We really like hobbyists who spend their time looking for bits and pieces of silver to recycle. Luckily for us, some of those smart silver-hunters like to post videos on YouTube that explain all the places they hunt for silver. Today, we’d like to share four of their more eye-opening videos with youRead More
If you happen to be in London this week, I’d urge you to visit the British Museum. A treasure of 5,200 coins found by a man named Paul Coleman has just gone on display there. Mr. Coleman isn’t a coin collector exactly. He’s a hobbyist who found the coins last year with his metal detector in Lenborough, a small town north of London. The coins were buried in a lead container, probably in the 11th century. They are made of silver and show images of two kings named Ethelred II and Canute. Read more:Read More
We’re delivering a little extra value in today’s post, by answering not one but four questions that we’ve heard recently about recycling gold and precious metals.
“Can I find undiscovered precious items on eBay?”
Although it is theoretically possible to discover an undervalued piece of 24 karat gold jewelry or another precious item on eBay, the likelihood of that happening is very small. Even if a seller doesn’t know that he or she has listed something priceless for auction online, the marketplace will react quickly, a flurry of bidding will start, and the seller will realize that he or she has something that is worth a lot more than expected.
“It’s not really possible to find valuable things with a metal detector, is it?”
Actually, it really is possible to use a metal detector to discover coins and other items that have been lost . . . or hidden. To review what people have been finding recently, search online for “recent metal detector finds.” The valuable discoveries you read about will probably surprise you.
“Computers contain such small quantities of gold that it’s really not worth recycling them, is it?”
It all comes down to quantity. If you have only one or two old computers or central processing units (CPUs), then recycling them is probably not worth your effort or time. But if you have a larger quantity – say 200 or 300 – you can recycle the gold these used electronics contain using our qualified precious metals refinery and net a significant sum of money.
And when you stop to think about it, it is not really that hard to find 200 or 300 old stockpiled computers that need to be recycled. Schools have them. Hospitals do too. So before you write off the idea of turning old computers into money, take a look around. Also, conducting a computer drive for a local organization can be a good way to raise funds.
“Silver is worth so little, why would anybody bother to recycle it?”
People are asking this question a lot lately, but it represents faulty thinking. Even though silver is trading for prices that are a fraction of gold’s, it is not at all difficult to find very large quantities of silver. You can find it in old tableware, in photographic and x-ray papers and film, in welding supplies, and plenty of other places.
Do You Have Questions too?
Why not call us at 800-426-2344? We’re happy to answer any other questions you may have that we haven’t heard yet.
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There are strange things done in the midnight sun
By the men who moil for gold;
The Arctic trails have their secret tales
That would make your blood run cold...
-“The Cremation of Sam McGee” by Robert W. Service, 1907
You remember the great gold rush of 1849. Gold fever gripped America. Tens of thousands of adventurous young men called Forty-Niners headed west to pan for gold in the rivers of California and up north in Alaska and the Yukon. Historians will tell you that gold was one of the forces that impelled the western expansion of our country.
When I think about that era in American history, several thoughts come to mind. First, I reflect that only a handful of those Forty-Niners were rewarded with great riches. But I also recall that most of those fellows were armed with pretty rudimentary equipment, like the small baskets they used to pan for gold in rivers and pickaxes that they used to dig gold granules from rock faces and river beds.
Isn’t there a chance that modern equipment of some kind will let today’s amateur gold-hunters scoop up some of the gold that the Forty-Niners left behind 160 years ago?
Modern Prospecting Equipment
It turns out that a number of companies are now making and selling prospecting equipment that the Forty-Niners could only have dreamed of back in their day. Can this equipment make you rich? It seems possible, but I think that the real point of prospecting today is probably to engage in a fun and exciting hobby – sort of like looking for gold with a metal detector, only more adventurous, since prospectors go to remote locales, not beaches or city parks.
What kind of modern equipment can you buy? Here’s a selection that you’ll find online at The Rosewind Mining Company:
- A Jobe gas-powered gold vacuum ($424.95) – This small 15-pound vacuum includes a six-foot vacuum hose and a tool that lets you suck silt and sand out of streambeds and crevices. It gathers the silt in a large plastic tub, where you can take a close look for gold nuggets.
- The Gold Cube Deluxe Gold Concentrator ($379.95) – This device uses G-force technology to separate the gold from silt and sand and other gold mining concentrates. It processes up to 1,000 pounds an hour of gold-bearing material.
- Sand scoops, tweezers, magnifying glasses, pickaxes, and panning kits (prices vary) – Low-tech is fun. The panning kits could be great for keeping your kids busy while you vacuum in the big nuggets that will pay their college costs, right?
- Gold Pokes ($4.59) – They’re traditional cowhide pouches that Forty-Niners used to carry their nuggets around. They make a big fashion statement at a very low price.
- Claim signs ($1.75 - $4.70) – You’ll want to keep these on hand in case you want to stake a claim. Even if you never find gold, they are great conversation-starters.
- 12-volt pumps ($22.95-$99.95) – These little honeys, powered by car batteries, can move a lot of water or gold-bearing silt from one place to another. You can also buy cables that let you power them right from your car’s power outlet.
- Prospecting gloves, sunglasses, hats and other apparel (prices vary) – With the right purchases, you can create just the right prospector look for yourself. The hats have big brims and fabric that covers your neck, so you won’t get sunburned when you’re out there for hours pulling in millions of dollars’ worth of gold nuggets.
Keep Our Phone Number Handy While You Pan for Gold
As a modern prospector, you have another advantage that the Forty-Niners never dreamed about. It’s your cell phone. You can use it to call America's best gold refiners, Specialty Metals, at 800-426-2344 and arrange to send us samples of the bright shiny stuff you’ve been pulling in.
Have a fun time if you decide to take up the prospecting hobby, and good luck.
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Do you use a metal detector? Are you thinking about buying one?
If you’re not involved in the hobby, perhaps you should be. And if you do start detecting, keep our number handy - 800-426-2344 - because lots of hobbyists are pulling valuable quantities of silver and gold out of the ground. Once they find precious metals, they need a top precious metals refinery like us to tell them just what they have.
If you’d like to read about some finds that detector hobbyists are making, visit MineLab.com and read the success stories you will find there.
A lot of the studies are fun to read. But if you’d like an even more vivid example of the kind of finds that are being made by hobbyists, here’s a video to watch. It shows hobbyists who are extracting what appears to be a one-ounce gold nugget from the ground in an abandoned gold mine in California. (They need to call Specialty Metals Smelters and Refiners to be certain about what it is.) If you’d like to see the moment that the find is made, it occurs at about the 9:40 timing point in the video. (Please be aware that when these guys find the nugget, they get so excited that they start to use a lot of swearwords – “Holy XXXX!” So if you want to keep your watching PG-rated, turn the volume down.)
And if watching this video inspires you to go hunting for gold, please keep us in mind for smelting and refining any gold you do dig up.