Can Metal Detecting Be Profitable And Make You Money?

Metal detecting is a hobby for most people. It provides a way to get out of the house and get some exercise. It may even lead to meeting new people, depending on where the metal detector is used. You may even find some interesting coins or jewelry. But, some people are interested in the monetary benefits of using a metal detector.

That depends on several factors. You probably won’t get rich using a metal detector. Most people start out with only the basic equipment and lower priced metal detectors. Many people use metal detectors as a means of getting out and relaxing. For them, the thrill of potentially finding something of value is more exciting than making a profit. Others believe there is plenty of money to be made by using a metal detector. They may invest more time and money into metal detecting and purposely plan where they will use their devices to find objects of value.

Factors to consider when determining if metal detecting will be profitable.

Your expectations

If you expect to become wealthy, you may want to look for another way. It’s true that some enthusiasts have found plenty of gold and diamonds, in the form of jewelry. But, this doesn’t happen often and there are few sights likely to turn up such items. Coins and other metal objects make up the usual finds and they often don’t amount to much.

There are some exceptions. If you plan to use a metal detector around the site of an old gold mine, you may get lucky. Most of what may be left over is small slivers of gold. The larger nuggets have usually been mined already.

Where you search

If you want to make some money, the best places for metal detecting are places where plenty of people gather. Parks and outdoor spaces that hold concerts, popular sporting events, and celebrations are good places to look. Where large crowds gather, plenty of loose coins can be found after the events. But, private outdoor venues are not likely to allow metal detecting.

Public spaces like parks are easier to gain access and do not prohibit metal detection. However, many parks will prohibit digging. If you want to use a metal detector to find coins and other items after an even, you will have to settle for items lying on the ground. If you use the detector frequently enough, you may be able to make enough money over several months to actually pay for the device.

Your device

Many people have success with budget priced metal detectors. The devices usually come with at least a few settings and adjustments. Budget priced devices can work, if you know which settings to use for different metal detecting environments. Devices with a higher price tag are not necessary for the average person wanting to get into metal detecting. If you’re considering looking for gold or something more involved, you may want to consider paying for a better or stronger device.

Mementos and historical items

Some people find interesting artifacts, old coins, and other mementos. Usually people who find these items aren’t interested in selling them, even if they can sell them and make a profit. For such enthusiasts, the thrill of the hunt is the satisfaction they get from metal detecting. It’s less about the value of the items they find and more about the historical significance or meaning of the objects.

Though you probably won’t get rich, there are some steps you can take to increase the odds of making money. Below are some helpful tips to consider if you want to make a little money with metal detecting.

Know your equipment

Whether your buy an entry level metal detector or a more expensive device, read the manual and learn what each of the settings should be used for. With some advanced preparation, you may be more successful in finding metal items.

Find the right locations

Public spaces are great for finding coins and sometimes jewelry. If you want to make the most of these places, try visiting the day after a major event, when it’s more likely loose change will have dropped on the ground. Public parks, sports complexes, and outdoor recreation areas open to the public are all good places for metal detecting.

Public beaches and swim areas are suitable places to find coins and jewelry. When people loose jewelry in the sand, it can become nearly impossible to find them in a short period of time. If you live near popular vacation spots or public tourist destinations that sell food and souvenirs, you may also be more likely to find dropped change and coins. You probably won’t find anything old or extremely valuable. But, the change you find may add up. The odds of finding change is likely to increase in places where alcohol is served. People often become less aware of their movements when drinking, so they are more likely to loose change from their pockets.

Know what to find in various regions

Each region of the U.S. has its own historical significance. If you’re looking for civil war relics, you may want to consider the Southeast. If you’re interested in finding old coins, the Western states provide the best opportunities. For treasures of various types, you may need to do some research on historical events in various places. Finding a treasure like a chest of jewels or a can of gold coins doesn’t happen often, but it is possible.

Can metal detecting be profitable and make you money?

The answer is it can, depending on what kind of money you’re hoping to make, how much patience you have, and how skilled you are at using the right settings on your metal detector. You won’t get rich and make it a full time job. But, metal detecting can be fund and exciting for some, simply by considering all the possibilities or using the imagination. For others, the walking required in the process can be relaxing.

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