Huge Anglo-Saxon gold hoard found

[new$]

Quote from Martinghoul:

Forget metal detectors, seems like you'll need to buy Her Majesty the Queen. The article says:

"It has been declared treasure by South Staffordshire coroner Andrew Haigh, meaning it belongs to the Crown."

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Roger Bland, head of portable antiquities and treasure at the British Museum, said: "The most we can say is, I think we're fairly confident it is likely to be a seven-figure sum."

BBC correspondent Nick Higham said the hoard would be valued by the British Museum and the money passed on to Mr Herbert and the landowner.

 

[jem]

Quote from Anaconda:

Yeah, a whole 11lb of old gold artifacts that are priced on their numismatic & history value is a major force in the gold spot markets.

Are you just bitter that you cannot even afford a simple gold ring, let alone an ounce?

odd that you would say that. I trade gold and I have been overall profitable trading it. However, I did not kill it like a couple of people I know. I did just put on my largest short in years in a different vehicle so I will not be able to put too much into gold. If my short works you would expect gold to go up.

 

[Martinghoul]

Quote from new$:

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Roger Bland, head of portable antiquities and treasure at the British Museum, said: "The most we can say is, I think we're fairly confident it is likely to be a seven-figure sum."

BBC correspondent Nick Higham said the hoard would be valued by the British Museum and the money passed on to Mr Herbert and the landowner.

It was a (somewhat misguided) attempt at a joke, y'know...

 

[Anaconda]

Quote from MohdSalleh:

Who told you this?


By law the state has to pay the finder at market price, there are certain criteria like it has to be above a certain weight etc. this fella is a rich man

They are going to pay him a fraction of what it is worth on the black market for such treasure. It is up to the museum & the Queen to decide the value, not the finder.

I doubt he will even get spot price for it. But even at spot with 11lbs assumed to be 99.9%, that is 400kUSD. Of which he will lose half to taxes. Far from the 7 figs the journalist claims.

But at least he gets something.