No Subsidies For Big Food Is The Only ‘Based’ Position
Presidential wannabes don't have to back ethanol subsidies to win in Iowa.Presidential wannabes don't have to back ethanol subsidies to win in Iowa.Kentucky man finds a fortune in Civil War-era gold coins beneath his corn field: 'Unf***ing real'
A Kentucky farmer digging in his corn field struck gold earlier this year.
Had he found a solitary mid-19th century coin, he might be looking at a discovery worth $100,000 at auction. Instead, he found over 700 gold coins from the Civil War era.
The farmer, whose name and location have not yet been disclosed, can be seen in a short video posted to YouTube last month breathlessly surveying the find, saying, "This is the most insane thing ever."
Panning his camera quickly across the muddy discovery, he notes, "Those are all $1 gold coins. $20 gold coins. $10 gold coins. And look: I'm still digging them out."
The prospective multi-millionaire adds, "This is unf***ing real."
The National Post reported that the treasure, which has been dubbed "the Great Kentucky Hoard," contains 18 $20 Gold Liberty coins minted in 1863, one of which previously fetched nearly $100,000 at auction.
According to Professional Coin Grading Services, the 1863 $20 Gold Liberty coin weighs 33.4 grams, was designed by James Barton Longacre, and comprises 90% gold and 10% copper.
The Kentucky treasure also included over 600 gold dollar coins dating from 1850 to 1862, along with several silver coins.
Since the horde consists of Union currency, it is suspected that the former owners in the originally neutral state may have had dealings with the North or, at the very least, cause to hide their bullion from Confederate raiders.
The Numismatic Guaranty Company, the world's largest third-party coin grading service, indicated that this "cache of rare Civil War-era coins unearthed in the Bluegrass State includes finest-known 1863 Double Eagles as well as several interesting varieties and errors."
Jeff Garrett, a rare coin dealer and lead expert in American coinage, told the NGC, "While I’m always excited when someone calls asking for advice about a rare coin discovery, the opportunity to handle the Great Kentucky Hoard is one of the highlights of my career."
"The importance of this discovery cannot be overstated, as the stunning number of over 700 gold dollars represents a virtual time capsule of Civil War-era coinage, including coins from the elusive Dahlonega Mint," added Garrett. "Finding one Mint condition 1863 Double Eagle would be an important numismatic event. Finding nearly a roll of superb examples is hard to comprehend."
GovMint, a rare coin retailer, has been selected to auction the hoard to collectors.
Bill Gale, the president of GovMint, said, "This extraordinary opportunity allows us to share these historic coins with collectors and enthusiasts, ensuring their preservation and appreciation for generations to come."
The Great Kentucky Hoard Unearthing! youtu.be
Like Blaze News? Bypass the censors, sign up for our newsletters, and get stories like this direct to your inbox. Sign up here!
What The Ukraine War Revealed About The World’s Fragile Food Supply Chains
Russia’s war on Ukraine intensified and exacerbated problems in market dynamics, trade flows, and food production in unprecedented ways.Food and fuel prices likely to remain high for the foreseeable future
The high grocery bills that have hit American pocketbooks for over a year now are likely to continue, thanks to several anomalous circumstances related to corn yields, experts say.
Due to wet weather, the war in Ukraine, and issues still lingering from the pandemic and the government shutdown, corn will be grown and harvested at much lower levels than in previous years, affecting food and fuel supplies alike.
According to Reuters, unusual weather patterns in the northern plains and southern Canada have delayed planting routines and forced farmers to plant under less than ideal conditions that may lead to smaller crops.
"Overly wet conditions in North Dakota have led to one of the slowest starts to planting on record," Karen Braun of Reuters claimed in late May.
"We were pushing the envelope, working ground that was way too wet, just trying to get a crop in," Eric Broten, a North Dakotan farmer, said
As a result, the U.S. Department of Agriculture recently lowered its projections for corn this year from 181 bushels per acre to 177, and Reuters says that cut the U.S. harvest potential by over 9 million ton — almost half of China's U.S. imports last year.
The continued war in Ukraine has also greatly affected corn output. In recent years, Ukraine had produced as much as 17% of the world's corn, but difficulties in harvesting and shipping as a result of Russian aggression make a similar yield in 2022 unlikely.
Domestic shipping also continues to be a problem. Disruptions to supply lines from 2020 have still not been entirely resolved, and lower corn production has limited fuel availability and caused gas prices to rise.
According to Corteva, an agriscience company, the ethanol produced by corn composes 10% of the American automotive fuel supply. Some of that fuel is also used in agricultural equipment, meaning that some of the corn produced by American farmers is then used to grow and produce more corn.
Corn is also used to feed some livestock, putting additional pressure on corn supplies and yields.
President Biden has attempted to address the issue of reduced corn levels by alleviating some federal planting restrictions and implementing policies that would encourage farmers to plant. However, the USDA still predicts a tough road ahead for corn farmers, drivers and businesses reliant on corn and ethanol, as well as consumers: "U.S. corn exports are forecast to decline 4.0 percent in 2022/23 as lower supplies and robust domestic demand limit prospects."
Today's top stories
www.theblaze.com
www.theblaze.com
thefederalist.com