[x] Welcome at THunting.com!

A fun place to talk about Metal Detecting, Treasure Hunting & Prospecting. Here you can share finds and experience with thousands of members from all over the world

Join us and Register Now - Its FREE & EASY

THunting.com
Treasure Hunting & Metal Detecting Community
   
Advanced Search
*
Welcome, Guest! Please login or register HERE - It is FREE and easy.
Only registered users can post and view images on our message boards.
Did you miss your activation email?

Login with email, password and session length
Or Login Using Social Network Account
News:
Pages:  1 2   Go Down
Print
Share this topic on FacebookShare this topic on Del.icio.usShare this topic on DiggShare this topic on RedditShare this topic on Twitter
Tags:
0 Members and 1 Guest are viewing this topic.
Offline TomBBTopic starter
Copper Member
*

Join Date: May, 2009
Thank you0

Activity
0%
Male
Canada
Posts: 25
Referrals: 0

145.00 Gold
View Inventory

Awards
« on: May 27, 2009, 04:11:33 pm »
Go Up Go Down

 Undecided

I always wanted to know if you found a treasure of gold bars how to cash it in? If you take it to a bank they will want to know where it came from and taxed (the tax part is always a given,I dont mind). So your dead in the water if you dont want them to know where it came from. I just always throught you could take it across the Mexico boarder and trade it for paso money order (under 2,000 at a time, right) and then exchange it for us money. any other ideas? beside giving it away?

Linkback:

You are not allowed to view links.
Please Register or Login

http://www.thunting.com/smf/index.php/topic,5564.msg34477.html#msg34477




Logged
Offline Christian
Administrator
Platin Member
*****

Wuf! Wuf!
Join Date: Sep, 2006
Thank you56

Activity
0%
Male
Independent Rouge States
Posts: 5261
Referrals: 0

2305.00 Gold
View Inventory

WWW Awards
« Reply #1 on: May 27, 2009, 05:25:58 pm »
Go Up Go Down

Hello Tom,

well, if you have legally obtained the gold you can sell it to just about anyone who is willing to pay you a good price. This might be a bank, a dentits Smiley, jeweller or many more. Infact the gold bar might be worth even more than its actual weight suggest for being an item of possibly historic importance. Think e.g. of a gold bar from a historic Spanish shipwreck.

Well if you obtained the gold bar from some other source / in a different way then your best bet would be to cut or melt it into many small pieces and bring them to different pawn shop or shops that buy old gold.

Regards,

Christian

Linkback:

You are not allowed to view links.
Please Register or Login

http://www.thunting.com/smf/index.php/topic,5564.msg34497.html#msg34497




Logged

THunting.com - Your Friendly One Stop Treasure Resource

Offline BackAtcha
Bronze Member
*

Avast, ye pirates!
Join Date: Sep, 2009
Thank you0

Activity
0%
Female
Independent Rouge States
Posts: 241
Referrals: 0

115.00 Gold
View Inventory

Awards

Cobra Beach Magnet, Automax Precision V4 Pinpointer
« Reply #2 on: September 28, 2009, 10:44:29 am »
Go Up Go Down

Christian - you're the best!  Two differing strategies dependent upon whether it was obtained legally or not!  I love it! 

Ok, let's say you collected it from a shipwreck site that you shouldn't have been searching because someone else has claim rights to search that wreck.  The source can probably be identified by a professional or serious collector, so be careful in selling it.  It would be a terrible shame, however, to melt down or cut up anything of historic significance, because that's a huge part of the item's value.

Linkback:

You are not allowed to view links.
Please Register or Login

http://www.thunting.com/smf/index.php/topic,5564.msg51783.html#msg51783




Logged
Offline TomBBTopic starter
Copper Member
*

Join Date: May, 2009
Thank you0

Activity
0%
Male
Canada
Posts: 25
Referrals: 0

145.00 Gold
View Inventory

Awards
« Reply #3 on: June 09, 2010, 11:17:29 am »
Go Up Go Down

Ok, Let not freak out here.
But suppose someone hound some gold dust and a few coins (gold) in the Smokey Mountain National Park. Ho , say two small bags of dust and a handful of gold coins, not much, but enough to just really think about what a guy should do., because you know that the Fed will take it. Take half and leave half for a later find or what?   Teach

Linkback:

You are not allowed to view links.
Please Register or Login

http://www.thunting.com/smf/index.php/topic,5564.msg99367.html#msg99367




Logged
Offline zul32
Knight
Silver Member
*

Join Date: Apr, 2010
Thank you31

Activity
0%
Male
United States
Posts: 940
Referrals: 0

2365.00 Gold
View Inventory

Awards

Garrett AT Pro
« Reply #4 on: June 09, 2010, 11:21:26 am »
Go Up Go Down

I'd think that the gold dust could easily be traded in for the current market value. The coins is another situation though.

Linkback:

You are not allowed to view links.
Please Register or Login

http://www.thunting.com/smf/index.php/topic,5564.msg99368.html#msg99368




Logged

2017 Find count
Penny- 300
Nickel- 34
Dime - 72
Quarter - 45
Half dollar - 1
dollar - 3

Offline Spooky
Bronze Member
*

Proud Rhodesian
Join Date: May, 2010
Thank you3

Activity
0%
Posts: 255
Referrals: 0

1110.00 Gold
View Inventory

Awards

White's DFX, MXT, Fisher F5, BH SS2
« Reply #5 on: June 09, 2010, 12:58:36 pm »
Go Up Go Down

My .02 in clad:

Most coins and most gold bars will be worth significantly more as a piece than you will be able to get from gold weight in itself.

Unless there is another reason you would wish to melt the piece, then you go with melt weight.

In the 1800s, and up to present day, "bandits" and the like would melt down identifiable pieces of jewelry, bars and coin to prevent them been recognized, and sell them that way.

Linkback:

You are not allowed to view links.
Please Register or Login

http://www.thunting.com/smf/index.php/topic,5564.msg99380.html#msg99380




Logged

"Gimme foo, gimme fah, gimme Jabajabajabbah!!"

Offline BitburgAggie_7377
Klugheit und Verstandnis
Platin Member
*

Define Treasure
Klugheit und Verstandnis
Join Date: Jul, 2009
Thank you115

Activity
57%

United States
Posts: 9235
Referrals: 0

26045.00 Gold
View Inventory

Awards

Fisher Impulse , Tesoro Lobo SuperTraq, Tesoro Vaquero, Tesoro Compadre, Garrett AT Max, Whites Sierra Super Trac
« Reply #6 on: June 09, 2010, 01:01:16 pm »
Go Up Go Down

Quote:Posted by TomBB
Ok, Let not freak out here.
But suppose someone hound some gold dust and a few coins (gold) in the Smokey Mountain National Park. Ho , say two small bags of dust and a handful of gold coins, not much, but enough to just really think about what a guy should do., because you know that the Fed will take it. Take half and leave half for a later find or what?   Teach



How are the Feds going to know where it came from in order to confiscate it unless someone has problems with his/her mouth or was observed removing it from someplace they should not have been?   If you know the Feds are going to take it the first time, what makes you think they won't be watching to take it the second?  The more time you you spend at the (forbidden) well, the more likely you are to be noticed.

speaking purely hypothetically, though.

Linkback:

You are not allowed to view links.
Please Register or Login

http://www.thunting.com/smf/index.php/topic,5564.msg99383.html#msg99383




Logged
Offline Homefire
Global Moderator
Platin Member
*****

Join Date: Jan, 2009
Thank you661

Activity
0%
Male
United States
Posts: 15906
Referrals: 0

52360.00 Gold
View Inventory

Awards
« Reply #7 on: June 09, 2010, 04:35:31 pm »
Go Up Go Down

Just sell the stuff cash on the barrel.

What's the Problem? Wise



Linkback:

You are not allowed to view links.
Please Register or Login

http://www.thunting.com/smf/index.php/topic,5564.msg99427.html#msg99427




Logged
Offline TomBBTopic starter
Copper Member
*

Join Date: May, 2009
Thank you0

Activity
0%
Male
Canada
Posts: 25
Referrals: 0

145.00 Gold
View Inventory

Awards
« Reply #8 on: June 10, 2010, 11:15:24 pm »
Go Up Go Down

To who, is the question. Have you tried to sell, say 5 grand in coins and not be noticed??   Idea

Linkback:

You are not allowed to view links.
Please Register or Login

http://www.thunting.com/smf/index.php/topic,5564.msg99629.html#msg99629




Logged
Offline BitburgAggie_7377
Klugheit und Verstandnis
Platin Member
*

Define Treasure
Klugheit und Verstandnis
Join Date: Jul, 2009
Thank you115

Activity
57%

United States
Posts: 9235
Referrals: 0

26045.00 Gold
View Inventory

Awards

Fisher Impulse , Tesoro Lobo SuperTraq, Tesoro Vaquero, Tesoro Compadre, Garrett AT Max, Whites Sierra Super Trac
« Reply #9 on: June 10, 2010, 11:23:35 pm »
Go Up Go Down

are you talking face value, or current market value?   If the latter you aren't necessarily talking a lot of coins which makes a few discreet transactions a relatively simple matter.  If the former, then spread the transactions out in time and space, but that doesn't mean you don't recover the original cache at one time (even if it is just in order to move somewhere that you have more control of).    Like everything else in this hobby a little bit of common sense will take you a long way towards reaching your goal.

Linkback:

You are not allowed to view links.
Please Register or Login

http://www.thunting.com/smf/index.php/topic,5564.msg99630.html#msg99630




Logged
Print
Pages:  1 2   Go Up
Jump to:  

Powered by SMF 1.1.19 | SMF © 2005, Simple Machines | Sitemap
Copyright THunting.com