I cant believe I have never heard of this or thought of it before but a guy I know was telling me about it and how he has filled a couple tackle boxes with lures by doing it. I went on amazon and bought a 330 pound pulling force magnet for 15.99, I just tried it out and found a few lures and a bunch of hooks. I am going to a popular river tomorrow that people float and fish and going on a 13 mile trip, I will be taking this for sure! Has anyone here done this and if so have you found anything cool? This is the one I bought, well worth the cheap price in my brief use so far
I tried it when I lost the handle screw to my favorite reel off a dock. Sadly I pulled nothing up.
As for fishing for lures, wouldn't most of it be in nasty condition or hooked into a log? I'd rather enjoy my float or fish for fish rather than lures.
Last comment, I once caught a fish with a lure in its lip. Years later I was using the found lure while fishing with my brother and found out it was his. He had his line snap on a fish and lost it the same year I found it in a private pond. Pretty damn funny.