boogeyman
Gold Member
- Jun 6, 2006
- 5,016
- 4,402
- Detector(s) used
- WHITES, MINELAB, Garrett
- Primary Interest:
- All Treasure Hunting
Taking ANYTHING to a pawn shop is about the dumbest thing you could do! Not the getting low ball stupid offers, but what ever you sell or get a loan on from them is reported. I understand it's all computerized now but they fill out a card or paper with all your info and a description / picture of what you sold or got a loan on that goes to the police every night. So good thing = detectives recover a lot of stolen merchandise. But that real interesting stuff gets handed off to other agencies. Makes it easy for someone to come seize what you've got left.I'm guessing most likely because it would be seized immediately, & go through the courts.
I watched an old Pawn Stars re-run recently; Episode: 249 Original Air Date: 06-14-10.
A guy had a gold bar that he said was from his Grandmother's estate. They never
stated the weight, & the most visible markings they showed were 2- XX , which
their expert they called in said was the maker's declaration of 20 karat purity,
while they said it appeared more like 24K . Anyway, it was supposedly from
a 16th century Spanish fleet shipwreck, apparently off the coast of Texas.
There was some small area in creases that appeared to be coral, & so it
was accepted as treasure recovered from the 1554 Spanish shipwreck.
It was appraised as 2X melt value (which was 48K), & the pawn shop
after negotiating, bought for 35K cash, (current gold price was 1,117).
So I wonder how the laws vary for gold recovered from the ocean. It
seems there wasn't any issue with them buying, & it being televised.