How to Make Money

Pond Skim Your Way to Hundreds

April 24, 2013
by The Penny Hoarder
Contributor

I’m sure you’ve seen one before: A person walking down the beach carrying a metal detector, in search of his/her next great treasure. While beach combing can lead to some serious loot, what about taking your treasure hunting skills elsewhere?

If you’re not afraid to get a bit dirty, skimming the local pond can be a great way to find treasures and trinkets that can be sold or pawned for hundreds, if not thousands, of dollars!

While we’ve all heard stories of fabled treasure hunters striking it rich with the help of their metal detector, these stories can seem too good to be true or at the very least a far-fetched tale for the average person. But what if you could follow a few quick tips and tricks to increase your own odds of hitting a jackpot?? Read on for some ways to ensure that your treasure hunting efforts don’t become a fruitless endeavor.

Do Your Research

On the surface it can seem like dumb luck when someone strikes it big, but often times there’s a lot of preparation that has gone on before the hunt. One good rule of thumb is the older, the better. This means you should seek out sites where there is a rich history but little development. Targeted areas could also include water, since items do get carried in the streams and lakes around them. If you are digging around the water’s edge, you might want to consider a water-proof detector so you can venture out a bit further into the water itself.

Understand Your Equipment

You’ll waste much less time if you fully understand the capabilities of your equipment. Take care to understand all of the various signals your detector will emit so you’ll know when you’re potentially standing over a buried gold mine.

Practice Efficient Search & Recovery

When you set out on your treasure hunting adventure, remember that patience is key. You’ll also need to pay attention to how your moving and holding your detector–the preferred method is to move slowly and hold the detector straight out rather than sweeping it back & forth. While you shouldn’t be afraid to turn things over such as logs and rocks, don’t create a public nuisance by digging up holes in places such as parks and recreation paths because you’ll be jeopardizing the safety of those who use the areas for their leisure activities.

Respect Legal Formalities

In some places, there are strict laws about who owns the treasures that are discovered. If you’re planning to search on private property, absolutely make sure to get the land owner’s permission in writing before you strike out. Also, be prepared to split any profits with the land owner; typically 50/50. Who knows, you could make the next $10M treasure hunt discovery!
Good Luck, Penny Hoarders!

 

by The Penny Hoarder
Contributor for The Penny Hoarder

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