4 Real-Life Hidden Treasures You Could Still Find

Have you ever dreamt as a child of finding buried treasure? Maybe you chased the end of a rainbow to find the pot of gold. Well, this article was written for the child inside you as we account for the hidden treasure that is still waiting to be discovered.

Over the years metal detecting enthusiasts have uncovered a number of treasures, including; underground stolen money (1946), pirate treasure (1952), a lost gold mine (1966) and an alleged J.F.K assassination bullet (1974). But many still await discovery.

El Dorado

Located just a couple hours north of Colombia’s capitol city of Bogotá, Lake Guatavita is believed to be the site of the El Dorado legend, with actual gold being recovered from the lake since the Spanish arrival in 1536. And, there are many more hidden treasures to be found, as the children’s movie proved.

Butch Cassidy’s Stash

He was such an outlaw that he even formed an outlaw group, called the Wild Bunch who buried $20,000 somewhere in Irish Canyon in Colorado USA.

Inca Treasure

There is between $12-60 million worth of treasure stolen from the Spanish guard who attempted to hide it during a revolt. It is theorized to be in the formerly known Cocos Island, near present day Costa Rica.

Nazi gold in Austria

In the last few months of World War II, Nazis sunk containers and various other objects into Lake Toplitz for still not entirely known reasons. Many divers have died trying to retrieve it, but what keeps interest so high in the lake is that many believe the Nazis sunk millions worth of gold, diamonds and other treasures, possibly even including art wonders.

So what are you waiting for? Shanghai metal produces the stainless steel used in metal detectors. As an ISO 14001 (International Quality Management System) Company and recipient of the “Star Enterprise Award,” Shanghai Metal Corporation prides itself on exceeding international standards of quality and reliability. We guarantee the best prices, quality support, and fast delivery. To find out more, please visit our Website or send your inquiry here. Follow us on  LinkedIn, Twitter, Facebook, Instagram and don’t forget to subscribe to our YouTube channel. Or you could try our new mobile app by scanning our QR code.

Sources: National Geographic, Huffington Post

Siobhan R.// SMC Editor

Read more articles by this author here.

 

#BuildingValueAcrossTheGlobe

广告

The Law of Finders Keepers

When amateur ‘land fishers’ (or metal detector users) make an archaeological discovery, who receives the proceeds? Should academics get automatic claim upon the find, the owner of the land, or should we follow the childish yet simple rule of finders keepers?

Economists have long claimed that property rights have incentivized innovation and discovery, so to motivate future finds the finders keepers rule should be maintained. However this infringes on the land owners and the much older monarchist rules where from example in ancient Rome, half went to the finder, half to Hadrian. So what have other countries decided?

In the UK, to encourage artifacts to be enjoyed by the public, the Treasure Act of 1996 stipulates if something of worth is discovered, museums or the government will bid or offer the fair market price for them. For example $5.3 million was paid by the successful bid from a British Museum, and split between Herbert and the owner of the Staffordshire field where the Anglo Saxon copper was found.

However in the US, various statues and precedents make the rules murky. For example, US treasure seekers in 1993 discovered the wreckage of a steamer containing millions of dollars worth of gold coins, but had to fight a court battle with both the government and the original insurers of the accident. They eventually won back most of the value, but these decisions are made by case by case and are very much subject to opinion,  and muddled by the American culture personified by the ‘no trespasser’ signs.

So which system should prevail? Ultimately, 90% of finds are by amateurs, so without incentivizing them, future discoveries will never see the light of day and be enjoyed for its academic value. But unfortunately as there is a lot of money involved it will inherently be plagued with conflict.

So like the recent Roman copper coin find in the UK, the value of copper can be quite pricey. At Shanghai Metal, we manufacture competitively priced value added copper products. As an ISO 14001 (International Quality Management System) Company and recipient of the “Star Enterprise Award,” Shanghai Metal Corporation prides itself on exceeding international standards of quality and reliability. We guarantee the best prices, quality support, and fast delivery. To find out more, please visit our Website or send your inquiry here. Follow us on  LinkedIn, Twitter, Facebook, Instagram and don’t forget to subscribe to our YouTube channel. Or you could try our new mobile app by scanning our QR code.

Sources: National Geographic, TIME, SF Gate

Siobhan R.// SMC Editor

Read more articles by this author here.

#BuildingValueAcrossTheGlobe