During a stagecoach robbery near Traverse City in 1874, $74,000 in gold coins was stolen. The loot was buried between two tree stumps on the north shore of Benton Lake in Michigan, in an old iron stove. The hoard was never recovered as the robbers feared arrest or possible lynching by the irate lumberjacks whose payroll they had stolen.
The lost Bertrand Treasure
A wealthy fur trader named Joseph Bertrand buried a vast treasure in oak chests somewhere near the site of his trading post. His trading post was located at the junction of several old Indian trails that crossed the St. Joseph River near Bertrand, Michigan.