One of the Most Amazing Metal Detector Finds in History Reminds Us of the Value to be Found in Gold Wedding Rings

There are metal detector finds . . . and then there are metal detector FINDS that go down in history.

One of those extraordinary finds happened in 2019 when a man got a new metal detector and, on his second outing with it, found a gold wedding ring by a path. What makes this ring so extraordinary? According to a story reported in CNN:

Question: When is a precious metal not a precious metal?

Answer: When it’s titanium.

Why isn’t titanium a precious metal? After all, it has come very unusual properties . . .

If you are a regular reader of this blog, you already know that we believe that gold scrap is one of the smartest investments you can make, for this reason . . .

You can invest in gold scrap at advantageous prices (in other words, you can buy it for prices that are lower than the current trading price), then you can conveniently have us process it for you, then you will promptly get paid for your gold at current trading prices.

That explains why many smart investors are actively investing in gold scrap today – and making a lot of money doing it.

If you search for “class rings” on eBay, you are going to find a lot of them for sale. There are old high school rings and old college rings. And if you visit a junk shop, an antique store or even a pawnshop, chances are you will find class rings for sale in them too. Why? There are a lot of reasons. Sometimes when people need cash, an old school ring is the first thing they think of selling. And then there is the unfortunate fact that when people pass away, their heirs often end up with the deceased person’s valuables, which often include a class ring or two.

What are the best places to look for precious metals you can recycle for the highest return?

In answer to that question, most precious metal investors think first of gold and gold-plated jewelry, of scrap from industries that use gold and platinum in the products they make, and of hard-to-collect aerospace scrap.

If you are cleaning out a house, don’t make the mistake of tossing items that contain gold, silver, or other valuable metals. Here’s a checklist of the places you should be sure to look.

While we were working online just the other day, an ad popped up urging us to buy a collectible U.S. coin from a company that was not affiliated with the U.S. Government. A few days later when we were watching TV, a similar ad appeared, also pitching collectible coins that were supposed to increase dramatically in value.

We are not accusing the companies that were behind those products of outright dishonesty. In our country, after all, any company is free to manufacture and sell any products it likes, provided the organization is not engaging in outright fraud. In the end, it is up to the buyer to beware and make an intelligent decision about whether to buy what is being offered.

Canada is the fifth largest producer of mined gold in the world, following behind China, Russia, Australia, and the United States. A trip to Canada to look for gold in streams could be a good idea or, at the very least, a profitable and fun adventure.

Here’s some information that will add to your adventure and possibly your profits too.

When you consider making any kind of investment, you need to balance several important considerations. You might not realize you are balancing these factors, but you are.

Potential ROI (Return on Investment) – If you invest in something that offers high potential ROI, there is a chance that you can double, triple the money you invested, or maybe do even better. If you are investing in something that promises a lower potential ROI, you are willing to accept a lower potential profit from the money you invested.

Don’t Forget to Check Out Pawn Shops!

On this blog, we have often advised our readers to go hunting for jewelry and precious metal scrap at factories, in jewelry stores, and at estate sales. Today, we would like to discuss another source that might not be on your radar . . .

With Hispanic Heritage Month taking place now, it seems like a good time to ask how much gold has been mined in Latin America over the past centuries.

To be sure, there is a long, fabled and strong historical link between gold and Latin America. Back in the 16th Century, Spanish monarchs became obsessed with the idea that there were as many as seven cities in South America that were made of gold. They even believed that there was an emperor named El Dorado, who was clothed with golden garments and ruled these cities. So in 1540, Spain sent an explorer named Francisco Vázquez de Coronado to the New World, where he searched in vain for these golden cities.

At Specialty Metals Smelters and Refiners, we are in the business of making it as easy as possible for you to determine the value of precious metals and precious metal jewelry, be it karat gold, silver, platinum and even palladium and rhodium. If you send any item made of precious metals to us, our lab technicians can quickly determine what it is made of and tell you its value at current trading prices.

If you’re about to fly across international borders and go through customs when you land, how much gold can you carry with you?

Fake gold bullion bars and coins look like the real things. Because they are covered with real gold, they can pass tests done with gold testing kits, and can fool experts. And according to a growing number of news reports, more and more people are being conned into buying them.

Some recent news . . .

What is the safest and most profitable way to profit from investing in precious metals?

It is to invest in scrap and have us extract the gold, platinum and silver it contains. Why is this the safest and most reliable way to make money in precious metals?

Let’s review some of the reasons . . .

We have written on this blog about recovering gold from sources like printed circuit boards, cell phones, remote-control devices, and digital cameras.

Today, let’s look at other sources of recyclable gold scrap that you might have overlooked.

While you’ve been driving around recently, you have certainly noticed a growing number of electric cars on the road. Yes, Teslas and other electric cars are gaining market share against gas-powered cars. But how soon will it be until gas-powered vehicles disappear?

As precious metal investors, we need to watch this trend, which will shape both the availability and the demand for different precious metals:

We just read a terrific article, “50 Metal Detecting Tips that Find Gold,” on the Discover Detecting blog. It’s jam-packed with great advice on how to use a metal detector to find much more gold on every outing you make.

Whether you’re new to metal detecting or an experienced user, you will want to read this article, which contains advice from experts who really know the ins and outs of using detectors. Here are some of the tips and insights from the post – some of them unusual – that can dramatically improve your experience as a user of a detector.

Where should you turn for advice if you have gold or gold scrap you would like to sell?

Here are some options, with our expert advice on how and when to use them.

Small Pocket-Size Gold Testing Kits

These small, pocketable kits are widely available. They have a small abrasive stone and several small squeeze bottles that contain testing fluid. You rub the piece of gold or scrap you want to test on the stone, squeeze some testing fluid onto it, and get a quick reading on whether the item you are testing contains gold, and in what karat (purity) rating.

Most people own at least one piece of jewelry that has broken. Do you?

I happen to own a watch that is damaged. One of the watch’s four lugs (the little bars where the watch band attaches) has broken off. I contacted the company that made the watch and a customer service representative told me that I could send it in and pay a $75.00 service fee to find out how much it would cost to have the lug soldered back on. But since the watch is not worth much more than $100.00, I just put it away, and there it sits.