Luck has finally arrived: The world’s largest Iron Age coin hoard with 74,000 gold coins discovered on the island of Jersey worth up to 10 million pounds
Shortly after the 74,000 coins, as well as gold and silver jewellery, were unearthed by Island metal detectorists Reg Mead and Richard Miles in June 2012, press reports put their total value at around £10 million. However, that figure has been downgraded by the UK Treasure Valuation Committee, a body attached to the Department for Culture, Media and Sport based in London, which offers expert advice to the government on items of declared treasure that museums might wish to acquire from the Crown. The hoard has been declared ‘treasure’ as defined by the Treasure Act 1996, which means it belongs to the Queen, although under the law, the finders are entitled to a reward. Mr Mead has said that the least valuable coins in the hoard, which dates from the first century BC, are likely to be worth £100 each, suggesting a valuation of at least £7.4 million, without taking into account the precious jewellery also found in it. However, there has been discussion over whether the price wo...