Gold Coast tradies unearth $200k backyard cash haul

Tradies have unearthed thousands of dollars in cash buried in a Gold Coast backyard.

The workers discovered the money - reported in media to be old notes valued at around AU$200,000 (NZ$215,000) - in sealed containers while clearing a site at Runaway Bay on Thursday.

The cash has been handed in to police, who are conducting a forensic analysis on it and carrying out further searches of the yard.

Police found more containers after they were initially called to the site by workers, Nine News reported.

"You couldn't even see into them [the containers], so they were there to be preserved," worker Jake Johnston told Nine.

"It's crazy. They started digging more this morning and ... forensics found more."

The money was reportedly in $100 bills in old paper currency, which was phased out in Australia in 1996.

Real estate records show the site was probably a vacant lot in the late 1980s, about the same time notorious bank robber Brenden Abbott was targeting Gold Coast banks.

Police are still analysing the found cash to determine its origin.

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