LM
Hero Member
The Detectorists 40 Hour "Workweek" Challenge. Sign up here.
Had a fun conversation with a friend recently about whether or not it would be possible to earn an hourly rate higher than a McDonalds paycheck with a MD. I've been doing this since I was a tot and am firmly convinced it would not be possible, but it should be interesting to test this oout. In another thread, the same topic came up again, so if anyone's interested in a good excuse for getting out of the house and doing some MD'ing over the month of June, here it is
The basic idea is this.
Spend 40 hours detecting in the month of June. Do four, 10 hour days, 40 1 hour days or however you want to do it. This sample size will used to represent a 40 hour work week.
Add up the value of all your finds.
In the case of clad, face value.
In the case of silver coinage, standard face value multiple.
In the case of coins with numismatic value, typical ebay sale prices.
In the case of jewelry, melt value @ spot on June 30. In the case of jewelry worth more than melt or artifacts that are potentially valuable, we can agree on a reasonable estimation but at that point, you've probably exceeded a weekly wage and will be categorized as a 3 anyway.
If you're interested, post here. All that's required of you is 40 hours of detecting in June and keeping track of your finds, then posting your June totals on July 1st. I'll be more than happy to do the math and keep track of everything.
Ideally, I think at least 10 guys would be adequate, but the more the better.
SIGNED UP SO FAR
mlayers
lsmorgan
Had a fun conversation with a friend recently about whether or not it would be possible to earn an hourly rate higher than a McDonalds paycheck with a MD. I've been doing this since I was a tot and am firmly convinced it would not be possible, but it should be interesting to test this oout. In another thread, the same topic came up again, so if anyone's interested in a good excuse for getting out of the house and doing some MD'ing over the month of June, here it is
The basic idea is this.
Spend 40 hours detecting in the month of June. Do four, 10 hour days, 40 1 hour days or however you want to do it. This sample size will used to represent a 40 hour work week.
Add up the value of all your finds.
In the case of clad, face value.
In the case of silver coinage, standard face value multiple.
In the case of coins with numismatic value, typical ebay sale prices.
In the case of jewelry, melt value @ spot on June 30. In the case of jewelry worth more than melt or artifacts that are potentially valuable, we can agree on a reasonable estimation but at that point, you've probably exceeded a weekly wage and will be categorized as a 3 anyway.
Objective:
To determine the probability of an experienced detectorist being able to earn an hourly rate equal to or greater than $7.50 across a sample size of multiple detectorists.
Criteria:
40 hours spent in the field detecting, over the course of one month.
Careful logging of all finds in addition to all fuel expenses incurred.
Absolute integrity in terms of reporting finds and time use. No padding or exaggerating. If you feel you won't be able to resist this temptation, please don't participate.
Determinations:
The value of all finds made over the 40 hour sample size will be added up to a dollar amount (v) and from that, expenses (e) subtracted (v) - (e). The sum of (v) - (e) shall be divided by 40 to determine an hourly rate (h) and categorize that outcome within the sample.
Categories:
Detectorists who meet an (h) up to 7 will be categorized as 1's
Detectorists who meet an (h) of 7.1-9 will be categorized as 2's
Detectorists who meet an (h) greater than 9.1 will be categorized as 3's
1's represent an hourly rate equal to a wage offered by an unskilled job
2's represent an hourly rate approximately equal to the wage offered by an unskilled job
3's represent exceeding the hourly rate of an unskilled job
If you're interested, post here. All that's required of you is 40 hours of detecting in June and keeping track of your finds, then posting your June totals on July 1st. I'll be more than happy to do the math and keep track of everything.
Ideally, I think at least 10 guys would be adequate, but the more the better.
SIGNED UP SO FAR
mlayers
lsmorgan
Amazon Forum Fav 👍
Upvote
0