Regarding the $4k to $5k 1 carat diamond ring...maybe you all better sit down
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  1. #1

    Jun 2006
    USA
    ML Explorer
    165
    1 times

    Regarding the $4k to $5k 1 carat diamond ring...maybe you all better sit down

    I just turned the ring into to the local police department. When I found out what the ring was worth this morning my first thought was that I should try to find the owner. This is not a $50 gold ring or even a $200 gold ring, we are talking $4,000 to $5,000 and unless this coin/jewelry dealer is the only honest one I have ever met odds are it may be worth a good deal more than that.

    Second this ring was obviously important in terms of sentimental value. A friend of mine commented that it appeared to be an older style ring. It could have belonged to my mother, what if it belonged to yours? Keeping it was out of the question as it didn't survive the mom test.

    I tell you it caused quite a stir at the station and the two officers on duty were awestruck when I opened the case and that diamond spewed fire in all directions under the lights. I was busy documenting the find for them when the lieutenant came out and he and I had a very good discussion.

    The lieutenant was genuinely amazed that I would turn in such a find. He said, "people are out there detecting all the time and nobody ever turns anything in and I know they are finding good stuff". I mentioned that a find like this is quite rare, once in a lifetime for most people. Most days I told him our finds are rather average, a few coins, lots of trash, and if we are lucky a piece of gold or silver that is often worth well under $100. I told him straight that I don't turn those in, they pay for gas, parking, and equipment.

    But a find like this, this ring is in a different class and many in our hobby will do the right thing and turn in a find like this. I tell you I made HUGE points with the lieutenant. He of course got all excited about getting into metal detecting and gave me his card and email address. Several times he was adamant that if the owner was found he was going to tell them that they need to pay me a reasonably sized finders fee. When I tried to wave that off he almost told me to be quiet, saying look you have to pay all this money for the equipment then spend your time finding the ring, you deserve a finders fee dam it so be quite I'm going to make sure you get one. lol It was great.

    In general the point that I made mostly by my actions was that people have some misconceptions about the metal detecting community. Our hobby has lots of great people who often step forward and do the right thing returning lost items of value to their owners. I mentioned our track record of returning class rings to their owners. I tell you he was impressed. If I accomplished nothing else tonight I won new respect for those in our hobby and a truck load of good will. And probably three new members, I know treasure feaver when I see it, the officers had it bad!

    Now to the legal part. They hold the item for 30 days and try to find the owner. They have a log of lost items and the owner may have already reported the item lost who knows. They will do what they can to find the owner and that is my wish. If at the end of 30 days nobody claims the item then it will be returned to me. The lieutenant told me this directly and I believed him. He assigned the whole thing an incident number and I got the feeling they took it all very seriously. Of course when I told him the ring had been roughly assessed at a value of $4,000 to $5,000 that helped. Jaws were gaping. They asked me all kinds of questions about what to ask to ensure a person claiming the ring was the rightful owner. I provided some. I will follow up with an email detailing exactly where it was found and what the owner should be able to tell them about the location itself and identifying marks on the ring the owner should know.

    So in 30 days if nobody claims the ring, I will be the new owner and I will be happy to own it under those terms. If I kept my mouth shut and just kept the ring I'd never feel quite right about it. That whole mom test thing would have worn on me.

    By the way the lieutenant was anxious to get my contact information and line up people who would pay to hire me to help them find some rather expensive lost items. He mentioned a $10k ring someone lost recently. I smiled and told him I had a day job but that I'm willing to volunteer as time allows. I kept a very low key in terms of rewards, finders fees, or whatever. I left them with a we volunteer to help our neighbors impression.

    So there you have it. I'm sure some of you may be thinking Charles what are you nuts? Hey you know what, I guarantee you I just banked a serious amount of karma, probably enough to find a chain cent or half disme or something.

    Charles

  2. #2
    us
    "WP"

    May 2005
    Saint Petersburg, FL
    White's IDX Pro, Vibraprobe 570, Minelab Explorer XS w/ Sunray X-1 Probe & Sunray Stealth X-12 DD Coil
    3,550
    137 times
    History, Metal Detecting, and Survival & Self-Sufficiency

    Re: Regarding the $4k to $5k 1 carat diamond ring...maybe you all better sit dow

    It's crazy for sure... especially that I'm looking at it on the Recent Treasures Found By Our Members bar up at the top... but it was right and just; both hard qualities to find in nearly anyone these days. I know I'm only saying this being nearly 25 years old, but I really do look up to & admire you for that call you made. I would sure like to know that if something like that ever happened to me, I'd have the character to at least try to find the owner.

    Good job, my man!!

    Bran <><
    Rom. 10:9 that if you confess with your mouth Jesus as Lord, and believe in your heart that God raised Him from the dead, you will be saved;

    Rom. 10:10 for with the heart a person believes, resulting in righteousness, and with the mouth he confesses, resulting in salvation.

  3. #3

    Feb 2007
    SE and DFX
    2,744
    7 times

    Re: Regarding the $4k to $5k 1 carat diamond ring...maybe you all better sit down

    Sorry after a bad day detecting and a sore back I did read the last line...you turned in a $4000 ring... Oh ok karma sure...

  4. #4
    us
    Sep 2006
    N.W.A.
    Tesoro - Cortez Minelab SE
    1,116
    16 times
    Banner Finds (1)

    Re: Regarding the $4k to $5k 1 carat diamond ring...maybe you all better sit down

    Forget karma handing out some old coins, I honestly hope the ring goes unclaimed, big kudos, either way.
    I noticed that no-one really utilizes all the signature space provided, so I figured to be REALLY original I would make up the longest signature that I could and probably just leave it as one big run on sentence because all that punctuation just takes up way too much space-HH.

  5. #5

    Feb 2007
    SE and DFX
    2,744
    7 times

    Re: Regarding the $4k to $5k 1 carat diamond ring...maybe you all better sit down

    Not sure which police department you turned it in to...but in larger cities...here is what happens.

    The item is inventoried as found property. If no owner steps forward item is sold at an auction, maybe the town you found it in is different. But seeing it was lost property turned in I am amazed this person said that to you Charlie! Honestly if someone lost this and did not file a lost property report by now....and this town does give away lost property... I hope you get it back. The problem with this idea of a 30 day rule is what happens if owner files a re[port 2 months from now? That is why normally the process is a found property report, item inventoried. Obviously it does or did belong to someone hope you get it back! I don't need the money but knowing here it would probably be auctioned it would be hard to turn in! But my wife would make sure I did too! Good luck!

  6. #6
    us
    Jun 2007
    Savannah, GA
    AT Pro/Ace 250/Whites Bullseye II
    226
    4 times
    All Types Of Treasure Hunting

    Re: Regarding the $4k to $5k 1 carat diamond ring...maybe you all better sit down

    Good deal. Wouldn't it be nice if the owners claimed, gave you a nice reward and had lots of property that you could search anytime! Imagine what you might find then.


  7. #7

    Jan 2007
    Houston,TX
    Garrett AT Pro Fisher F5
    1,634
    8 times

    Re: Regarding the $4k to $5k 1 carat diamond ring...maybe you all better sit down

    Charles, You are a stand up guy, and I commend you for doing the correct moral thing. Some on here would have kept their mouth shut about it and just kept the ring.. selling it in a few months or so. But you took it to the police and talked to them, and some of them have a better perspective of the integrity of most detectorists... and maybe a few converts also.

    And as gold fish said , I hope nobody has claims to it......because you deserve to have it.

    Dimeman

  8. #8
    us
    RVing Detectorist

    Nov 2005
    Fort Dodge Iowa & Aransas Pass Texas
    Ace 250
    439
    1 times

    Re: Regarding the $4k to $5k 1 carat diamond ring...maybe you all better sit down

    Charles: Congrats on your "find of a lifetime"
    And "Super Kudos" to you for the manner in which you handled the situation.

    You're a credit to the hobby; If a few more of us "follow suit" from your example, the hobby of metal detecting will soon earn a respect that it deserves
    Dick from IA
    www.mdparadise.net

  9. #9

    Jul 2007
    Culpeper,Va
    fisher 1236x / whites xlt / garret ace250
    300
    1 times

    Re: Regarding the $4k to $5k 1 carat diamond ring...maybe you all better sit down

    Boy, I gotta tell you, you really made me sit back and take a look at myself and i feel ashamed. I don't think I would have done what you did and I also believe not many people would have turned it in. If people had half the moral fiber you have this worl may be a different place. I AM GOING TO HAVE MY KIDS READ YOUR POST. With all of that said, I could of bought one heck of a metal detector with that kind of money! i told my wife of this storey, and she asked me if you were hitt'n the pipe. Good Luuck I hope nobody claims it.................
    KDMB

  10. #10
    us
    Apr 2007
    West Michigan
    White's M6, Bullseye II, Ace250
    1,932
    4 times

    Re: Regarding the $4k to $5k 1 carat diamond ring...maybe you all better sit down

    Good show. I remember reading somewhere on here about doing just what you did; turning the ring in to the police so they can try to locate the owner. Seems like I read that if you sold it you could be arrested for "larceny by conversion". However, if you turn it in and wait the required 30 days and no one comes forward, then you could sell it and it would be legit. Personally I hope no one claims it. Good job.

  11. #11

    Jun 2007
    THE EMPIRE STATE
    ACE 250,Whites prism2
    949
    4 times

    Re: Regarding the $4k to $5k 1 carat diamond ring...maybe you all better sit down

    Very Admirable,and a great story to boot karma works 10 fold,good luck Charles
    I kept on digging the hole deeper and deeper looking for the treasure chest until I finally lifted my head, looked up and realized that I had dug my own grave.
    Author: Sir John Denham

  12. #12

    Dec 2006
    Wisconsin
    White's XLT/E-Trac
    248
    1 times

    Re: Regarding the $4k to $5k 1 carat diamond ring...maybe you all better sit down

    My hat is off to you! Hard to find good qualities in people any more. What ever way it turns out,you win. The city I live in will also hold an item for 30 days and if unclaimed will return it to the finder.
    HH, Steve

  13. #13

    Oct 2006
    Nampa Idaho
    White MXT
    132
    1 times

    Re: Regarding the $4k to $5k 1 carat diamond ring...maybe you all better sit down

    You are an asset to our cause, and I commend you. Thank you!

  14. #14

    Aug 2004
    920
    8 times

    Re: Regarding the $4k to $5k 1 carat diamond ring...maybe you all better sit down

    Here they put it up for 30 days to see if it's claimed. If not, they auction it off and the proceeds go into the policeman fund. My mom found this out the hard way.
    Happy Tesoro user - Mid Missouri

  15. #15

    Feb 2007
    SE and DFX
    2,744
    7 times

    Re: Regarding the $4k to $5k 1 carat diamond ring...maybe you all better sit down

    Quote Originally Posted by Gribnitz
    Here they put it up for 30 days to see if it's claimed. If not, they auction it off and the proceeds go into the policeman fund. My mom found this out the hard way.
    That is how it is in most places! Time periods usually vary. The reason it is lost personal property and thus if unclaimed is auctioned. But who knows some of the smaller towns might have the same laws/rules as a hotel!

 

 
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