The Lunker Club
The “Lunker Club” is for those people that have taken Gold Nugget Detecting to an extreme. You probably don’t know how rare a 1 ounce gold nugget is, so I’ll tell you my answer and then you can back it up on Google.
“A 1 ounce gold nugget is more rare than a 5 carat flawless diamond.” Now you then must ask, why does a 1 carat diamond cost so much? Most men are crazy enough to pay the overrated prices of diamonds. My suggestion is to invest in gold nuggets and not diamonds.
Here are some gold facts to ponder..
More than 80% of the gold in the Mother Lode is still in the ground.
In 1854 the largest gold nugget ever found was in California at Carson Hill above the Stanislaus River. It weighed 195 pounds and was valued at $43,534 in the currency of the day.
Gold is said to be so rare that the world pours more steel in an hour than it has poured gold since time began.
All of the gold in the world could be compressed into an 18-yard cube, which is about 1/10 the mass of the Washington Monument.
The amount of gold nuggets being found in the world is less than one percent.
Because of its rarity, a gold nugget can be worth three to four times the value of the gold it contains.
One cubic foot of gold weighs about 1,206 lbs.
A single ounce of gold can be drawn into a wire 60 miles long.
Gold can be hammered into sheets so thin that a pile of them an inch high would contain more than 200,000 separate sheets.
In every cubic mile of sea water there is 25 tons of gold! That's a total of about 10 billion tons of gold in the oceans; however, there's no known way to economically recover it.
Gold is chemically liquefied and injected into the muscles of thousands of rheumatoid arthritis victims in the U.S., and it is said that the treatment is successful in seven out of ten cases.
1803 North Carolina site of first US gold rush. The state supplies all the domestic gold coined for currency by the US Mint in Philadelphia until 1828.
1900 US adopts the gold standard for its currency.
1922 King Tutankhamun's tomb (1352 BC) opened to reveal a 2,448 lb. gold coffin
1933 President Franklin D. Roosevelt bans the export of gold, halts the convertibility of dollar bills into gold, orders US citizens to hand in all the gold they possess and establishes a daily price for gold.
1961 Modern-day mining begins in Nevada's Carlin Trend, ultimately making Nevada the nation's largest gold-mining state.
1973 The U.S. Dollar is removed from gold standard, and gold prices are allowed to float free. By June, the market for gold in London reaches more than $120 per ounce.
1974 On December 31, US government ends its ban on individual ownership of gold.
Placer gold nuggets are what we find most of with metal detectors. Gold that has character, shape or structure such as crystalline or chevron gold is much more rare and can bring a premium dollar.
So now you understand why I feel it is important to share some of the known and photographed nuggets of such rarity. The finders have done something most people have dreamed of. They have found a 1 ounce or larger gold nugget.
One other fact I want you to be aware of. I have not found a metal detector dealer who has as many customers as I that have found so many large and rare gold nuggets. That must say something about the Field Training we offer.
Miguel B. FL and his 2.35 ounce lunker nugget
Peter D. from MT with his 1.14 ounce gold nugget.
Chuck L. from ID & his 2.7 fabulous nugget.
Spencer K. from ID. 1.5 ounce Chevron (extremely rare and valuable).
Mike S. from CO. found 3 whoppers. 1.5, 1.74 and 10.9 ounces. (He’s just greedy)
Tibor T. from NV and his 1.5 ounce nugget.
Gene H. from ID and his 4.35 ounce solid lunker.
Loren D. from WA with his 2 ounce gold nugget.
Susan L from ID with 1 ounce Alaskan nugget.
Frank. L from NY with 1.35 ounce placer nugget.