Nundle has a rich and colourful past as a gold-mining town from the 1850’s which is echoed in its charm and character. The streetscape is reminiscent of a bygone era. There is a solid imposing former bank building, an 1880’s Court House now housing Nundle’s museum, the historic Peel Inn, the goldfields era Odgers and McClelland Exchange Stores, the stone section of Mount Misery Mine, the Primitive Methodist Church, and a former butchery that now has furniture and handmade items for sale rather than chops and sausages.

Discovery of gold in 1851 at Hanging Rock led to a flood of prospectors from California, Jamaica, Europe and China to set up camp on the mountain slopes and along the Peel River.  Villages including Bowling Alley Point, Woolomin, and Hanging Rock  eventually developed to cater for the prospectors and their families.

Between 1852- 1856, it was estimated that alluvial gold to the value of $1.67 million was extracted with finds in almost every river and creek in the area.  The Department of Primary Industry reports that 8 tons of alluvial gold and 2 tons of reef gold have extracted from the Nundle Goldfields.   At today’s prices that would amount to some $400 million! There were high hopes for the Peel River diggings, but they never rivalled the Victorian gold fields and by the early 1860's alluvial gold had run out and reef mining took over.

By 1865 the population was about 500 with around 50 businesses in operation. The site for the village of Nundle was approved in 1854 but had to wait 30 years before its boundaries were officially defined and gazetted.

The ruins of old mine workings and equipment still lie scattered about the valley floor and up the mountainsides and traces of gold are still found in creeks and rivers. Gold was not the only fortune found in the hills; other semi precious stones and minerals including quartz, crystal, sapphires, zircons, prase, rhodonite and green crystal have all been found and visitors are welcomed to pan on the Peel River or fossick in the Hanging Rock area.