The recent discovery of a UK gold cache raises the specter of every-hungry leviathan ruthlessly employing the law to gobble up assets for its own benefit.
Late last year a hoard of gold coins, English sovereigns minted between 1847 and 1915, was found in old upright piano in Shropshire, in the United Kingdom, after the piano’s new owners had it retuned and repaired.
Under the UK’s Treasure Act of 1996, such discoveries are legally obligated to be reported to the local coroner within 14 days, which was done.
The piano was made by a London firm and initially sold in Essex, near London, in 1906. But its ownership from then until 1983 – when it was purchased by a family in the area who later moved to Shropshire – is unknown, according to the BBC. The new owners were recently given the instrument.
The Shrewsbury Coroner’s Court is currently seeking information about the piano’s whereabouts between 1906 and 1983.
There is a great deal at stake as the objects will qualify as “treasure” and be the property of the Crown if the coroner finds they have been hidden with the intent of future recovery, according to the BBC.
However, if the original owner or their heirs can establish their title to the find, the Crown’s claim will be void.
Under the Treasure Act of 1996, ‘Treasure’ is defined as:
- All coins from the same hoard, with a hoard is defined as two or more coins, as long as they are at least 300 years old when found;
- Two or more prehistoric base metal objects in association with one another;
- Any individual (non-coin) find that is at least 300 years old and contains at least 10% gold or silver;
- Associated finds: any object of any material found in the same place as (or which had previously been together with) another object which is deemed treasure; and
- Objects substantially made from gold or silver but are less than 300 years old, that have been deliberately hidden with the intention of recovery and whose owners or heirs are unknown.
The government has not detailed just how many coins were uncovered in the piano or their value, but Peter Reavill, Finds Liaison Officer for the British Museum’s Portable Antiquities Scheme at Shropshire Museums said, “It is a lifetime of savings and it’s beyond most people.”
I’d be curious to hear what British citizens think about this law. I understand the government’s interest in unique treasures such as the Irish Crown Jewels, spectacular Viking hoards or Anglo-Saxon gold and silver metalwork, when and if they are uncovered.
But what we have here are simple gold coins – even if in a very substantial quantity.
It would be nice to find the individuals or their heirs who secreted the money away inside the piano; the government, meanwhile is threatening, per usual, to overstep its original purpose and strong-arm the family who, through a bit of blind luck, managed to come into possession of the coins.
Government, which already pockets a considerable sum of the average individual’s wages, has no business confiscating a collection of gold coins simply because it’s forever on the lookout for additional ways to line its coffers.
(Top: Some of the gold coins found inside an old upright piano in the United Kingdom late last year.)