Fun Math - Average Recovery Value

[bigscoop]

The curious type, or perhaps just bored? Try this:
Take the total number of your clad recoveries and divide that into their total dollar value.
On day one I dug 342 coins, on day two (a very short hunt) I dug another 72 coins for a total of 414 coins. The total dollar amount is $20.10.
So, my average recovery value on this property is .0485 cents per recovery.

 

Amazon Forum Fav 👍

A History of Mining on the Kenai Peninsula, Alaska - Grab it through Amazon!

[Oddjob]

We are profit hunters in my family and do keep very good records so we do not waste our time.

 

[AlienLifeForm]

I already know id make more picking up cans than metal detecting, if I start getting into math that takes the fun out of it. Im definitely not in this hobby to get rich or anywhere close to it.

 

[bigscoop]

If I was in it for the money I wouldn't be in it, especially here in Indiana, however, I still enjoy maintaining a sense of humor. Actually rely on it here.

 

[USMC Reaper]

.1 x 10^-99999999999999999999999999999999999999999.

In layman's terminology I'm suckin. But that will change with the next target.

 

[Tommybuckets]

I think I'll need to count total recoveries - pulltabs, canslaw pieces, coins. Then do trash to good target ratio, hours spent searching and see my trash to teasure ratio and my earnings per hour. The only problem is then I would probably cry when I realize my old hobby of street drumming was much much more lucrative... $30-$180 per hour. The only problem is detecting is so addictively fun. I knew with my old hobby that I would make modern American money. I made thousands in change and never got a single silver coin. I checked every dime and quarter for years. I don't know that I knew about red seal and blue seal bills or war nickels back then though...

 

[DigitalDirt]

People ask me if you can make a living metal detecting.

I always say "Sure.....as long as you can live on $2.00 a month."

 

[bigscoop]

We are profit hunters in my family and do keep very good records so we do not waste our time.

For the most part I prefer value hunting as well, just as I believe most in this hobby prefer. I've known several who claim otherwise and yet they know the exact value of everything in their collections. So regardless the motives I think value is high on everyone's list.

 

[bigscoop]

This hobby is an addiction....you just never know what's coming out of the ground with the next target, even when you've dug so much junk and clad and you're sure you can probably guess.

 

[Vern2]

Bigscoop, I'm on your side. Always been a numbers guy. Baseball stats, horseshoes, wet fly vs dry fly, etc., and now metal detecting since Dec 28, 2016.
Keep a running total of everything. I know that my penny % has gone from a high of 82% down to 69%. Not finding less P, just more other.
Definitely not in it for the money, just a very very fun game to play in retirement. Digging is exciting, fun. Developed a love for digging holes, after digging many office desk sized holes, searching for Indian artifacts, on my property.
Digging up a perfect t spear point would be equal to digging up a gold ring.

 

[relic nut]

I almost didn't read this thread because the title made absolutely no sense......."Fun math" Didn't realize there was such a thing.

HH, RN

 

[Loco-Digger]

Here's my math

swinging the coil = happiness

The more you swing the coil = the more you will find

detecting is like a free lottery, the next plug might be "THE PLUG".

Enjoy the high you get from digging those keepers.

 

[chub]

what about all the folks who love to claim "the machine paid for itself over and over"? did they buy an etrac for $4.68 ?

chub

 

[DigDug891]

Yep. Had my AT Pro for about 3 weeks now. Learning/hunting curve, 5 trips out, parks and dry sand beaches, and I'm up $2.68. No silver yet, and 2 rings from local park that probably came from the toy vending machines @ CiCi's. Never expected big finds, but remain hopeful. Love it just the same. As a newbie, starting to feel a bit paranoid and self-conscious about digging holes in public park grass, even though it's all legal as I have checked online municipal ordinances. Just waiting for the first 'local stranger' to approach and accuse me of disfiguring the park. What do you say, "At least I'm not killing Mockingbirds." ?

 

[Slingshot]

Right now running at .15c per coin dug. I try and only dig quarter or higher signals but sometimes slip into a state of mental insanity and hunt for old coins, and have noticed the fun factor goes up as the coin value factor goes down. I do pick up surface pennies and dimes, just don't dig them except when looking for old ones.

? How do you factor in trash. I have quite a bit more scrap pieces of metal than I do coins.