While I haven't had time to investigate fully, I have checked to see that the Woolfolk theory is at
least plausible.
The Woolfolks of Jackson, Tennessee
There was a large Jackson, TN, landowner named John Woolfolk and his wife Almira who were in their thirties in 1850. Living with them were probably their children and an older John Woolfolk and his wife Mildred, probably the grandparents to the children. By 1860, John and Almira have disappeared (possibly dead), while their children are living with their probable grandparents John and Mildred. John is in his 80s with Mildred at least 10 years younger.
I believe that if the story is true, Mildred is the widow in the story and the young daughter to which she shows the location of the gold is actually one of her granddaughters, possibly Elizabeth Woolfolk.
Unsolved MysteriesHow much gold was actually recovered in 1985 and who took it? Did the bank president actually steal the gold from his bank and bury it on his property? Or was the hoard the same gold buried by the widow Woolfolk to keep it out the Union raiders hands? If not, where is the Woolfolk gold today?
The Tennessee Hoard remains one of those mysteries that will probably never be solved. However, if I was a current owner of land that used to be part of the Woolfolk plantation, I guarantee I'd be out scouring that land with a metal detector.
Sources
Bowers, Q. David. "Tennessee Treasure Mystery." (May 1, 1998).
http://www.pcgs.com/articles/article292.chtml (accessed January 27, 2009).
Yore Treasures Inc., "Little Cache Sites,"
http://www.yoretreasures.com/yore.htm (accessed January 27, 2009). Originally published in Duffy, Howard, "Ten Little-Known Cache Sites,"
Treasure Magazine vol. 16, no. 4 (April 4, 1985).
Kellyco Metal Detector Superstore. "City Workers Find Pot of Gold."
http://www.kellycodetectors.com/Finds/misc/pot_of_gold.htm (accessed January 27, 2009).