After the storm of January 1978 which destroyed Margate Pier, metal detecting on the North Thanet coastline went through a golden era quite literally. This was down to fact that coastal erosion along the coast led to many beaches losing sand each winter thanks to the changes to the sea defences. For many metal detector users this led a bonanza of metal finds and this went on each winter well into the 1980's. Top of the list was the amount of gold found in the sand in the form of broken, worn and damaged scrap jewellery. Even though it was not worth anything as jewellery it could be sold as scrap and at the end of the season this could amount to a fair bit of money. The problem was where on earth could we get rid of it ?
At first we would sell it locally, then we tried Hatton Garden. We found the only problem with Hatton Garden even though it was a good price was it cost money to take it up on the train and the time off work . Then by chance at the time I was reading a national newspaper and found this advert for a company called Scadlynn Ltd who bought scrap gold , the original postal gold company for sure. They paid good money for the scrap and I even recommended them to other beachcombers who used them. Eventually our supply ran out and the advert also disappeared from the papers. I was later told the company had been done, something to do with Brinks Matt robbery and to be honest I didn't think much of it. Then a few days ago I was watching the Brinks Matt heist on Youtube and up popped the name Scadlynn Ltd. It appears Scadlynn Ltd was buying scrap gold and melting it with the pure Brinks Matt gold so it can be laundered.
I must admit it did make me smile to think that gold found on Margate beach was used to launder gold from the Brinks Matt robbery.
I have posted the Youtube clip and Scadlynn Ltd is mentioned at 2:23.