Can You Profit From Metal Detecting Findings

Metal detecting is a hobby that has been growing in popularity over the past few years. 40 million people are participating in this fun activity, but can you really Profit From Metal Detecting? The answer to this question depends on many different factors, so let’s take a look at what they are here.

1. What can you find with metal detectors?

There are metal detectors that detect almost everything, but the most common things you will find are coins, rings, jewelry, and relics. Coins are not valuable unless they are rare or old. For example, a US penny from before 1982 is now valued at about 10 cents because all pennies were made with mostly zinc after 1982. Rings are almost always valuable, but the amount varies depending on the metal. Gold rings can be worth up to $5,000, while silver is usually less than that. Jewelry is also valuable because of its metal content. The more gold and/or silver in a piece of jewelry, the more valuable it will be. Relics include old coins, bottle caps, toys, and other things that are considered valuable because of their age.

2. Metal detecting for profit

In this section, we will take a look at the costs, risks, and rewards of this hobby.

  • Costs

The costs involved to start metal detecting include a metal detector that can cost between $100 and $15,000. Accessory costs include a pouch for carrying the metal detector in ($20-50), a pinpointer to help with finding your target’s exact location ($30-100), earphones or headphones to allow you hearing protection from the metal detector’s sound ($10-50), digging tools ($10-30), and a sand scoop for digging in sand ($14.99).

Other costs include membership with one or more metal detecting clubs to gain access to their online message boards and/or national parks that allow metal detecting with a permit. The estimated yearly cost of this is $40 per year.

It is not mandatory to buy all the equipment at once. If you are just starting out then a metal detector will be enough. You can buy a starter model and upgrade to a more advanced one in the future.

  • Risks

There is a level of risk involved in metal detecting, but this can differ from one person to the next. The biggest risks are health-related, such as sun exposure and heat exhaustion. The real danger also comes from being near heavy equipment used by construction companies. Many people have been injured or killed due to accidents that take place on job sites.

  • Rewards

The rewards of this hobby are very high, though. A single rare coin can be worth thousands of dollars, but there isn’t a sure thing when it comes to metal detecting. The amount of money you can make from this hobby depends on several factors, such as the size of the area you are searching, how much time you spend metal detecting, and your luck. The more ground you cover and the longer you do it, the better your chances will be to find valuable items. But remember that some people simply spend money on metal detecting without making any profit.

3. How to get started metal detecting

In order to get started metal detecting, you will need to decide which type of metal detector you want to use. You can either buy or rent one. If you plan on doing this only occasionally, then renting will work best for your situation.

Metal detectors come in all shapes and sizes, but more importantly, they operate on different principles – some use electromagnetic waves like radio signals while others work on physical principles like induction coils. There are even subcategories of metal detectors that explore certain types of materials more than others; gold prospecting detectors is one example.

The Garrett ACE 200 is a versatile detector that works on both principles, and while it’s not the top device on the market, we think you’ll agree that this price tag makes it a great deal. The Garrett ACE 200 can detect metal objects on land or underwater-and with twenty-one preset programs, you’re bound to find something. It’s lightweight but still packed with helpful features like a headphone jack and adjustable emissive notch discrimination control.

You also need to consider where you are going to be searching for items. Most people search in their own backyards, while some even search on beaches. If you’re going to search public land, then be sure to get permission from the owner first, otherwise, you may risk being fined for trespassing.

Remember to take a snack and some water with you when you head out, along with sunscreen because there’s nothing worse than getting dehydrated while metal detecting. Also, wear light clothing that will help keep you cool during the hot summer months.

4. The best places to find treasure with a metal detector

The best places to find treasure with a metal detector are public parks, beaches, and anywhere where people have already searched. There are some productive spots that get overlooked all the time by metal detectorists. These locations include the center of playgrounds, sidewalks, bike trails, schoolyards, campgrounds, city parks, and apartment complexes.

You should also check out the edges of parking lots because people tend to throw away items like keys by accident. When you do find something, make sure to take note of your coordinates so you can return. This is why it’s important to invest in a GPS system that will map your location.

Conclusion

Metal detecting is a fun activity, but there are many factors to consider before you can make your hobby into a source of income. It takes time, money, and effort to reap the benefits of this activity. You need to be smart about how you search for valuable items, but even then you could end up spending more money than you make. The hobby can be very rewarding in other ways-it keeps you out of the house and active, while also allowing you to learn about history. You might find hidden treasures while also exploring your neighborhood or a new part of the world!

 

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Pin It on Pinterest