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Minelabe detector question....

J

JimGilmore

Active member
With the drop in price of gold I wonder if buying a new minelab is even worthwhile.
A few months ago the price of gols was getting close to $2000. Meanin that you only would need 2.5 to 3 ounces of gold to pay for the detector.
But with the drop of golds value it will be close to 4 or 5 ounces of gold to pay for it.
I'm looking for a pi unit but not yet sure I'm going to buy one yet.
 
For most prospecting is a hobby.
How many fish does it take to pay off a new bass boat?
If you learn your machine and where to look, you can pay off more than just the detector.
A little luck helps too.
My guess is the majority won't pay for their equipment.
Had I not invested in a minelab I would still be in the red.

Technology gives us better tools, it also makes gold more scarce.
 
When I got an SD 2000 when they came out it cost me 11 ounces of gold. Over a decade and something later my GPX 5000 cost me 3.5 ounces. It sucks that the price has dropped but I reckon it will go up again, when I dont know but I always reckon gold is worth the hunt. I would still prefer out be out looking for it than not.
 
I was just pointing out how much more you need to pay those new minelabs off since the price ofgold dropped .
I know that any detector sitting in the closet only finds dust. And will never pay for itslf.
In the many years that I have hunted I have never paid for a gold detector with finds. Though I have easily paid for my coin machines.
 
Paid for my GPX 5000 in the last couple weeks - again! Now back out to where there is no Internet access to look for more gold.
 
I know what you mean Jim. They reckon it'll drop even more maybe. Over here, in Australia, our dollar has dropped too so that for us has softened the blow a bit with the gold price drop. At the moment its around $1220 Aussie an ounce. Im fortunate enough to live on the goldfields and can go whenever I want, but for hobby prospectors it is an expensive machine, no argument there.
And with them being that, for someone who only goes now and then, too expensive. You always get those who find good gold, or are lucky, or have the knack and make it look easy but in the real world for most its not easy. The majority of GPX's here in Australia have not paid for themselves. Fact. Some may tell you otherwise, im not implying anyone here is, but the truth is they are to many just an expensive toy. A great toy, no argument from me there. Some don't care and just love the hunt and to get out and the cost is not an issue. Anyway Jim, have a good one and good luck on those coins mate.:thumbup:
 
I believe there's a superficial Lure with the new detectors...that being new models go deeper with newer technology and a person wants another inch of depth as an edge to help them. Kinda like, im not finding what i expected with my model, so maybe i need a newer model. I thought it enteresting that Minelab model prices reflected the model series. But, there was another variable working with Minelabs that, I believe, was causing the prices to rise.......international competition for the units themselves. Availability in the US became strained especially with the 5000 series; probably back with the 4000 models even. I thought this was a sales tactic till a little research discovered big finds in Africa, for one thing was impacting inventories. With that competition affecting prices, I myself, settled on looking for an older model.

I am NOT an authority on detecting. I've wanted one for decades. And yes price was a major concern in regards to paying one off...sorta. Personnaly, I figured why start out with a lesser priced unit/model then do what? Have 2 or possibly 3 down the road? Paying as I go? I decided to jump-in with one particular brand/model and one that had proven itself to be a pretty good nugget finder. Not that there aren't others.

Justifying paying the thing off....can work against you. Yeah, and I hear you to, Jim. I'm with you on this one....but, even though I haven't found squat with mine Except nails and crap; and the fact I've juiced it up that's cost $$$ I'm confident it will do the task.....I need to work it more, is all and stay patient. Well, thats what I what I read anyway...yah gotta be patient.

I haven't looked around lately at what's been coming up for sale in Used detector's. But, I remember when I went looking for the Minelab GP3000 series....those were even hard to find. Yet, I did. Purely by accident. Brand spanking new seller and it hadn't been offered but one day, if I remember correctly, and I jumped on it! The 4000's about this time were hard to find, if not totally out of inventory at the majors. eBay had some...still those were up there. And out of my budget....thinking if and how long it would take me to pay one off. And I fought those thoughts because I had none to none experience with one. But, I did want a good, proven, detector that would help a novice like myself. All it will take is me getting out more. And, till my old legs go out and I'm in a wheel chair or I can't afford the fuel to drive to a location(which may come) I'm pretty happy to know I've at least owned a Minelab. Braggen rights are worth something too. :thumbup:
 
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