2Kg Nugget valued over $160,000 Discovered Using a Metal Detector
by Goldminingtips Admin
In June 2019, a retired prospector, who decided to remain anonymous, found a large gold nugget while using a Minelab metal detector.
The nugget is far from being the largest gold nugget, but nonetheless it weighed 2 kilograms (or 63 ounces).
The nugget was unearthed near Ballarat, Australia.
'You Wouldn't Believe It' Nugget
The nugget, which was named "You Wouldn’t Believe It," would be worth over US$160,000 at the current gold price.
This is the value of the gold alone, but collectors who are interested in acquiring a unique, large nugget of this nature may be willing to pay a higher price.
Key Facts about the discovery:
Location: Old pasture land within 150 kilometers of Ballarat, Victoria, Australia.
The exact location is being kept secret by the finder.
Date: June 2019
Finder: Anonymous Australian pensioner.
Equipment Used: Minelab GPX45000 metal detector with an upgraded, more sensitive coil.
Nugget Weight: 2 kilograms (63 ounces)
Estimated Value (Nov. 2024):
- US$166,665.24🇺🇸
- GBP: £131,709.69🇬🇧
There is potential for higher offers from collectors of nuggets.
Current Status: The final sale price and current ownership of the nugget were not reported in the provided sources.
The Store Where the Metal Detectors was Bought
Mark Day, the person who operated the store where the metal detector was purchased, stated:
"History tells us that big finds like this have happened in this area before, and even though they’ve been digging gold in this region for 150 years, it’s still out there.”
The role of the modern technology used in the metal detector cannot be understated in making the discovery. Advanced metal detectors play a key role in modern prospecting, enabling discoveries that might have been missed in the past.
Secrecy and anonymity: The finder's desire to remain anonymous and keep the location secret highlights the risks associated with valuable discoveries, including potential theft or unwanted attention.
Collector's value: The nugget's unique character and rarity are attracting interest from collectors willing to pay a premium above the base gold value.
As Mark Day noted:
"People collect nuggets, they don’t want them melted down,” and this nugget, “has real character to it."
More Comments about the Nugget:
Mark Day, describing the finder's reaction:
“When he showed me the nugget here in the store he was shaking like a leaf. He didn’t know what to do with it. He hadn’t slept in three days."
Mark Day, on the possibility of further discoveries:
“He certainly thinks there’s more gold out there. And after this, who can say he’s wrong?”
If you are interested in learning more about good metal detectors designed to find gold nuggets follow the links:
- GPX 6000 All Gold Detector for Adults with 11” Monoloop & 14” Double-D Waterproof Coils (Wireless Headphones Included)
- GPZ 7000 All Terrain Gold Metal Detector
- CTX 3030 Metal Detector
- Gold Monster 1000 Professional Metal Detector
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