• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, February 9, 2023
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

UK: A Kitchen Renovation Leads To The Discovery Of 18th-Century Gold Coins Worth $290,000

September 7, 2022
Stephen KotochiebyStephen Kotochie
in UK
0
UK: A Kitchen Renovation Leads To The Discovery Of 18th-Century Gold Coins Worth $290,000

Part of the coin hoard found under the kitchen of an 18th-century house. Image credit: Spink & Son

During a kitchen renovation in 2019, the owners of an 18th-century home discovered a collection of over 260 gold coins that could fetch $290,000 at auction in October 2022.

According to a press release from Spink & Son, a London-based auction and collectibles company, “almost every coin represents the ‘pound piece’ of its day and it is one of the largest hoards of 18th century English gold coins ever found in Britain.”

The coins, which span the reigns of King James I through King George I, were found in a salt-glazed cup under concrete and floorboards of a house being renovated in North Yorkshire. The cup was “no bigger than a soft-drink can,” the press release stated.

RelatedPosts

Zelenskyy Pushes For Fighter Jets In Speech To U.K Parliament

Zelenskyy To Visit UK For First Time Since Russia’s Invasion

Mahama To deliver A lecture On ‘Africa’s Strategic Priorities’ in UK Today

Dating from 1610 to 1727, the coins have about £100,000, or more than $115,120, worth of spending power today.

“It is a wonderful and truly unexpected discovery from so unassuming a find location,” Gregory Edmund, senior specialist and auctioneer at Spink & Son, said in the press release.

“It is an enormous privilege to share in this wonderful find and explore this hoard for the benefit of future generations,” he said, adding that the gold coins, dubbed the “Ellerby Area Hoard,” will be up for bidding on October 7 this year.

The coins likely belonged to a mercantile family, the Fernley-Maisters, who held influence from the late 16th to 18th centuries. The family made their wealth as importers and exporters of iron ore, timber, and coal from the Baltic, and some family members served in Parliament in the early 1700s, according to the press release.

“The family line dies out soon after and presumably is the reason the coins were never recovered,” the press release noted. According to the auction house, Joseph and Sarah, the couple to whom the coins belonged, died in 1725 and 1745, respectively.

Distrusting the bank

“Joseph and Sarah clearly distrusted the newly-formed Bank of England, the ‘banknote’ and even the gold coinage of their day because they choose to hold onto so many coins dating to the English Civil War and beforehand”.

Edmund

Spink & Son said the coins narrowly missed out on being considered treasure under the 1996 Treasure Act because they were found in 2019. According to the act, two or more coins made of gold and 300 years or older qualify as “an archaeological hoard,” the press release explained.

Despite the discovery of the gold coins being “the stuff of dreams,” Edmund said the gold coins themselves are not “mindblowing,” because “they simply reflect the £50 and £100 coins of day-to-day exchange buried and mysteriously never recovered by their wealthy owner.”

READ ALSO: Ecobank Group Launches RapidCollect To Simplify Payments Across Africa

Tags: CoinsKitchenrenovationSpink & SonUK

Related Posts

Zelenskyy Pushes For Fighter Jets In Speech To U.K Parliament
UK

Zelenskyy Pushes For Fighter Jets In Speech To U.K Parliament

February 9, 2023
Zelenskyy To Visit UK For First Time Since Russia’s Invasion
UK

Zelenskyy To Visit UK For First Time Since Russia’s Invasion

February 9, 2023
Mahama To deliver A lecture On ‘Africa’s Strategic Priorities’ in UK Today
General News

Mahama To deliver A lecture On ‘Africa’s Strategic Priorities’ in UK Today

January 27, 2023
StanChart Bank Considers Selling US$3.7 billion Aircraft Leasing Unit
UK

StanChart Bank Considers Selling US$3.7 billion Aircraft Leasing Unit

January 13, 2023
Church of England Sets Up $120m Fund After Slavery Apology
UK

Church of England Sets Up $120m Fund After Slavery Apology

January 11, 2023
Former Pope Benedict XVI Dead
UK

Former Pope Benedict XVI Dead

December 31, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post

Pwalugu Dam Project: Go For Donor Funding or Loan, Don’t Rely On Gov’t- Consultant

Next Post

SSNIT Responds to Auditor General’s Report, Sets to Restructure Its Investments

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.
Ministry of Food And Agriculture Denies Agreement To Import Pork From USA
General News

Ministry of Food And Agriculture Denies Agreement To Import Pork From USA

by Angeller AshongFebruary 9, 2023
Asante Announces Significant Gold Intercepts From Its Ongoing Exploration Program at Aboduabo Prospect
Uncategorized

Asante Announces Significant Gold Intercepts From Its Ongoing Exploration Program at Aboduabo Prospect

by Stephen M.CFebruary 9, 2023
Agric Ministry Urged To Focus On Local Rice Production As Rice import bill hits GH¢6.8bn
Agribusiness

Agric Ministry Urged To Focus On Local Rice Production, As Rice Import Bill Hits GH¢6.8bn

by Gifty BansahFebruary 9, 2023
Yvonne Nelson Shares A Cryptic Message
Entertainment

Yvonne Nelson Shares A Cryptic Message

by Esther Korantemaa OffeiFebruary 9, 2023
Government must be realistic- Seth Terkper
General News

When Citizens’ Alarms At The State Of Affairs Were Ignored, Being Corky Went Global- Seth Terkper

by Angeller AshongFebruary 9, 2023
Auditor General’s Publication Of Covid Audit Not Wrong – James Klutse
General News

Auditor General’s Publication Of Covid Audit Not Wrong – James Klutse

by Emmanuel SarpongFebruary 9, 2023
Ministry of Food And Agriculture Denies Agreement To Import Pork From USA
Asante Announces Significant Gold Intercepts From Its Ongoing Exploration Program at Aboduabo Prospect
Agric Ministry Urged To Focus On Local Rice Production As Rice import bill hits GH¢6.8bn
Yvonne Nelson Shares A Cryptic Message
Government must be realistic- Seth Terkper
Auditor General’s Publication Of Covid Audit Not Wrong – James Klutse
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In