A man holds up two Megalodon shark teeth.

Alumnus builds a new business on ancient shark teeth

Bill Eberlein traded shipwrecks for shark teeth -- ancient Megalodon fossils that are bigger than his palm.

When Bill Eberlein arrived at Penn State Behrend in the late 1980s, he planned to pursue a career in accounting. After taking a few economics classes, he discovered he loved the subject, so he majored in that, too. Thirty years later, after a long, successful career in information technology, he now makes a living diving for and selling ancient shark teeth through his business, Megateeth Fossils.

So how does one go from accounting and economics to IT to fossil dealer?

The first twist for Eberlein came when he was 21 and working part-time at Sears, where a coworker talked him into taking a free scuba diving lesson. He loved it. Before long, he was spending his free time with local dive club members, exploring the waters around Erie. He even joined the Erie County Sheriff’s Office Scuba Team.

“I really loved looking for shipwrecks in Lake Erie,” he said. “And there was plenty of opportunity to dive in Erie. If you had gear, you could join in a free dive every weekend.”

Ten years later, Eberlein moved to Savannah, Georgia, to take a job in information technology at Gulfstream Aerospace. When a Gulfstream coworker learned that Eberlein was an avid diver, the coworker told him about diving for shark teeth in the rivers around Savannah.

“My first thought was, ‘That’s silly, looking for tiny, little shark teeth,’” he said. “I was used to really cool stuff like shipwrecks, you know?”

But then he learned that the teeth his coworker hunted for were not the run-of-the-mill, one-inch shark teeth you can find in any tourist gift shop along the East Coast. They were hefty, palm-size fossils from the ancient Megalodon, an extinct species of shark that lived two to five million years ago.

“The Megalodon wasn’t just a shark, but a dinosaur shark that was thought to be one of the largest and most powerful predators in the sea,” he said.

Scientists estimate that the average Megalodon was 34 feet long, with thick, robust teeth built for grabbing prey and breaking bone.

Eberlein was intrigued. He wanted to find a tooth, so he signed up for a charter trip near Hilton Head, in South Carolina. The crew warned him that it would be difficult to see Megalodon teeth, and that he shouldn’t be too disappointed if he didn’t find any.

He came back up with a bagful of them, astonishing the charter captain.

“I was used to diving in dark, murky water and sort of feeling my way around,” Eberlein said. “I just took my hand and dug down into the silt a little bit, and it wasn’t long before I felt a tooth.”

Inspired by his early success, Eberlein dove into his new hobby, searching for fossils on weekends and vacation days. Soon he had collected so many that he needed to do something with them.

“I knew there was a market for the teeth, and I figured I could use the money to pay for my new boat,” he said.

His accounting degree came in handy: The profits from Megateeth Fossils paid for the boat, and then some. The average whole tooth, in good condition, sells for about $100, though a smaller, imperfect tooth can sell for as little as $20. The most valuable tooth Eberlein has found is worth about $5,000. He keeps that one for himself, in a safe-deposit box.

In 2003, Eberlein left Gulfstream to teach classes in information technology and accounting at Savannah Technical College. Five years later, he decided to dive and sell fossils full-time.

“My boat captain and I usually head out early in the morning and come back around lunchtime,” he said. “I average about two teeth a dive, but one time, I found more than 40 teeth in one hole.”

Rare are the days he comes up empty-handed. But if he does, Eberlein takes comfort in the fact that he gets to do something he loves almost every day.

“I just remind myself that, for me, my worst day underwater is better than my best day sitting behind a desk in an office,” he said.