Police have seized silver and gold bars, silver bullions, drugs and cash and charged a 58-year-old man after a raid at Fullerton Cove.
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The raid came after Port Stephens Hunter police stopped a car on Maitland Road at Sandgate about 5.30pm Friday.
Officers spoke to the driver, a 58-year-old man, before conducting a search of his vehicle. It is alleged that almost four kilograms of methylamphetamine and a "substantial amount" of cocaine were found during the search.
The man was arrested and taken to Raymond Terrace Police Station.
A short time later a search warrant was executed at the man's Fullerton Cove home.
During the search, police claim to have seized further prohibited drugs, along with silver and gold bars, silver bullions and cash.
The man was charged with two counts of supply prohibited drug - large commercial quantity.
He was refused bail to appear at Raymond Terrace Local Court on Monday.
Inquiries by local police continue.
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