Posted on 10/18/2022 6:59:47 AM PDT by DUMBGRUNT
A couple in England had the surprise of a lifetime when they discovered a stash of rare coins underneath the kitchen floorboards during a renovation project.
The haul of rare coins were recently sold at auction for $852,380 against a provisional sale estimate of $231,390. According to The Yorkshire Post, the coins have been linked to a Hull merchant family, the Maisters. The coins date from 1610 until 1727, from the reigns of King James I to King George I. The period covers the time of the marriage of Sarah Maister to Joseph Fernley. According to The Sun, Fernley died in 1725 and Maister remained in the area until her death in 1745.
(Excerpt) Read more at nbcchicago.com ...
A stack of $20 gold certificates and a very nice wedding ring.
My wife said we should search our 100-year-old house; all we ever find is dead bugs.
One Guy hears there is a fairly well-developed modern market for entomological models. So you’ve got that going for you. Which is nice.
Three Penny Opera Ping!.................
Brit govt probably took half.
very cool
I believe that - in the case of buried treasure - the entire find is confiscated by the government, and the finder is consoled with a "Finder's Fee."
In the case of valuable found on or in an actual residential building - I don't know.
Might explain why "buried treasure" is so seldom found - but instead troves are discovered hidden in the walls or concealed in the floorboards.
Regards,
Carl Spackler is that you?
“Might explain why “buried treasure” is so seldom found”
Au contraire. SunkenCiv just posts= about yet another cache of buried coins in the UK at least once a week. It seems you can’t turn on your metal detector there without finding another Roman horde in a pasture.
> the coins have been linked to a Hull merchant family, the Maisters <
Wait just a minute. I am the only surviving member of the honorable Maisters clan. And I have all the documentation necessary. Well, I had all the documentation before it was lost in a tragic boating accident.
Anyway, those coins are rightfully mine. I’d appreciate it if that $852,380 was forwarded to me. In return I will pay a 10% finder’s fee. I think that’s fair.
Several years ago when turning over the ground with a cultivator to plant strawberries, I found a 1940 penny.
In the 80s here in Virginia, a neighbor was renovating and came across a box in the wall with two dueling pistols. Way cool!
To preserve archaeological finds and information, anyone in GB who finds a “treasure” has 14 days to report the find. It then gets offered for sale to several museums. The finder gets the proceeds. If no museum is interested, it is returned to the finder.
So, the finder can actually get pretty close to market value for their finds. The US government taxes it as ordinary income in the year you found it. So I’ve read.
That’s because in England, the government maintains rights to everything in the ground. I just learned this the other day — I think there’s some movement to change that.
In the United States, the landowner has mineral rights and owns everything on the property.
I will never understand why people broadcast this type of thing.
I found an 1889 penny on the sidewalk in our town. It was in front of an old house they were turning into apartments.
Whether or not the UK confiscates the hoard depends on it’s age. Newer hoards are not confiscated.
This couple was saved by the later coins — the 1700s vintage.
So takeaway: before disclosing a hoard, add some recent coins.
“In the United States, the landowner has mineral rights and owns everything on the property.”
Depends on the state, actually.
In New Mexico (and most everywhere west of the Rockies), the US government owns the minerals, unless deeded out.
The feds own a fair amount east of the Rockies, too.
Texas is a noted exception, as it was its own country, and title was never held by the USA.
Indian head cent, right?
it’s = its.
Stupid quick correct.
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