The amazing thing about metal detecting is that you can take this hobby into so many different directions. Whether you’re a land or water hunter, your treasure finds are all valuable. What you do with your treasure finds is entirely up to YOU. Some hobbyists drop all of their coins into a big jug to save for their next vacation. Others display collections of old coins, jewelry and relics in their home. Relic hunters are known to loan items to local museums. And lots of detectorists sell valuable finds for a profit! You can earn extra income—all while participating in a hobby you love! If you are looking to make some money on your finds, there’s a few things you need to know before you sell:
- Correctly identify your find
- Get an estimate of its value
- Decide where to sell the item
Identify What You have Found!
This can be the tricky part. Let’s say you’ve found an old belt buckle. Is it just an ordinary men’s buckle or is it from a Revelutionary or Civil War soldier’s uniform? And what condition is it in? These are big factors in determining the buckle’s value. Our suggestion is to research your object before getting an estimate to sell. For example, if you have uncovered a piece of silver with markings, try to identify the manufacturer. Then, you can determine its age and value. Contact a local appraiser to ballpark your object’s worth. You can also post a photo of your find in a metal detecting community forum. Members are happy to help you identify your find.
Get an Estimate of Your Treasures’ Value
With 14- and 18-karat jewelry, you will see markings on the pieces of jewelry. You can look up these markings on the internet to see what it’s worth. To determine a coin’s worth, check popular websites such as NGC from the American Numismatic Association.
Where to Sell Your Treasure
It’s easy to find a buyer online. Research high-quality coin and relics dealers that operate on the internet. There are online dealers that have been buying and selling coins, gold and silver through the mail for decades. If you want to sell gold/platinum/silver for melt, it is best to do it locally in person. Tip: Take the same item to several different jewelers and see who offers the best price.