Anyone hear a news story this AM on someone finding a rare cent?

ms70

A guy I work with told me he just caught a little piece of a story where someone was walking on a trail and found a cent worth
$250K. He missed the rest of the story but said it was during the business report on NBC.

mgoodm3

Some sort of ancient coin in England, gold. found while walking his dog. It was posted here a couple days ago.

Longacre

Here is the article from yesterday's E-sylum:

RARE GOLD COIN OF COENWULF FOUND

From a Reuters account, September 10:
"The coin was discovered on a public footpath beside the
River Ivel in Bedfordshire, England. It is the first new
Anglo-Saxon gold penny to come to light in nearly a century
and the only known gold coin with the name of Coenwulf --
a king who ruled over the central English region of Mercia.

London auctioneers Spink estimate the coin will sell for
120,000-150,000 pounds ($214,100-267,700) when it goes
under the hammer in October."

"It's obviously going to be far in excess of anything that the
average guy would expect to find when he's out walking his
dog," said Bishop.

http://www.reuters.com/newsArticle.jhtml?storyID=6204583

sumnom

Behold! The Darkside! The whole of the liteside is silenced in fear and awe!

Goober

<< <i>Behold! The Darkside! The whole of the liteside is silenced in fear and awe! >>



LOL, I'm going to get me a dog

relayer

Perhaps they are refering to this???

UncleWiggly

There was a post about this a few days ago. Coin Dog!!


Jerry

Conder101

<< <i>It is the first new
Anglo-Saxon gold penny to come to light in nearly a century
and the only known gold coin with the name of Coenwulf --
a king who ruled over the central English region of Mercia.

London auctioneers Spink estimate the coin will sell for
120,000-150,000 pounds ($214,100-267,700) when it goes
under the hammer in October." >>


Can someone explain how this managed to NOT be declared Treasure Trove by the crown? As a unique piece its Treasure Trove status should have been a given. Is it possible that the finder didn't report it? If so with these news reports he may find himself without the coin, the money, and a nice fine to boot.

For those who don't know what I am talking about, put simply:
By law all buried objects of precious metal found have to be reported to the authorities. If they are of interest to various museums etc, the items are declared Treasure Trove and are kept by the crown and placed in the museums. The finder is paid the fair market value of the items. (Inthis respect the English law is better than the laws of some other countries which simply confiscate the items. That encourages non reporting and a blackmarket.) If they are not needed for study of for the museums collections then the finder is allowed to keep them to do with as they please. If they are not reported and the authorities learn of it later they can confiscate the item (with repayment to a secondary buyer) and fine the finder. For that reason it is to a finders advantage to properly report the find to the authorities.