navigation-background arrow-down-circle Reply Icon Show More Heart Delete Icon wiki-circle wiki-square wiki arrow-up-circle add-circle add-square add arrow-down arrow-left arrow-right arrow-up calendar-circle chat-bubble-2 chat-bubble check-circle check close contact-us credit-card drag menu email embed facebook snapchat-circle facebook-square facebook faq-circle faq film gear google-circle google-square googleplus history home instagram-circle instagram-square instagram linkedin-circle linkedin-square linkedin load monitor Video Player Play Icon person pinterest-circle pinterest-square pinterest play readlist remove-circle remove-square remove search share share2 sign-out star trailer trash twitter-circle twitter-square twitter youtube-circle youtube-square youtube

Tank collector gets a pleasant surprise: $2.4 million in gold

April 11, 2017
Nick Mead is a tank collector and owner of Tanks Alot, a company that offers armored vehicles and tanks for driving lessons, private events and even appearances on television and film. The next tank he would come to own would give him a lot more than he expected.

The Iraqi Army Type 69 tank was for sale on eBay, Popular Mechanics reports. The tank’s design was introduced in 1949 and is armed with a 12.7-millimeter machine gun and a 100-millimeter main gun. The Type 69 tank had been sold in large quantities to the Iraqi Army during the 1980s.

While opening the fuel tank, Mead and his mechanic Todd Chamberlain pulled out five 12-pound gold bars worth approximately $2.4 million.

Thought to be Kuwaiti in origin, the gold was likely looted by Iraqi forces after the 1990 invasion of Kuwait. Popular Mechanics says the value of the gold is more likely to be worth $1.2 million in today's economy.

Next Article