Are Hoard Coins worth more than others of the same type

About 6 years ago members of my local metal detecting club found a small hoard of predominantly Henry 8th coins here in Somerset. Following protracted delays in processing them through the Treasure process they will be valued shortly. The finders would like to know if the values might be a little higher if they are associated with being part of a hoard. There were 2 gold coins (half sovereign and crown of the double rose) and about 9-11 groats (one wasn't Henry 8th) and part of a silver bosun's whistle. Photo shows some of the coins found.

 

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Under the assumption they are in the same condition, yes, the hoard coin is worth more, especially if it is from a famous hoard.

 

A good example of yes is LaVere Redfield. The Redfield hoard was mostly common Morgans. But Redfield was an off the charts eccentric that coin collectors, IMO, just loved.

For example, he had no problem betting 5k on a single Roulette spin but he did not want to waste money putting a new starter in his beat up old truck. He just parked it on top of a hill and popped the clutch. Or he would walk into town and save gas.

 

A rose by any other name would smell as sweet.......

 

Provence value depends on a number of factors. Fame of the hoard, collection or former owner is one. A coin that has been positively identified as one pictured in an important reference book (often referred to as “that coin” in sales catalogs) may have its value enhanced. There can be a time distance value in provenance. For example, the provenance value of a former Norweb, Eliasberg or Bass U.S. coin is a lot higher than that of a Hansen coin. The provenance value of the latter is probably zero because he is still alive, and those coins on the market are his rejects (still amazing coins). A shipwreck provenance adds some value especially if the recovery effort is over. I have a Morgan dollar with a slab label of Michigan Collection. I have no idea what that collection is or was, and it had no influence on the purchase price. For a few bucks, anyone can have their name or collection name put on a slab label.

Cal

 

Why wouldn't they be worth less since now the hoard increases the population?

 

As they are still in the Treasure process there is a possibility that they will be claimed by the state and be purchased by a museum for an amount yet to be decreed by the Treasure Valuation Committee at the British Museum. The finders would then receive half of the hoards estimated value and the other half would go to the landowner. This would prevent the hoard from ever being purchased by the general public and should not affect the prices of similar coins on the market. However, if the hoard is disclaimed by the state, the hoard will be returned to the finders/landowner to agree their disposition, possibly selling them at auction which could impact the prices of similar coins.

 

The cachet of a hoard like this is that you can pinpoint location and possibly a reason for the hoard. In this hoard you have a Bosun's whistle so could be a returning Mariner. Some dealers like Silbury Coins specialise in hoards and if they are sold individually it enhances value of the whole, particularly if there is a story attached.. As @GDJMSP said, it is only worth what someone thinks its worth and that's nebulous. Taking @Michael K 's point, this is such a small hoard that it would have no bearing on devaluing similar coins and the small size of the hoard would increase its value. Value could even be down to the geographical area it was found because non coin collectors would want one because it was found in their county.
If we look hoards, someone , somewhere must have found thousands of "Athena Owl" Tetradrachms and they have been trickled onto the market over several years and they only seem to increase in value annually despite being readily available.
Here are some AC Search statistics of hoard Owls sold in the past. A statistic was mentioned somewhere that upwards of 40,000 were found, but the market was not been flooded, deliberately.
2016 - 1.715

2017 - 2.163

2018 - 3.496

2019 - 4.483

2020 - 5.037

2021 - 7.286

2022 - 6.088

2023 - 4.560

So the simple answer is it "depends".