[4][5] Amongst such incursions, many wealthy residents at the time were rumored to bury their savings, to prevent it from being confiscated by the Confederates.
[4][7] Ryan McNutt, a conflict archaeologist from Georgia Southern University opined that, based on the dating of the hoard, the cache was buried in advance of Morgan's Raid, a major offensive through Kentucky into the Midwest by Confederate general John Hunt Morgan in June–July 1863, concurrent to that of Gettysburg and Vicksburg.
It was noted that the 1861 dollars had medallic alignment imperfections, and a new 1862 error (two specimens), where the date was re-punched twice, which was then dubbed variant VP-002 by the Numismatic Guaranty Company (NGC).
[6] Following the discovery, NGC slabbed the pieces with a specific label tracing the coins back to the hoard.
[6] The hoard was publicized through the certification of the coins through the NGC and subsequently sold by the website GovMint.