreds of feet below ground, trapping a dozen tourists for several hours, authorities said. The ...
At around noon, the elevator at the gold mine near the town of Cripple Creek experienced mechanical issues that "created a severe danger for the participants," Teller County Sheriff Jason Mikesell ...
Sample of silver-bearing cerussite from the Silver Hill Mine. The 1799 discovery of gold in Cabarrus County by John Reed sparked the first gold rush of the early United States. North Carolina became a national center of mining and prospecting, with mining becoming the state's second-largest industry behind agriculture. [5]
A 'preacher's kid' who took a stand. Reed, a native of Kingfisher, was born into a Christian household as a "PK" — "preacher's kid" — to the Rev. John. A. Reed Sr. and his wife, Mae Ella Reed.