Are there treasures in the Philippines?

The treasure hunters are thought to be searching for Yamashita’s gold, a fabled hoard of bullion and other valuables said to have been buried somewhere on the islands of the Philippines at the end of World War II.

Where is the treasure of the Philippines?

Declared national cultural treasures list

Official NCT Name Current Location
Cathedral of San Jose of Romblon Romblon, Romblon
Philippine Paleographs (Hanunoo, Build, Tagbanua and Pala’wan) Mindoro and Palawan
Tabon Cave Complex at lahat ng Lipuun Lipuun Point, Quezon, Palawan
Tau’t Batu Petroglyphs Quezon, Palawan

What happens if you find treasure in the Philippines?

As to hidden treasures found on land, the general rule is that the hidden treasure belongs to the owner of said land. If the hidden treasure is found in a building or other property, it belongs to the owner of said property.

Is it illegal to treasure hunt in the Philippines?

Any provision of law to the contrary, notwithstanding, treasure hunting in government properties of portions of the public domain shall not be allowed, except upon prior authority of the President of the Philippines.

Is there gold in the Philippines?

Artisanal and small-scale gold mining (ASGM) is a thriving industry in the Philippines, with an estimated 500,000 miners operating in more than 40 provinces out of 81 provinces in the country. The Philippines is among the top 20 producers of gold worldwide, with 70 percent of its gold is attributed to ASGM.

What happens if I find a treasure?

They will then decide if the find is indeed deemed a treasure. Then, the market value of the find will be determined by the Treasure Valuation Committee, a governmental institution. Museums can then buy the item. They will pay a reward to the finder that can not exceed the set market value.

What if I found a gold bar?

If you’re not a collector, selling the bar might be your best option for cashing in on your treasure find. Make sure to only work with a reputable dealer who will provide you with the best estimate of its value. If you decide to keep it, get an appraisal of its value that you can use for insurance purposes.

Is treasure hunting illegal?

In the U.S., laws vary by state, but the general conclusion is that going treasure hunting is often a waste of time because you likely can’t keep it. The Archaeological Resources Protection Act of 1979 states that any “archaeological resources” found on the land of the state belong to the government.

What part of the Philippines is known to have gold deposit?

The major districts for mining gold in the Philippines are Baguio and Paracale in Luzon and Masara, Surigao and Masbate in Mindanao.

Where can I find gold nuggets in the Philippines?

The major gold producing areas in Philippines are districts of Baguio and Paracale located on the Island of Luzon and Marasa, and the locations in Mindanao such as Surigao and Masbate. Gold in Philippines exist as placer and lode deposits, which attracts all mines of all different sizes.