Gold Hill is an unincorporated community in Storey County, Nevada, located just south and downhill of Virginia City. Incorporated December 17, 1862, in order to prevent its annexation by its larger neighbor, the town at one point was home to at least 8,000 residents. Prosperity was sustained for a period of 20 years between 1868 and 1888 by mining the Comst…Gold Hill is an unincorporated community in Storey County, Nevada, located just south and downhill of Virginia City. Incorporated December 17, 1862, in order to prevent its annexation by its larger neighbor, the town at one point was home to at least 8,000 residents. Prosperity was sustained for a period of 20 years between 1868 and 1888 by mining the Comstock Lode, a major deposit of gold and silver ore. Mines such as the Yellow Jacket, Crown Point, and Belcher brought in over $10 million each in dividends. Historical remnants of the town can still be seen, including the Gold Hill Hotel, promoted as Nevada's oldest hotel, in existence since 1861; the former Bank of California building; the restored Virginia & Truckee Railroad depot; the Depression-Era Crown Point Mill; and remains of several of the mines and residences in various states of restoration and repair.