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Thread: Is treasure hunting dead?

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  1. #31

    Feb 2017
    Pa
    EQ 800 & 600, Fisher F75 +, Tesoro Tejon, Tesoro Conquistador, Bounty hunter Tracker iv
    2,496
    3845 times
    Metal Detecting
    Thats why I love this classified section. Very rarely are there slippery sellers here.

  2. #32
    Charter Member
    us
    John

    Feb 2013
    Arkansas
    I’ve used about all modern ones but right now: CTX 3030, Nokta Anfibio, White’s TRX, Profind 35
    2,525
    1421 times
    Metal Detecting
    Banner Finds (1)
    I think everyone has mentioned very valid points concerning the reasons why selling detectors and equipment isn’t as lucrative and even being tough to do now. I noticed the decline in prices and ability to sell in the past two years. A dealer friend of mine is selling very, very little this past year. He attributes it to dealers going below MAP pricing across the board, and Fisher now going direct retail and dropping their prices. I’ve sold 40+ used and new detectors myself in the past 6-7 years and I’ve simply been trying to liquidate what I can. Very recently sold a nice, used Fisher and lost $150. Year earlier I could have broke even. I listed it 3 different times on different forums. I was offered $300 on EBay for it but turned it down due to the 13% fees but wished I sold it because I then sold it for slightly less and covered shipping on it. I also agree that buyers can be unscrupulous on EBay. The same dealer friend of mine got burned twice selling on EBay.

    Last detector he sold the buyer received a refund and never returned the detector. He also had a new one that he tested and the buyer complained that there was a scratch on the coil cover and he then had to reimburse and pay return shipping. I had one that I listed dirt cheap on EBay and listed that there were issues and I wouldn’t standby it. I was very specific 6-8 weeks later the buyer wanted his money back but couldn’t file a return so he contacted me directly to “do the right thing” and give him his money back. This was after Whites gave him a repair estimate. I disclosed everything wrong on the front end.
    Last edited by Pointman; Sep 10, 2019 at 05:39 PM.

  3. #33
    Charter Member
    us
    An unidentified coin is a piece of metal. An identified coin is a piece of history.

    Oct 2004
    N. San Diego area (Pic of my two best 'finds'; son and grandson)
    Minelab Explorer
    19,469
    12579 times
    Shipwrecks
    Honorable Mentions (2)
    You ask is TH dead. Well, at least one aspect of TH seems dead: Stamp Collecting. I offered Mystic Stamp Company, the largest buyer and seller of stamps in the country, over 200 First Day of Issue covers with cachets, going back over 70 years.
    They said "No thanks" to all of it.
    Don.....

  4. #34
    Charter Member
    us
    Mar 2009
    A Place In Heaven
    Excalibur 1000, Garrett Scorpion.
    2,006
    324 times
    All Types Of Treasure Hunting
    I'm buying, I'm waiting for a good buy on a XP Dues but haven't seen one yet that I'll jump on. Getting back into Detecting after a 5 year hiatus from illness. Sold all my Detectors and now starting from scratch again so looking for deals.
    HighVDI and Relichunter1 like this.

  5. #35
    Charter Member
    us
    Mar 2013
    SW, VA - Bull Mountain
    CTX, Excal II, EQ800, Fisher 1260X, Tesoro Royal Sabre, Tejon, Garrett ADSIII, Carrot, Stealth 920iX, Keene A52
    13,397
    18276 times
    Digging in the dirt & scooping in the water!
    I've purchased on here several times, and sold here several times as well = never a problem. But I do prefer seeing the buyer/sellers history on this site = checking out the profile and postings.
    Republic of Vietnam 10/69 - 3/71, Cambodia April 27, 1970 on a mountain top with HUGE scorpions

    "'He jests at scars who never felt a wound'" c.s.lewis - 1940

    The Ten Commandments: http://www.godstenlaws.com/ten-comma.../#.UdAz65yynZg

    The Bill of Rights: http://billofrightsinstitute.org/fou...ill-of-rights/

    The Constitution: http://www.archives.gov/exhibits/cha...ranscript.html

  6. #36
    us
    Grey Bear

    Dec 2011
    Fort Collins, CO
    Whites XLT and Whites GMT
    88
    45 times
    All Types Of Treasure Hunting
    One of the problems is that people think their items are worth more than they are. I have seen used items with an asking price close to what I can buy a new one for MSRP is not a good gauge of value as many detector shops are required to advertise detectors at MSRP but will discount sales in house. Garrett and Minelab are two that require the MSRP on all new detector sales. Iím sure others do as well.
    coinshooter likes this.

  7. #37
    us
    Mar 2012
    Spring TX
    CTX3030/F75LTD/ Garrett AtPro/ XP Deus
    6,403
    980 times
    All Types Of Treasure Hunting
    As a sponsoring dealer, I can tell you that the used detector market is very soft right now. Lots of trade ins in the market right now and manufacturers are offering nice bundles on new equipment. Unfortunately, these bundles reduce the value of the used detectors. The new products (Equinox, reduced XP prices, Simplex +, Vanquish) all tend to drive the used market lower due to the supply.

    Wayne

    www.metaldetectingstuff.com
    gcmsdan and Greybear like this.

  8. #38
    Charter Member

    Mar 2003
    So. Cal.
    1,614
    280 times
    All Types Of Treasure Hunting
    Yes, I believe this trend is happening beyond detectors as well Wayne (at least in CA). I have been trying to clean out excess stuff in my garage that has alot of value (over $1000) and generally people will pay less than half for what I pd. retail. Guess that is the status of the market these days. I have found though that if you keep pounding away at it you will eventually find a buyer and a price that will work. Detecting has been the worst I have seen it in 20+ years. Perhaps too many high end machines on the beach, (ie: competition is fierce), you tube is making it worse, no change because people are using debit cards for everything, bans on alcohol (no drunks to lose things), people have liquidated most gold and silver bling because it is just not as popular as it was in the 90's to flash your bling, and a whole new generation of kids who only want to spend $20 on a titanium or carbide wedding band. Might be time to start researching some old spots, or go for a walk without the detector. :>)
    Last edited by coinshooter; Sep 19, 2019 at 03:31 PM.
    Mackaydon and RustyGold like this.

  9. #39
    us
    Jan 2012
    21
    20 times
    All Types Of Treasure Hunting
    First Texas dropped there prices on The new F75 & T2 month's ago, some Dealers sell below whats all over the Internet........which devastated used Resell value ......You Practically must give them away.

    Now add in The Nox Hype.
    Billieg likes this.

  10. #40
    us
    Jan 2011
    Southwest Ohio
    Minelab Equinox 600(stock and 6" coil), Profind 35, Makro PP, and a little luck.
    439
    490 times
    Metal Detecting
    Quote Originally Posted by calabash digger View Post
    New minelab has hurt the used market bad....New ones coming out are going to hurt it even worse....I am in my mid 40 s and I dont want no old detector Ö.unless its all I can get hence the Excal I bought. Let a new improved version come out and I will be on it. Knob job analog detectors are done in my mind with the younger generation...
    Agreed, the Equinox may not have made all VLF detectors obsolete as proclaimed by Minelab but it really put a damper on the used market for those that are selling; great for potential buyers though. The younger generation is only interested in something if there is an app on their smart phone(=dumb/numb human race) to use it. Now if someone can invent a metal detecting app.....
    XLV likes this.
    Diggn' is my business....and business is good!

  11. #41
    us
    Ron

    Mar 2017
    SW Fla.
    2-Exal 2s Minelab
    45
    43 times
    All Types Of Treasure Hunting
    That is not insanity but merely therapy for us old RVN war horses.
    A2coins likes this.

  12. #42
    us
    Ron

    Mar 2017
    SW Fla.
    2-Exal 2s Minelab
    45
    43 times
    All Types Of Treasure Hunting
    My great great uncle served in the army of Northern Va. under Capt. Chew. He was hit in the leg with a cannon ball and taken out of the war on the first battle of Manassis.
    A2coins likes this.

  13. #43
    us
    Jul 2019
    Deltona Fl
    AT-Pro - Teknetics T2 LTD
    302
    640 times
    All Types Of Treasure Hunting
    After 35+ yrs of detecting I'm discouraged by all the chain link fences and no trespassing signs posted everywhere. Years ago we could detect almost anywhere but not now. Sunday I rode around looking for a place to hunt and found nothing in 4 hrs. even churches had chain link fences and signs. Public places now have strict rules so detecting is off limits. Since this is the case detecting can only go down hill as sites dry up. Too bad because it used to be a lot of fun.
    Greybear and TheGreenBoy like this.
    Looking for a hunting buddy in or around Deltona Fl.

  14. #44
    Charter Member

    Mar 2003
    So. Cal.
    1,614
    280 times
    All Types Of Treasure Hunting
    You must live in CA. I can sympathise with you. oh.. I see it's FL. I hear that is just as bad with the laws, etc.

  15. #45

    Aug 2019
    28
    33 times
    All Types Of Treasure Hunting
    Market stays flooded with new technology where as time was new detector models were introduced every few years, now its every few months.
    Our $$$ can't keep up with technology.

    g

 

 
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