Before Mexico began fighting for independence from Spain between 1810 and 1821, Spain had made little progress expanding North. Northern Mexico, including Texas, was sparsely populated, and roads were almost non-existent. However, people found ways to trade, and caravans of goods rumbled along the trails. North of Texas, the land was part of the U.S. Territory, as it was part of the Louisiana Purchase of 1803. However, the land was not yet organized.

During these years, Mexican bandits were known to have preyed upon travelers in Texas, parts of Oklahoma, and even as far as Missouri. In 1819, after the outlaws had made a successful raid into Missouri, the bandits made their way to their camp on the Blue River about 10 miles North of present-day Durant, Oklahoma. They had an iron strongbox containing about $105,000 in gold coins.

A group of men followed the robbers, determined to stop the frequent Hold-up. When the outlaw leader saw the mob approaching, he ordered his men to bury the iron chest by the river, and the bandits fled. However, their pursuers quickly tracked them down and killed them.

Afterward, several people looked for the buried loot, but the iron chest and its coins, said to be worth over $1,000,000 today, were never found. Legend says that the Blue River buried it in a place with many rapids, waterfalls, and ledge drops.

Almost a century later, in March 1909, another group of searchers calling themselves the Mexican Treasure Exploration Company was digging a shaft near the banks of the Blue River, ten miles northeast of Durant. However, a torrential spring rain fell heavily on the men, causing at least two cave-ins and the deaths of some of the men in the shaft. By this time, the searchers were nearly out of funds and gave up looking for the elusive strongbox.

 

©Kathy Alexander/Legends of America, October 2026.

Also See:

Oklahoma Lost Treasures

Lost Treasure Tales Across America

Tales of Ghostly Lost Treasure

Tales & Trails of the American Frontier

Sources:

Dary, David; Stories of Old-Time Oklahoma, University of Oklahoma Press, 2013.
Okie Treasure Hunter
Treasure Net