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Hoard of coins from Norman Conquest is Britain's most valuable treasure find

cnn.com

61–70 of 87 posts

Re: Hoard of coins from Norman Conquest is Britain's most valuable treasure find

#61
post #4

One wonders if they are worth face value given inflation. It would be a fun exercise to figure out their value in pounds sterling and then calculate what that number would be in the present. That said, my kids and I buried 50 copper coins in a forest in the sierras, perhaps a thousand years from now the aliens visiting our dead planet will find them. :-(

These "silver pennies" are worth $2000 each, according to a comment on the page, while a current UK penny is about $0.01.

Re: Hoard of coins from Norman Conquest is Britain's most valuable treasure find

#62

Earlier quoted context omitted.

Ireland "It illegal to use a detection device to search for archaeological objects anywhere within the State or its territorial seas; without the prior written consent of the Minister for Culture, Heritage and the Gaeltacht" (Note "anywhere") https://www.museum.ie/en-ie/collections-research/the-law-on-...

That, to me, implies there's a lot of unfound treasures over there... and/or a lot of illegal searching. Assuming there's interest outside of archeological value, of course.

https://www.smithsonianmag.com/smart-news/two-anonymously-se...

Some good Samaritans sometimes send in Ireland's priceless heritage to the national museum. But of course they're not going to reveal who they are, or where they found it. They don't want to go to prison. So I guess we'll never know.

Re: Hoard of coins from Norman Conquest is Britain's most valuable treasure find

#63
post #4

One wonders if they are worth face value given inflation. It would be a fun exercise to figure out their value in pounds sterling and then calculate what that number would be in the present. That said, my kids and I buried 50 copper coins in a forest in the sierras, perhaps a thousand years from now the aliens visiting our dead planet will find them. :-(

> perhaps a thousand years from now the aliens visiting our dead planet will find them. :-( aliens will likely find us the same way we find dinosaurs but probably no one will find us. 1000 years from now things will be very different but i suspect humans will still exist. imo we as a species have very little chance of living 1M years, tho.

What could we do to increase our chances of lasting 1M years? I think it’s a useful thought experiment for thinking about what we could change to increase our chances.

I do disagree with you though and think humans are like cockroaches now and there is a 0% chance of exterminating every last one of us and that’s a good thing. Nature had its chance at several bottlenecks in the past and failed.

>One of the greatest human bottlenecks occurred between 930,000 and 813,000 years ago, when the human population was reduced to about 1,280 breeding individuals for 117,000 years. This bottleneck may have brought human ancestors close to extinction.

https://www.science.org/doi/10.1126/science.abq7487

Re: Hoard of coins from Norman Conquest is Britain's most valuable treasure find

#64
post #59

The article's image of the hoard shows, off to the sides, various coins that look sliced in half. Did this modification occur to coins during this time period? Did the coins remain valid but half their value? If so, how many times could a coin be subdivided?

Coins used to be largely worth what they were worth because of what they were made of. So cutting them in half would lead to two seperate halves of the value. I'm sure there's more nuance than that but broadly I think that's how it used to work.

This is not so much a gradual change, as a recurring theme in coinage through history, with the stability and grasp of a regime/kingdom/empire being related to how much seigniorage (profit) it can currently extract from the economy by putting the leader's face on a costly bit of metal. This may be from one of many periods where the old coinage of an obsolete regime reverted to holding negligible value over its metal value.

Re: Hoard of coins from Norman Conquest is Britain's most valuable treasure find

#65

From the article... >A hoard of Norman-era silver coins unearthed five years ago in southwestern England has become Britain’s most valuable treasure find ever, after it was bought for £4.3 million ($5.6 million) by a local heritage trust. Different article about the discovery of the Sutton Hoo treasure... >The exact value of the Sutton Hoo treasure isn't widely known, in part because the items in the treasure have ne…

> They were donated to the British Museum by Edith,

so they got a tax deduction at a completely arbitrary value, valued in a private document of an appraiser nobody has ever seen, and have just been rolling forward the tax deduction against their current year's tax liability for all eternity?

good business.

Re: Hoard of coins from Norman Conquest is Britain's most valuable treasure find

#66
post #4

One wonders if they are worth face value given inflation. It would be a fun exercise to figure out their value in pounds sterling and then calculate what that number would be in the present. That said, my kids and I buried 50 copper coins in a forest in the sierras, perhaps a thousand years from now the aliens visiting our dead planet will find them. :-(

These "silver pennies" are worth $2000 each, according to a comment on the page, while a current UK penny is about $0.01.

1 penny = 1 penny, truly extraordinary

Re: Hoard of coins from Norman Conquest is Britain's most valuable treasure find

#67

The article's image of the hoard shows, off to the sides, various coins that look sliced in half. Did this modification occur to coins during this time period? Did the coins remain valid but half their value? If so, how many times could a coin be subdivided?

They specifically minted coins with a cross on the back to make it easier to split into halves and quarters.

Re: Hoard of coins from Norman Conquest is Britain's most valuable treasure find

#68

From the article... >A hoard of Norman-era silver coins unearthed five years ago in southwestern England has become Britain’s most valuable treasure find ever, after it was bought for £4.3 million ($5.6 million) by a local heritage trust. Different article about the discovery of the Sutton Hoo treasure... >The exact value of the Sutton Hoo treasure isn't widely known, in part because the items in the treasure have ne…

> They were donated to the British Museum by Edith, so they got a tax deduction at a completely arbitrary value, valued in a private document of an appraiser nobody has ever seen, and have just been rolling forward the tax deduction against their current year's tax liability for all eternity? good business.

And now everyone gets to benefit via the museum rather than letting it hide in a private collection.

Re: Hoard of coins from Norman Conquest is Britain's most valuable treasure find

#69

Earlier quoted context omitted.

> perhaps a thousand years from now the aliens visiting our dead planet will find them. :-( aliens will likely find us the same way we find dinosaurs but probably no one will find us. 1000 years from now things will be very different but i suspect humans will still exist. imo we as a species have very little chance of living 1M years, tho.

What could we do to increase our chances of lasting 1M years? I think it’s a useful thought experiment for thinking about what we could change to increase our chances. I do disagree with you though and think humans are like cockroaches now and there is a 0% chance of exterminating every last one of us and that’s a good thing. Nature had its chance at several bottlenecks in the past and failed. >One of the greatest hu…

> What could we do to increase our chances of lasting 1M years?

honestly? get the population down. this means less consumption on an industrial scale and letting vital ecosystems recover. i can't imagine a good way of voluntarily cutting the pop by 50% and keeping it flat afterwards, but famine would do it.

Re: Hoard of coins from Norman Conquest is Britain's most valuable treasure find

#70
post #4

One wonders if they are worth face value given inflation. It would be a fun exercise to figure out their value in pounds sterling and then calculate what that number would be in the present. That said, my kids and I buried 50 copper coins in a forest in the sierras, perhaps a thousand years from now the aliens visiting our dead planet will find them. :-(

From a comment on the article:

"There's a page at Regia Anglorum that tries to give some examples. The "d" indicates a silver penny. It [a silver penny] might buy 15 chickens, but it also might only buy half a knife (because metal is rare in comparison to chickens and requires a bunch of skilled labor to work it.)"

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