A STORAGE hunter has shared how he bought a unit for $1,500 only to find it was filled with boxes containing gold bars.
Tiktoker Jeff Roberts regularly shares with his followers the unusual finds he comes across in storage units he buys.
In a recent TikTok, the storage hunter reveals he found a number of plastic yellow boxes filled with what appear to be gold bars.
"You're never gonna guess what's in these things", he can be heard saying as he opens the boxes.
He explains that the gold bars are actually a collection of rare coins- worth thousands of dollars.
He shows hundreds of different silver and gold coins laid on a table before moving to the gold bars.
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"Each one of these bricks says it has $425 of uncirculated USA coins," Jeff said in another video.
"We have to crack one of those open and see what's in it- but if it's $425 in each one of those bricks- that's a lot of money."
Tiktokers were quick to congratulate Jeff on his lucky find with many asking if he was thinking of selling the collection.
One said: "Wonder what’s the rarest coin out of the collection."
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Another one said: "Awesome congrats, love finding coins in units but you found a lot."
Someone added: "They are probably worth way more than face value. Good haul!"
However, always read the fine print as one commenter pointed out, "gold bar packaging is a marketing gimmick. It should contain a 425-gram Ballistic Roll of 50 uncirculated 1$ US coins. 70-130$ on eBay".
What is storage hunting?
Self-storage units are a space for folks who need to store belongings so they will pay a storage facility a monthly fee to hold them.
However, if a tenant fails to pay the storage rent on time, the owner of the company will auction the unit to people willing to pay.
Typically, after 30 days overdue, storage facilities can put a lien on the contents of the renter's unpaid unit - rules may change state by state.
This is when storage hunters come in.
The company sets the rules of the auction and many times each hunter is able to make a bid.
But, bidders must submit offers on the entire contents of the unit which makes the purchase somewhat of a gamble as many times, they won’t know what they’re buying.
Finding storage auctions
Many of these auctions can be found through legal notice postings in state and local newspapers.
Other hunters like to build relationships with the actual storage facility owners in hopes to get the first dips of units and any other information they are willing to provide.
Storage auctions can also be found online at websites like StorageAuctions.com and Storage Treasures.
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