Australian gold prospector Mick Brown says he's willing to part with
his recently discovered 87-ounce gold nugget for a minimum price - a
mere $200,000 in Australian dollars. That's $154,572 in U.S. dollars
as of March 9.
The nugget's precious metal value just for the gold it contains is
over $100,000 in U.S. dollars.
Word of Brown's discovery was first publicly announced March 2 by Minelab, the Australian-based company that
manufactured the Minelab 4500 metal detector that Brown used to make
his discovery. Brown, a metal detecting hobbyist, unearthed his
discovery in early February in an area near Wedderburn
in the state of Victoria, Australia, and not Inglewood as stated in
the March 2 announcement. The nugget was removed from beneath roughly
six inches of soil, Brown said.
Brown says he's been metal detecting for gold for approximately 10
years. The nugget is reported to be the largest nugget find in the
area in the past three decades, Brown said, and the largest he has
Brown says he previously found a 17-gram nugget in the Wedderburn
area and an 11-ounce nugget at Marble Bar in Western Australia.
Brown has dubbed his 87-ounce nuggest find the Fair Dinkum nugget,
Australian slang for "genuine."
While Brown's 87-ounce nugget is impressive, it is dwarfed by a
nugget found by another prospector searching in the Wedderburn region
in 1981 - the Pride of Australia nugget, weighing in at a whopping 256 ounces.
9news.com.au posted a video interview online with
Brown near where he discovered the 87-ounce nugget.
More from CoinWorld.com:
Watch's gold gets company more bang for its buck
2015 March of Dimes Special Silver Set goes on sale May 4 from
makes its Mark Twain commemorative design recommendations
coins honoring Mark Twain long overdue
of Canada says not illegal to 'Spock' its $5 notes in homage to
the late actor
to share your thoughts on this story.
Keep up with
all of CoinWorld.com's news and insights by
signing up for our free eNewsletters
liking us on Facebook
following us on Twitter
. We're also on