Oh I have another one but it wasn't my lure but a friend's. My friend and I and no it wasn't Jeremy84, went to the mouth of the credit one summer day , the first cast my friend made he lost his handle for his reel, so we quickly ran out and got a new handle while gettign it he picked up a new Rapala lure, it was about $12.
When we got back to the mouth, wouldn't you know it on his very first cast the lure got snagged and we thought it was gone. about half an hour later while still going at it, I happened to see what i thought was a minnow at first only to realize it was my buddy's lure. It was just out of arm reach but luckily enough we had a net with us.
Sure this isn't a lost lure story, but a close call of one