Coins worth up to $290,000 found under kitchen floorboards


written by Sana Noor Haq, CNN

north house renovation England found the treasure of gold coincould be worth up to £250,000 ($290,000) at auction next month.

The find is one of the largest hoards of 18th-century British gold coins ever found in Britain, according to auction house Spink & Son in a press release sent to CNN on Thursday.

While remodeling the kitchen in July 2019, a resident unearthed a salt-glazed pottery cup dug beneath the concrete and floorboards of her home in Erraby, North Yorkshire.

The cup, described as no larger than a soft drink can, contained over 260 gold coins dating from 1610 to 1727. The stash of coins is worth an estimated £100,000 ($116,00) with today’s purchasing power, the auctioneer said. .

Gregory Edmund, auctioneer at Spink & Son, said this marvelous treasure is nothing like a memorable coin auction, unlike those found in British archaeology.

In a press release, Edmund said, “This is a wonderful and truly unexpected discovery from a very modest discovery site.

“This find of over 260 coins is one of the largest in the British archaeological record and certainly dates from the 18th century,” he added.

The find of more than 260 gold coins dating from the 17th and 18th centuries is “one of the largest in the British archaeological record,” said auctioneer Spink & Son. credit: Courtesy of Sink & Son

“The coin almost certainly belonged to Joseph and Sarah of the Fernley Maester family, who married in 1694,” the press release reads.

According to Spink & Son, the Maisters were influential merchants from the 16th to the 18th centuries. They traded in iron ore, timber and coal from the Baltic states and held parliamentary offices for generations in the early 1700s.

The auction house added that the coin was never recovered because the family line was reduced shortly after the couple died.

Edmund, meanwhile, said the findings reflected the £50 and £100 coins in use at the time.

“Joseph and Sarah clearly did not trust the newly formed Bank of England, ‘paper money’, and even the gold coins of the time.

“It’s an even bigger mystery why they didn’t retrieve the coin when it was really easy to find it right under the original 18th century floorboards, but that’s one hell of a piggy bank. .”

Source: www.cnn.com

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