Life
Man discovers wad of cash dating back to great depression while excavating his lawn
First he hit glass. Then the discoveries kept on coming.
Randy Aragon
08.17.22

We’ve all seen it in the movies, someone who buries a stash of money during tough times, with hopes of coming back to retrieve it in the future.

Turns out, it happens in real life, which this couple in South Jersey learned first-hand when they dug up money dating back almost 100 years in their front yard.

You’ll have to see this to believe it!

YouTube - 6abc Philadelphia
Source:
YouTube - 6abc Philadelphia

It’s not every day you find a time capsule into the past buried on your property, but that’s exactly what kind of day it was for Rich Gilson and his wife Suzanne when they found something interesting in their front yard this past July.

It started with digging

It all started when the Gilson’ decided to excavate their front yard last month, with no idea that they were about to unearth a piece of history in the form of old money.

First came glass.

While digging, Rich began hitting glass and encountered what he thought were root balls.

YouTube - 6abc Philadelphia
Source:
YouTube - 6abc Philadelphia

They weren’t rootballs.

When Rich looked closer, he realized what he’d initially thought were root balls, was actually money wrapped in burlap

There were two burlap balls with money stuffed inside of them, they had been in a glass jar that had since broken.

Each burlap money ball contained rolled up $10’s and $20’s that amounted to $1000, and they had the date 1934 on them.

YouTube - 6anc Philadelphia
Source:
YouTube - 6anc Philadelphia

In the year 1934, the Great Depression would have been in full swing, which puts into perspective how important something like this would have been to someone back then.

Not to mention, you won’t believe how much that would be in today’s dollars.

Twenty times the worth

In 1934, $2,000 would have been a whopping $40,000 in today’s money

When Suzanne Gilson looked up the value of two thousand dollars in 1934, she couldn’t believe her eyes.

It was like this person was burying forty thousand dollars.

But who were they?

YouTube - 6abc Philadelphia
Source:
YouTube - 6abc Philadelphia

Uncovering the story

Turns out, there was a story behind the money, and the Gilsons managed to uncover that too.

At first, Rich thought it must be tied to some illegal activity from the 1930s’ but soon learned the truth.

James Dempsey

The home was owned by a man named James Dempsey, who had instructed his daughter to bury the money.

It wasn’t the haul from a bank robbery as Rich had first suspected, but actually the money of a hardworking man who just wanted to put something away during the Great Depression.

The only problem, after the family buried it they forgot the money’s location and couldn’t find it.

YouTube - 6abc Philadelphia
Source:
YouTube - 6abc Philadelphia

Finder’s keeper’s

Although it’s not a massive amount of money, it’s the story behind it that makes it special, which is why Rich says he won’t be spending it anytime soon.

YouTube - 6abc Philadelphia
Source:
YouTube - 6abc Philadelphia

“It’s a lot of money but it’s not life-changing obviously, I think the story is more interesting. The history of the fact that this fella did this 90-something years ago. People ask ‘what are you going to do with it?’ Well, I’m certainly not going to spend it.” Rich told Abc 6 News.

To see this interesting discovery for yourself, just watch the video below!

Please SHARE this with your friends and family.

By Randy Aragon
hi@sbly.com
Randy Aragon is a contributor at SBLY Media.
Advertisement
Advertisement