One thing became abundantly clear to me during my conversations with the cavalry guys that was not made clear in the show, and that was there was no Custer "treasure" in the form of gold and/or silver. The pay wagon was with Reno who pulled back and wasn't part of the Little Bighorn battle. Therefore, the only thing that could have been salvaged from the dead soldiers by the natives was personal items and paper currency.
I didn't know about the pay wagon until two days into filming. I was told by the men in the cavalry that there was a pay wagon with the men, but that it was left behind. […] I asked the same questions about payroll and was told the men were paid after they left the fort so they couldn't spend it on booze and women. Makes sense to me.
The more interesting issue is that Wolter repeatedly testifies that he accepts evidence based on whether he trusts the person telling him secondhand information. To wit, the reenactment players are good people; therefore, their claims are true. Scott Wolter is a good person; therefore, we should believe his claims are true. Academics are bad people; therefore, their evidence is corrupt. In other words, he seems to see evidence as an extension of his faith in the individual rather than an independent variable.
But the irony of the week award goes to Wolter’s belated realization that baroque stories about fabulous history might well be the result of gradual accretions in the retelling: “It's interesting how these legends take off and become ‘truth’ after being retold over a long enough time.” Do you think he’ll ever take his own advice and apply that to his own byzantine Jesus-Templar-Oreo Cookie conspiracy? (The claim that the Templars reached America are the result of just such a game of telephone, as I have documented.) The chances of that are about as good as him finding the Ark of the Covenant.
Let’s remember that Wolter essentially agreed to pretend a myth he doesn’t believe in was true to make better TV the next time he asks us to accept on faith than anything on his TV show is “true.”