According to local tradition, the plate coins had been hidden in the mid-18th century by a powerful woman in the village who had become rich by selling timber to the copper mine in Falun, and who had died without telling anybody where she had hidden her riches.
In accordance with local lore, it is said that the commemorative plates were concealed in the 18th century by a wealthy female resident of the village who had built her fortune through her business dealings with the Falun copper mine, but never revealed the location of her hidden treasure.