Written by the TreasureGuide for the exclusive use of treasurebeachesreport.blogspot.com.
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| $65,000 Nugget Found by Prospector in Britain Source: Kitco.com link shown below. |
(Kitco News) - What has a higher probability of panning out — finding gold while lying face down in the river or winning the lottery? Well, one amateur prospector tried his luck with the former and struck gold in the form of an 85.7g (3.02oz) nugget.
The nugget, named the Douglas Nugget, is reportedly the biggest to ever be spotted in Britain over the last 500 years.
The amateur prospector, who is choosing to remain anonymous, used the “sniping” method to look for nuggets in the riverbed, which means employing the help of a snorkel.
The location of the find, which happened two years ago, is not being disclosed to keep others away from the site and avoid a gold rush.
“I was following a crack in the bedrock and found around 2g in fine gold,” The Guardian quoted the discoverer as saying. “This then led to a pocket, where I uncovered the nugget. I called over my friend to have a look and we both assumed it to be around 5-7g in weight. It wasn’t until I removed it that we realized just how big it was.”
Here is the link for the rest of the article.
http://www.kitco.com/news/2018-07-26/Snorkeling-For-Gold-Man-Spots-U-K-s-Biggest-Gold-Nugget-In-Scottish-River.html?sitetype=fullsite
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Remember the Russian warship found by a South Korean company that was supposed to contain an incredible amount of gold? I never paid too much attention to the reported value because they usually don't really know how much is there until they actually salvage it, and it is not uncommon for people to make wild claims, and my bet is that Russia will get it after a long legal battle that could last years anyhow. In any case, it seems that the reporting was way off. One thing is that the numbers were reported in won, which accounts for some of the confusion. At today's exchange rate, 1 million won is about 895 U.S. dollars.
Here is the beginning of an article from kitco.
SEOUL (Reuters) - A South Korean company that claimed to have found the wreck of a Russian warship holding $130 billion in gold said on Thursday it has not verified the existence of any gold, while a financial watchdog said it was probing possible unlawful stock trading.
Shinil Marine said last week it had discovered the wreck of the Dmitrii Donskoi, a Russian armored cruiser sunk in 1905 after fighting Japanese warships off South Korea’s Ulleung Island, and that a staggering 150 trillion won ($130 billion) of gold was on board.
However, the company backtracked on those claims on Thursday and apologized for having cited unverified news reports saying the ship held about 150 trillion won ($130 billion) worth of gold.
“The reports said the Donskoi held 200 tonnes of gold but that would only be 10 trillion won at current value,” said Shinil chief executive Choe Yong-seok...
Here is the link for more of that article.
http://www.kitco.com/news/2018-07-26/South-Korean-Firm-Backtracks-on-130-Billion-Treasure-Ship-Gold-Claims.html
Thanks to RinkRat for the link.
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Yesterday I mentioned die chips and die cracks. Here is a 1946 George II Canadian penny that I once found on a Florida beach that shows a small die crack.
This die crack is nothing spectacular but some can bring a premium. You'd probably never notice this one unless you looked at it very carefully. I have found some more interesting die cracks.
Did you know that Canada no longer makes one-cent coins?
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Yesterday Facebook lost $119 billion of market cap in one day.
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There is no tropical activity in the Atlantic to be concerned about.
On the Treasure Coast we'll be having a two to three surf for a few days.
Happy hunting,
TreasureGuide@comcast.net
http://www.kitco.com/news/2018-07-26/Snorkeling-For-Gold-Man-Spots-U-K-s-Biggest-Gold-Nugget-In-Scottish-River.html?sitetype=fullsite
---
Remember the Russian warship found by a South Korean company that was supposed to contain an incredible amount of gold? I never paid too much attention to the reported value because they usually don't really know how much is there until they actually salvage it, and it is not uncommon for people to make wild claims, and my bet is that Russia will get it after a long legal battle that could last years anyhow. In any case, it seems that the reporting was way off. One thing is that the numbers were reported in won, which accounts for some of the confusion. At today's exchange rate, 1 million won is about 895 U.S. dollars.
Here is the beginning of an article from kitco.
SEOUL (Reuters) - A South Korean company that claimed to have found the wreck of a Russian warship holding $130 billion in gold said on Thursday it has not verified the existence of any gold, while a financial watchdog said it was probing possible unlawful stock trading.
Shinil Marine said last week it had discovered the wreck of the Dmitrii Donskoi, a Russian armored cruiser sunk in 1905 after fighting Japanese warships off South Korea’s Ulleung Island, and that a staggering 150 trillion won ($130 billion) of gold was on board.
However, the company backtracked on those claims on Thursday and apologized for having cited unverified news reports saying the ship held about 150 trillion won ($130 billion) worth of gold.
“The reports said the Donskoi held 200 tonnes of gold but that would only be 10 trillion won at current value,” said Shinil chief executive Choe Yong-seok...
Here is the link for more of that article.
http://www.kitco.com/news/2018-07-26/South-Korean-Firm-Backtracks-on-130-Billion-Treasure-Ship-Gold-Claims.html
Thanks to RinkRat for the link.
---
Yesterday I mentioned die chips and die cracks. Here is a 1946 George II Canadian penny that I once found on a Florida beach that shows a small die crack.
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| 1946 Canadian Penny Obverse |
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| 1946 Canadian Penny Reverse. |
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| Close-up Showing Die Crack. |
Did you know that Canada no longer makes one-cent coins?
---
Yesterday Facebook lost $119 billion of market cap in one day.
---
There is no tropical activity in the Atlantic to be concerned about.
On the Treasure Coast we'll be having a two to three surf for a few days.
Happy hunting,
TreasureGuide@comcast.net
