Those of you with old pianos may want to check if anyone left any gold inside 
Source: http://www.bbc.com/news/uk-england-shropshire-38598845
Source: http://www.bbc.com/news/uk-england-shropshire-38598845
Hoard of gold discovered in piano in Shropshire
- Thread starter whinfell
- Start date
bron.suchecki
Well-Known Member
From http://www.huffingtonpost.co.uk/ent...-shropshire-piano_uk_5878af74e4b0f3b82a373b87
""The inquest will also determine if the coins qualify as treasure under the terms of the Treasure Act (1996). ... Should the find qualify as treasure, it could become the property of the Crown ... The Treasure Act allows a local or national museum to acquire such finds for public benefit paying a reward which is normally shared equally between the finder and landowner."
And how do they value that, only at an auction could you really work out the market value. IMO you bought the piano or land, you own it and anything else, this is unfair expropriation for the public benefit.
""The inquest will also determine if the coins qualify as treasure under the terms of the Treasure Act (1996). ... Should the find qualify as treasure, it could become the property of the Crown ... The Treasure Act allows a local or national museum to acquire such finds for public benefit paying a reward which is normally shared equally between the finder and landowner."
And how do they value that, only at an auction could you really work out the market value. IMO you bought the piano or land, you own it and anything else, this is unfair expropriation for the public benefit.
The BBC article has a link to the Portable Antiquities Scheme website, which has this page about the valuation process:
https://finds.org.uk/treasure/advice/finders
There's another page with the names and affiliations of the Treasure Valuation Committee and the Provisional Valuers (the independent expert valuers).
https://finds.org.uk/treasure/advice/finders
There's another page with the names and affiliations of the Treasure Valuation Committee and the Provisional Valuers (the independent expert valuers).
1. they will be made an offer for the items, if they accept that offer then they will receive payment that is legitimate and legal
2. alternatively they could have kept it, sold it privately for cash, received less and not be able to spend large amount of the funds in fear of persecution by the gov
most normal non stacker types would go for option 1
2. alternatively they could have kept it, sold it privately for cash, received less and not be able to spend large amount of the funds in fear of persecution by the gov
most normal non stacker types would go for option 1
serial said:
I looked on the link above for some idea of how much the 'offer' would be. Is it actual market value, or just some percentage of that? Or whatever they feel like?
I would be suspicious.. No reason not to get a reasonable value if sold privately though, you just need to be discreet about it.
This is a very clearly established and mostly fair process in Britain where metal detecting is popular and hosts of everything from silver dhirams to Anglo Saxon Bejeweled sword pummels are found. Their issue will be the age of the items. 300 years old in a 100 year old piano? My prediction is it'll end up being drawn out and settled by someone who comes forward with former ownership of the piano. The fact that details of the gold haven't been released tells you that there might be some identifying property about them and it will be settled in court it hopefully quickly and amicably between the heirs, the finders and the people who gave it away.
Edit: has to be 300 years old to be treasure.
Why do I know this stuff?
Edit: has to be 300 years old to be treasure.
Why do I know this stuff?