--- title: Forrest Fenn, Who Started a Famous Hunt for Hidden Treasure, Says His Chest Has Been Found description: The quest has ended. Skeptics have their doubts. authors: - name: Julia Glum role: Managing Editor url: https://money.com/author/julia-glum/ bio: Julia Glum joined Money in 2018 and specializes in covering financial trends that affect everyday Americans' wallets. She also writes Dollar Scholar, a weekly newsletter that teaches young adults how to navigate the messy world of money. education: University of Florida at_money_since: 2018 articles: 453 covers: - Lifestyle - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes - Technology also_seen_in: - Newsweek - International Business Times - CBS News - Good Morning America - WUSA9 - Pix 11 - The New York Times - Mashable - The Washington Post - CNBC - Politico social: - https://x.com/superjulia - https://www.linkedin.com/in/julia-glum published: '2020-06-07T19:44:07.000Z' modified: '2024-05-17T04:38:15.000Z' section: Lifestyle tags: - hidden treasure word_count: 663 canonical: https://money.com/forrest-fenn-treasure-found/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![190621-forrest-fenn](https://img.money.com/2019/06/190617-forrest-fenn-video.jpg) A famous modern-day treasure hunt that has captivated hundreds of thousands of people around the world may have just come to an end. [Last year we reported on Forrest Fenn](https://money.com/theres-a-treasure-chest-worth-millions-hidden-somewhere-in-the-rocky-mountains-these-searchers-are-dedicating-their-lives-and-savings-to-finding-it/), the elderly art collector who claims to have hidden a chest full of gold, jewelry and other precious items in the Rocky Mountains about a decade ago — and now he says someone has finally found his stash. The announcement arrived late Saturday in a post on [dalneitzel.com](https://dalneitzel.com/), a website devoted to dissecting the poem Fenn wrote containing clues about the treasure's location. (Fenn doesn't post directly on the website himself; instead, he sends in messages to Dal Neitzel, a searcher based in Washington.) The same wording appeared on the [website](https://www.oldsantafetradingco.com/) for the Old Santa Fe Trading Co., Fenn's official website. It read: > THE TREASURE HAS BEEN FOUND > > It was under a canopy of stars in the lush, forested vegetation of the Rocky Mountains and had not moved from the spot where I hid it more than 10 years ago. I do not know the person who found it, but the poem in my book led him to the precise spot. > > I congratulate the thousands of people who participated in the search and hope they will continue to be drawn by the promise of other discoveries. > > So the search is over. Look for more information and photos in the coming days. Fenn later confirmed the news to Money, writing, "Yes, it is true." This is a major development in the legend of Fenn's treasure hunt, which the collector has said he was inspired to start after a cancer diagnosis in the 1980s. The search picked up steam in 2013 and has involved an [estimated](https://www.cnbc.com/2018/04/17/millionaire-forrest-fenn-hid-treasure-in-the-rockies-and-left-a-clue.html) 350,000 people — many of whom have invested their savings and retirement into the hunt. Some are even making money from it, selling coins, books, maps and art inspired by the search. The chest is [rumored](https://www.huffpost.com/entry/rocky-mountain-treasure_b_3936009) to be worth up to $5 million, but for many, the search is more about the online community than it is the money. People congregate in Facebook groups, chase-dedicated forums and on YouTube to debate their solutions to Fenn's poem, forming connections along the way. It's not necessary to do boots-on-the-ground visit out west in order to join the fun. However, there are some critics. Even on Reddit Sunday, one searcher [asked](https://www.reddit.com/r/FindingFennsGold/comments/gyd2ci/somethings_fishy/) why Fenn didn't give more information about the finder in his post and why he phrased the announcement the way he did. In the past, skeptics have argued the entire search is a hoax — and a dangerous one, given that roughly five people have died in the wilderness looking for the treasure. In 2017, the then-chief of the New Mexico State Police [demanded](https://www.washingtonpost.com/news/post-nation/wp/2017/06/22/the-search-for-a-2-million-treasure-has-turned-deadly-and-police-want-to-call-off-the-hunt/) Fenn call off the hunt because "people make poor decisions" when there are such riches at stake. In May, an Indiana man [got a five-year ban](https://www.gillettenewsrecord.com/news/wyoming/article_5e3c0b12-f396-571c-a322-d4a88e998319.html) from Yellowstone National Park after he had to be rescued while looking for Fenn's treasure. The antiques dealer himself has been at risk, too. Searchers have [stalked](https://www.santafenewmexican.com/news/local_news/alleged-forrest-fenn-stalker-arrested-in-nevada/article_8e366b72-812a-5051-960c-7bb940d5f8fd.html) Fenn, shown up to his New Mexico house uninvited and threatened him for information. This past December, a Colorado man [sued](https://www.santafenewmexican.com/news/local_news/fenn-sued-by-colorado-man-claiming-he-was-duped-by-treasure-hunt/article_2e093da9-faf9-5852-9d07-8ebbcbc81e16.html) Fenn for $1.5 million, saying that he'd been fooled "by fraudulent statements." That prompted another searcher [to file](https://www.santafenewmexican.com/news/local_news/man-says-he-has-discovered-forrest-fenn-s-treasure/article_8bdec7e0-2027-11ea-bd41-5bf5044a64d0.html) in Fenn's defense saying *he'd* located the cache, which was actually a "virtual art installation or metaphorical 'treasure.'" (Fenn [counter-sued](https://klaq.com/treasure-hunter-sues-forrest-fenn-fenn-now-countersues/) the Colorado man, and the lawsuit [was dropped](https://www.krqe.com/news/new-mexico/lawsuit-over-forrest-fenns-fortune-dropped/) in March.) All of that is to say that there's a lot riding on Fenn's claim that his treasure has been found. A lot of questions remain — Who found Forrest Fenn's treasure? Where was it? What happens now? — but it seems the story is far from over. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/forrest-fenn-treasure-found/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Lifestyle", "item": "https://money.com/lifestyle/" }, { "@type": "ListItem", "position": 3, "name": "Art and Culture", "item": "https://money.com/art-and-culture/" }, { "@type": "ListItem", "position": 4, "name": "Forrest Fenn, Who Started a Famous Hunt for Hidden Treasure, Says His Chest Has Been Found" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/forrest-fenn-treasure-found/#webpage", "url": "https://money.com/forrest-fenn-treasure-found/", "name": "Forrest Fenn, Who Started a Famous Hunt for Hidden Treasure, Says His Chest Has Been Found", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2020-06-07T19:44:07.000Z", "mainEntity": { "@id": "https://money.com/forrest-fenn-treasure-found/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/forrest-fenn-treasure-found/#breadcrumb" }, "dateModified": "2024-05-17T04:38:15.000Z" }, { "@type": "Article", "headline": "Forrest Fenn, Who Started a Famous Hunt for Hidden Treasure, Says His Chest Has Been Found", "articleSection": "Lifestyle", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2019/06/190617-forrest-fenn-video.jpg", "width": 8256, "height": 6192, "caption": "190621-forrest-fenn" } ], "author": [ { "@type": "Person", "name": "Julia Glum", "url": "https://money.com/author/julia-glum/", "@id": "https://money.com/author/julia-glum/#author", "description": "Julia Glum joined Money in 2018 and specializes in covering financial trends that affect everyday Americans' wallets. 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