Michael Bernzweig manages MetalDetector.com in Southborough, MA. He has written extensively on the subject of metal detecting since the mid 1980’s. He has traveled world-wide in his pursuit of educating, exploring and advising others in the proper use of metal detectors. Outside of the business he enjoys mentoring students, being involved in the community and spending time with his family.
Treasure hunting with a Metal Detector is more than just a hobby for fun. You can generate a profit pretty quickly. Rising gold prices is just one of the reasons for this. Amateur treasure hunters are learning that they can sell scrap gold by weight. So, if you detect loose gold jewelry at the beach and take it to a gold dealer’s counter, you will get fair market price for your gold. Nothing is better than found money! Ed Burke, vice president of the Federation of Metal Detectors and Archaeology Clubs states, “No other hobby I can think of has a return like this. You can pay $800 for a metal detector and make up the return on it the first time, if you’re lucky.” It’s not typical that your first treasure hunt will pay for your detector, but the hobby can definitely be lucrative.
Many metal detector enthusiasts enjoy the excitement of the hobby more than its monetary rewards. However, if you are looking to profit from your detector, there are several ways to do it. Coin hunting can be quick, easy and profitable. Just turn on your metal detector and go. Millions of valuable coins are buried and waiting for a metal detector to come along. Coins that hold value include Indian head and Wheat pennies, Buffalo nickels, Barber dimes, Liberty and Washington quarters, gold coins and early colonial coins. Not only are colonial coins an important piece of American history, some of the earliest silver coins are valued at thousands of dollars by collectors.
Treasure caches reap great rewards for obvious reasons. If you uncover an iron kettle full of gold or silver coins, you’ve definitely cashed in! Every state has buried treasure. Some remain from the Revolutionary or Civil War. Others were buried by family members and successful businessmen. Many people from past generations didn’t trust banks—they wanted to control their own lives and possessions. It was common for these folks to bury their valuables for safekeeping. The stock market crash furthered the practice of burying valuables—to this day, people are still hiding money. Hence, there are thousands of buried treasures on properties across the U.S. If you or someone you know purchased an older home, it could very well be harboring treasure in or around the home.
Searching for gold is the dream of most treasure hunters. Gold can be found in flakes, shavings and nuggets. Old-timers say that it’s easy to find traces of gold if you’re willing to work for it. Gold is often found in placer deposits—which is a concentration of a natural material that has accumulated in unconsolidated sediments. It’s likely to accumulate in placer deposits because of its weight and resistance to corrosion. Gold prospectors can be found throughout the country, but seem to migrate towards Alaska, Arizona, California, Colorado, Idaho, Montana, Nevada, North Dakota, Oregon, South Dakota and Wyoming.
What Else Can I Search for with a Metal Detector?
The desire to seek and find hidden treasure is very enticing—there’s so much wealth waiting to be discovered! Be sure to review ALL of the different types of treasure hunting and decide for yourself which appeals to you. You’ll also learn about specialty and multi-purpose metal detectors and available accessories. Good luck treasure hunting!