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Tony Snow: Doing coin hoards right
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<p>[QUOTE="dltsrq, post: 8070807, member: 75482"]Significant hoards rarely end up in museums these days. Most museums lack the funds to compete with private collectors. Even well-heeled institutions must be selective at 21st century prices. In the UK, if a hoard is declared 'treasure' the Crown is required to either reward the finder and landowner with realistic market value or return the find. Seldom does the Crown choose to pay. Instead, the hoard is returned and off it goes to the auction house. In countries with more draconian laws, finds typically bypass any formality and go directly onto the black market. Personally, I consider it a victory when one of these small museums is able to mount a successful fundraising campaign and bring a hoard with local interest 'home'.</p><p><br /></p><p>By the way, "stored" simply means that the BM is holding (and studying) the find while the treasure process runs its course. If the local museum can't raise the funds to buy the hoard within a certain time frame, it will be returned to the finder and landowner to do with as they please.[/QUOTE]</p><p><br /></p>
[QUOTE="dltsrq, post: 8070807, member: 75482"]Significant hoards rarely end up in museums these days. Most museums lack the funds to compete with private collectors. Even well-heeled institutions must be selective at 21st century prices. In the UK, if a hoard is declared 'treasure' the Crown is required to either reward the finder and landowner with realistic market value or return the find. Seldom does the Crown choose to pay. Instead, the hoard is returned and off it goes to the auction house. In countries with more draconian laws, finds typically bypass any formality and go directly onto the black market. Personally, I consider it a victory when one of these small museums is able to mount a successful fundraising campaign and bring a hoard with local interest 'home'. By the way, "stored" simply means that the BM is holding (and studying) the find while the treasure process runs its course. If the local museum can't raise the funds to buy the hoard within a certain time frame, it will be returned to the finder and landowner to do with as they please.[/QUOTE]
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