The Lost Confederate Gold: Spent, Stolen, or Sunken?

When Richmond fell in April 1865, the Confederate government fled south with its entire treasury: gold bars, silver coins, and pieces of eight. And by the time Jefferson Davis was captured weeks later, almost all of it was gone. Did it vanish into soldiers' pockets and wartime chaos, or did a secret society bury it for a future uprising? Some treasure hunters say millions in gold still sit in a railroad boxcar at the bottom of Lake Michigan. This episode traces every dollar from the burning capital to the cold dark of the Great Lakes... and separates the ledger from the legend.

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