At Cash4Gold we always follow gold-related news. An unusual item crossed our desks today—thieves brazenly stole a $550,000 gold bar from a Key West, Florida, museum.
The gold bar was taken from the Mel Fisher Maritime Museum, where it has been housed for the past 25 years. The bar was discovered by Mel Fisher and his crew in 1980 on the ocean floor at the scene of a shipwreck.
The museum's insurance company has offered a $10,000 reward for the return of the 16.5-karat gold bar, which weighs 74.85 ounces. Its gold is worth about $50,000, but the uniqueness of the piece places the bar's value at $550,000, according to the museum.
Such an unusual item is unlikely to ever make its way to Cash4Gold. Most customers send in a collection of various broken or unwanted gold, silver or platinum items in exchange for cash. Cash4Gold has an entire system of security procedures in place to identify suspicious items, and the company utilizes various security practices at its secure, state-of-the-art processing facility, setting the standard for the mail-in gold buying industry that it created. Cash4Gold's security screening process was prominently featured on a television report from WAFF in Huntsville, Alabama.
Read more about that story here: http://www.cash4gold.com/newspr/press-releases/waff-special-news-report/.
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How does somebody steal a bar of gold so valuable?
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