4 ms·

Finders need to report their find within 14 days. It's not that ot does not belong to them: if the find is deemed a treasure they are obligated to offer it to

Finders need to report their find within 14 days. It's not that ot does not belong to them: if the find is deemed a treasure they are obligated to offer it to museums for purchase at a price set by a valuation committee. If museums are interested then they keep it and can do whatever they want with it.

biorach 4y ago
If museums are not interested then they (the metal detectorists) keep it and can do whatever they want with it.
- mytailorisrich 4y ago
  Ah yes, of course. Too late for me to correct now.
narcraft 4y ago
If you are obligated to offer something for a purchase price set by a valuation committee, you do not in practice own it. The committee, though ostensibly bounded by some rules or guidelines, nonetheless could set a price different from what the market would actually bear. If they're truly offering competitive prices then the rule requiring a coin-finder to sell at the committee-determined price would be unnecessary.
- mytailorisrich 4y ago
  What is a competitive price for such items? IMHO, either you sell at auction to find out orr you ask experts to value. Since the sale is not on the open market they picked the second option, which is reasonable.
  - sbaiddn 4y ago
    Without a market, there is no fair evaluation of value.
    - mytailorisrich 4y ago
      There is a market for ancient coins. Hence experts can give an estimate in the same way experts can estimate the value of antiques or art pieces.
    - specialist 4y ago
      Markets can determine price, not value.
patja 4y ago
Can the museum turn around and sell it at a profit?
HarHarVeryFunny 4y ago
Apparently the price offered is not cast in stone though ... I was in correspondence with one of the finders of the recent Rauceby (UK) hoard who mentioned there was some negotiation with the British Museum over the price they paid for the portion they chose to keep. Still well below prices the remainder of the hoard, returned to the finders, has been fetching on the open market though.

biorach 4y ago

If museums are not interested then they (the metal detectorists) keep it and can do whatever they want with it.

mytailorisrich 4y ago
Ah yes, of course. Too late for me to correct now.

narcraft 4y ago

If you are obligated to offer something for a purchase price set by a valuation committee, you do not in practice own it. The committee, though ostensibly bounded by some rules or guidelines, nonetheless could set a price different from what the market would actually bear. If they're truly offering competitive prices then the rule requiring a coin-finder to sell at the committee-determined price would be unnecessary.

mytailorisrich 4y ago
What is a competitive price for such items? IMHO, either you sell at auction to find out orr you ask experts to value. Since the sale is not on the open market they picked the second option, which is reasonable.
- sbaiddn 4y ago
  Without a market, there is no fair evaluation of value.
  - mytailorisrich 4y ago
    There is a market for ancient coins. Hence experts can give an estimate in the same way experts can estimate the value of antiques or art pieces.
  - specialist 4y ago
    Markets can determine price, not value.

patja 4y ago

Can the museum turn around and sell it at a profit?

HarHarVeryFunny 4y ago

Apparently the price offered is not cast in stone though ... I was in correspondence with one of the finders of the recent Rauceby (UK) hoard who mentioned there was some negotiation with the British Museum over the price they paid for the portion they chose to keep. Still well below prices the remainder of the hoard, returned to the finders, has been fetching on the open market though.