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Treasure Hunting
Lost And Found Treasures
It pay's to declare what you find...Not in this case
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<blockquote data-quote="firefly" data-source="post: 670124" data-attributes="member: 13276"><p>Approx. 8 years ago, after a big storm which had washed away a very large amount of sand from the beach, I found a valuable 'high end' gold watch with a distinct 3 digit serial number on the back. The scrap value of the watch at the time was approx. $1000. I handed it in to the local police lost property div. and received a tracking number for the item. My understanding at the time was that after a period of 6 weeks, if they could not locate the owner I could claim the item. So I contacted the police at the 6 week anniversary and they advised that they had not located the owner but were still searching... fair enough I thought so I waited until 12 weeks had passed and asked them again. To my surprise they could no locate the owner and said I could come and collect it. Great!!</p><p></p><p>After some research regarding the design of the watch and its condition, I estimate that the watch had likely been in the ocean for 10-15 years, but being made of 24k gold it was in reasonable condition. The strap was missing and the internal movement had residue build up due to condensation generated from the varying sea temperatures, but no salt water ingress. The second hand actually started to 'sweep' the moment I removed the watch from the beach scoop.</p><p></p><p>I had the watch reconditioned with a new movement installed by a professional repairer and the watch is now worth around $10k.</p></blockquote><p></p>
[QUOTE="firefly, post: 670124, member: 13276"] Approx. 8 years ago, after a big storm which had washed away a very large amount of sand from the beach, I found a valuable 'high end' gold watch with a distinct 3 digit serial number on the back. The scrap value of the watch at the time was approx. $1000. I handed it in to the local police lost property div. and received a tracking number for the item. My understanding at the time was that after a period of 6 weeks, if they could not locate the owner I could claim the item. So I contacted the police at the 6 week anniversary and they advised that they had not located the owner but were still searching... fair enough I thought so I waited until 12 weeks had passed and asked them again. To my surprise they could no locate the owner and said I could come and collect it. Great!! After some research regarding the design of the watch and its condition, I estimate that the watch had likely been in the ocean for 10-15 years, but being made of 24k gold it was in reasonable condition. The strap was missing and the internal movement had residue build up due to condensation generated from the varying sea temperatures, but no salt water ingress. The second hand actually started to 'sweep' the moment I removed the watch from the beach scoop. I had the watch reconditioned with a new movement installed by a professional repairer and the watch is now worth around $10k. [/QUOTE]
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Treasure Hunting
Lost And Found Treasures
It pay's to declare what you find...Not in this case
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