Learn To Trade
 
Indicators & Chart Patterns

Deepen your knowledge of technical analysis indicators and hone your skills as a trader.

Find your detailed guides here
Trading Glossary

From beginners to experts, all traders need to know a wide range of technical terms. Let us be your guide.

Learn more
Knowledge Base

No matter your experience level, download our free trading guides and develop your skills.

Learn more
Learn To Trade

Trade smarter: boost your skills with our training resources.

Create a live account
Market Analysis
 
Market News

All the latest market news, with regular insights and analysis from our in-house experts

Learn more
Economic Calendar

Make sure you are ahead of every market move with our constantly updated economic calendar.

Learn more
Technical Analysis

Harness past market data to forecast price direction and anticipate market moves.

Learn more
Live Webinars

Boost your knowledge with our live, interactive webinars delivered by industry experts.

Register now
Special Reports

Engaging, in-depth macroeconomic analysis and expert educational content from our in-house analysts

Learn more
Market Analysis

Harness the market intelligence you need to build your trading strategies.

Create a live account
Partnership
 
Affiliate Programme

Grow your business and get rewarded. Find out more about our Affiliate Programme today.

Learn more
Money Manager

Increase your income and get compensated for your trading knowledge with ThinkInvest, putting you in control.

Learn more
Introducing Broker

ThinkMarkets ensures high levels of client satisfaction with high client retention and conversion rates.

Learn more
White Label

We supply everything you need to create your own brand in the Forex industry.

Learn more
Regional Representatives

Partner with ThinkMarkets today to access full consulting services, promotional materials and your own budgets.

Learn more
Partnership

Plug into the next-gen platforms and the trades your clients want.

Partner Portal
About ThinkMarkets
 
Liverpool FC Sponsorship

ThinkMarkets is the Official Global Trading Partner of Liverpool FC

Learn more
About Us

Find out more about ThinkMarkets, an established, multi-award winning global broker you can trust.

Learn more
Careers

Discover a range of rewarding career possibilities across the globe

Apply now
Security of Funds

Security of your funds is our number one priority. We safeguard our Client funds in top tier banks.

Learn more
ThinkMarkets News

Keep up to date with our latest company news and announcements.

Learn more
Trading Infrastructure

When it comes to the speed we execute your trades, no expense is spared. Find out more.

Learn more
Contact Us

Our multilingual support team is here for you 24/7.

Learn more
About ThinkMarkets

Global presence, local expertise - find out what sets us apart.

Create a live account
Create account

The 10 biggest gold finds of all time

Agnes Lovasz Agnes Lovasz 24/11/2022
The 10 biggest gold finds of all time The 10 biggest gold finds of all time
The 10 biggest gold finds of all time Agnes Lovasz

Can you imagine the excitement you would feel at the sound of your shovel hitting something solid and metallic in the ground or your metal detector beeping loudly, jumping off its shaft? And then you discover that you, literally, struck gold – it’s a giant lump of this precious metal.

 

Gold finds are rare. Gold nuggets, or naturally occurring pieces of native gold, however, are still being found during mining or sometimes by chance by lucky individuals.

As gold remains a safe-haven asset throughout the rocky economic changes, let us take a look back through the decades at the most momentous discoveries of giant gold pieces.

Check out the following list to learn about 10 of the world’s biggest and most famous gold finds:

 

1 Holtermann ‘nugget’

This is the single biggest mass of gold ever found. Strictly speaking, it’s not a gold nugget, but a giant piece of gold specimen embedded in quartz and slate. It was discovered in October 1872, in the Star of Hope mine in Hill End, New South Wales, Australia and named after Bernhardt Holtermann, the mine manager.
 
Resembling an enormous surfboard, it measured 144.8 cm high x 66 cm wide x 10.2 cm thick, weighing a massive 285 kilogrammes. When extracted, the weight of its gold content was 93.2 kilogrammes. That would be worth more than USD 5 million today. A replica can be found in the Australian Museum in Sydney.

 
Image courtesy of the State Library of New South Wales via Wikimedia Commons

 

Holtermann posing with the nugget

 

 

2 Welcome Stranger

This 78-kilogramme gold fragment is considered the largest gold nugget discovered in the world, and, beyond doubt, it’s the most legendary. Celebrations organised for the 150th anniversary of the discovery sparked international attention. It was discovered at Moliagul, in the state of Victoria, Australia, in February 1869 by two English prospectors John Deason and Richard Oates, during a gold rush in the area. 

It was near the surface, held in place by the roots of a tree. It was broken into three pieces to make it easier to weigh and eventually melted down. The nugget yielded more than 2,284 troy ounces (71 kg) of pure gold, which would be valued at USD 3.8 million today. 

Troy ounces are used as a unit of measurement used for precious metals. A troy ounce is 31.10 grams.   

There is no photograph of the nugget. Replicas based on a sketch about the original nugget can be found in the Dunolly Museum and the Rural Transaction Centre in Dunolly, Victoria. 

The Welcome Stranger is not to be confused with the similarly named, but slightly smaller, Welcome nugget that was found in the gold rush town of Ballarat, Victoria, 11 years earlier. The 'Welcome' nugget weighed 2,195 troy ounces, nearly 69 kilogrammes, and was sold to Royal Mint in London, and melted down. 

 

 
Image courtesy of the Dunolly Museum, Australia

 

Replica of the Welcome Stranger in the Dunolly Museum
 

 

3 King Henry, or RNC Minerals 1, ‘nugget’

The most valuable gold specimen in existence and on display in the world today is the King Henry, weighing 93 kilogrammes with an estimated gold content of 45 kilogrammes. Its precious metals content would be worth about USD 2.4 million at today’s gold price. This is, again, not a gold nugget, but an enormous gold encrusted rock, made up also of quartz and slate. 

One of the most recent gold discoveries, this giant specimen was found in in 2018, in the Beta Hunt mine, near Kambalda in Western Australia, by RNC Minerals employee Henry Dole. The impressive block of gold found a new home as the centrepiece of the Perth Mint’s gold exhibition showcasing the history of Australian gold to the rest of the world. Canadian mining company RNC Minerals, which has since changed its name to Karora Resources, received USD 3 million for the gold-covered specimen. 

 

Image courtesy of the Perth Mint

 

The King Henry displayed at the Perth Mint in Western Australia
 

 

4 Canaã nugget, or Pepita Canaã

This giant lump of gold, also known as the Pepita Canaã, at 60.8 kilogrammes, is the world's largest surviving gold nugget. It was the largest gold nugget unearthed during Brazil's Serra Pelada Gold Rush in the early 1980s.

It’s on display at the Banco Central Museum in Brasília alongside several others found in Brazil’s Serra Pelada (Naked Mountain). It contains 52.3 kilogrammes, or 1,682 troy ounces of pure gold, valued at USD 2.8 million at the current gold price.

 

 

5 Monumental nugget – the biggest gold nugget ever found in the US

The ‘Monumental’ was the largest gold nugget found in the US. It was discovered in 1869 in the Sierra Buttes Mine in Sierra County, California, an area associated with the California Gold Rush of the 1800s.

That historically significant gold rush began when workers at Sutter's Mill discovered gold in a river in 1848.

Spotted by miners on their way to work after heavy rainfall, the 'Monumental,' this huge chunk of gold weighed about 48 kilogrammes when extracted from the ground. The nugget was shipped to San Francisco and sold to R.B. Wood, the owner of the Woodward’s Garden and displayed there, before USD 20 gold coins were minted out of it. You can see its replica in the Kentucky Mine Museum, in Sierra City.




6 Lady Hotham nugget

Found by nine miners in the Canadian Gully of the Australian mining town of Ballarat in September 1854 during the Victorian Gold Rush, this lump of gold was named after the wife of the governor of the State of Victoria, Sir Charles Hotham, who was on a trip to the area at the time of the discovery.

Weighing 44.7 kilogrammes, it was the third-largest gold nugget to have been found in Australia.

 

 

7 The Great Triangle nugget

One of the gold discoveries outside Australia was made in the Urals mountains in Russia. Found in 1842, the Great Triangle is believed to be the second largest gold nugget that still exists today. The Great Triangle weighs 36.2 kilogrammes and contains about 32.9 kilogrammes (1,059 troy ounces) of gold, which would currently be valued at USD 1.7 million.

Owned by the Russian state, the nugget is on display in the Kremlin as part of the Diamond Fund Collection alongside impressive historical artefacts, gemstones, and jewellery.

 

 

8 The Golden Eagle nugget

Found in January 1931 by 17-year-old Jim Larcombe near Larkinville during the Western Australian gold rush. The 32.2 kilogramme slab of the precious metal got its name for its resemblance of a bird.

The largest gold nugget discovered at the time of the Great Depression sparked a gold rush in the area. It was sold to the Western Australian government and melted down. A replica of the nugget can be found Western Australian School of Mines’ Mineral Museum in Kalgoorlie.

 


Image courtesy of WA Museum Boola Bardip; photograph by Rebecca Hackett

 

A replica of the Golden Eagle nugget


9 The Hand of Faith

The Hand of Faith, named so for its shape, holds the record for being the biggest gold nugget found using a metal detector. Weighing 27.2 kilogrammes, it was found by prospector Kevin Hillier in September 1980 in Wedderburn, in the state of Victoria in Australia.  

It’s also one of the biggest gold nuggets still in existence  . It’s on display in the lobby of the Golden Nugget Casino in Las Vegas, which bought it from its finder for USD 1 million.



Image source: Alizada Studios / Shutterstock.com

 

The Hand of Faith
 

10 You Wouldn’t Believe It nugget

Weighing just 2 kilogrammes, this block of gold is not one of the largest nuggets ever discovered, but it deserves a mention on our list for the most imaginative name. It was found using a metal detector in June 2019 in old pasture land on the outskirts of the gold rush town of Ballarat in Victoria, Australia by a local pensioner, who wished to remain anonymous.

The retiree is also keeping the exact spot where he unearthed the treasure a secret, according to Mark Day, who operates the shop where the lucky prospector bought the metal detector, and who told the world media about the discovery.

At the prevailing gold price at the time, the find was estimated to be worth about USD 130,000, with collectors said to have been offering a premium for the nugget’s rarity. There are no news reports available about its eventual sale.

You don’t need to find or even own any gold yourself to experience the thrill of the precious metal. At ThinkMarkets, you can trade the gold market with CFDs from the palm of your hand on ThinkTrader, our award-winning platform.


 

Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.

Related articles:

Gold touches nine-month high on recession fears

By Agnes Lovasz

20/01/2023

Gold begins 2023 on front foot as climax in F...

By Agnes Lovasz

06/01/2023

Gold seen ‘stable but positive’ in 2023 as ra...

By Agnes Lovasz

03/01/2023

Why trade gold

By Agnes Lovasz

15/12/2022

How to trade gold with leverage

By Agnes Lovasz

08/12/2022

Meet our contributors
Carl Capolingua
×
Carl Capolingua
Market Analyst, Melbourne

Carl has over 20 years' experience in financial markets and has held senior analyst roles at a number of financial institutions. Specialising in Australian and US stock markets in particular, Carl uses a top-down approach to assess the global macro picture before using both technical and fundamental techniques to select stocks. He regularly appears as an expert commentator on a number of media outlets throughout the Asia-Pacific region.
 
 
 

Lesego
×
Lesego Mthombothi
Market Research Analyst, South Africa

Lesego Mthombothi is an experienced market research analyst and investment professional who proudly holds an honours degree in investment management and completed her CFA level 1.
 
 
 

Mahmoud Alkudsi
×
Mahmoud Alkudsi
Chief Markets Analyst, MENA

Mahmoud is a market analyst, with over a decade of experience in financial markets. He follows main market movers and tracks their effect on the price chart. Mahmoud mixes technical and fundamental tools with a deeper focus on the technical side, and with his wide experience in providing educational and guidance materials to all levels of traders, he helps them in making informed trading decisions. Before joining ThinkMarkets, Mahmoud was head of market research departments in different reputed financial companies, where he provided market analysis for a variety of asset classes, including FX, equities, indices, and commodity futures. As an experienced market commentator, he was hosted by too many print and broadcast media, including not limited to Sky News Arabia, France 24, Alarabyia, Alsharq-Bloomberg, and CNBC Alarabyia to discuss key risk events their clear impact on the price action. Mahmoud holds a Master of Business Administration (MBA) from Cardiff Metropolitan University of Wales, UK, and speaks Arabic, English, and Spanish.

Shawn
×
Shawn Lee
Market Analyst, Malaysia

Shawn Lee has over eight years of experience in the financial market as a market analyst. Shawn provides market key insights and trade ideas through the market and technical analysis. He also held trader roles and guided traders in maximising one’s trading success.

Carl Capolingua
Carl Capolingua
Carl has over 20 years' experience in financial markets and has held senior analyst roles at a number of financial institutions.
Lesego
Lesego Mthombothi
Lesego Mthombothi is an experienced market research analyst and investment professional who proudly holds an honours degree in investment management and completed her CFA level 1.
Mahmoud Alkudsi
Mahmoud Alkudsi
Mahmoud is a market analyst with over a decade of experience in financial markets. Mahmoud mixes technical and fundamental tools with a deeper focus on the technical side, and has experience in providing guidance to all levels of traders.
Shawn
Shawn Lee
Shawn Lee has over eight years of experience in the financial market as a market analyst. Shawn provides market key insights and trade ideas through the market and technical analysis. He also held trader roles and guided traders in maximising one’s trading success.
Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Back to top