Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
NY billionaire returns stolen antiquities
>
Reply to Thread
Message:
<p>[QUOTE="Hrefn, post: 8130979, member: 115171"][USER=128351]@GinoLR[/USER] , I also lament the loss of provenance and historical information which occurs with the undocumented dispersal of hoards. The UK laws are an attempt to balance the competing interests of the discoverer, the landowner, and the public. The laws seems to me to work fairly well. There will always be some individuals who will avoid reporting their discoveries in an attempt to maximize their own gains, and will risk the penalties in the law to do so. </p><p><br /></p><p>My quarrel is more with the countries who regard every discovered coin as part of their “patrimony.” They confiscate the findings with no real compensation to the finder or landowner. These policies encourage secrecy as regards findspots, hoard contents, and archeological context. The finder knows he will never realize the market value of the coins, because there is no legal market in his country. He may even decide it is prudent to melt the coins, which is rather horrifying to us collectors. Otherwise, they are smuggled into the coin trade lacking valuable historical context. The Draconian laws achieve the exact opposite of their intention. </p><p><br /></p><p>Many countries are very corrupt, and it is doubtful every discovery confiscated by state officials ever reaches a museum. If it does, it may languish in a drawer in the basement for the next century, until liberated by war, revolution, or theft. </p><p><br /></p><p>I believe most serious collectors who possess the bulk of the ancient coins on the market are excellent custodians of their treasures. It is not immediately obvious to me that governments do a better job.[/QUOTE]</p><p><br /></p>
[QUOTE="Hrefn, post: 8130979, member: 115171"][USER=128351]@GinoLR[/USER] , I also lament the loss of provenance and historical information which occurs with the undocumented dispersal of hoards. The UK laws are an attempt to balance the competing interests of the discoverer, the landowner, and the public. The laws seems to me to work fairly well. There will always be some individuals who will avoid reporting their discoveries in an attempt to maximize their own gains, and will risk the penalties in the law to do so. My quarrel is more with the countries who regard every discovered coin as part of their “patrimony.” They confiscate the findings with no real compensation to the finder or landowner. These policies encourage secrecy as regards findspots, hoard contents, and archeological context. The finder knows he will never realize the market value of the coins, because there is no legal market in his country. He may even decide it is prudent to melt the coins, which is rather horrifying to us collectors. Otherwise, they are smuggled into the coin trade lacking valuable historical context. The Draconian laws achieve the exact opposite of their intention. Many countries are very corrupt, and it is doubtful every discovery confiscated by state officials ever reaches a museum. If it does, it may languish in a drawer in the basement for the next century, until liberated by war, revolution, or theft. I believe most serious collectors who possess the bulk of the ancient coins on the market are excellent custodians of their treasures. It is not immediately obvious to me that governments do a better job.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
NY billionaire returns stolen antiquities
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...