France’s biggest trove of Gaulish coins has been unearthed in Brittany. Archeologists found them while searching along the route of a bypass under construction in the Côtes d’Armor. The coins are in the hands of specialist restorers and will go on display in the département.

The trove consists of 545 gold-silver-copper coins: 58 staters and 487 quarterstaters. ‘Stater’ is the generic term for antique coins. They lay a foot beneath the earth’s surface near Laniscat, 64km south of Saint-Brieuc, at a known Iron Age manor house or farm site, and date to 75- 50BC. They are very well preserved.

Inrap, the national institute for preventive archeological research, which has the right to investigate sites ahead of infrastructure work, reports similar finds in the 1930s at Guingamp and Perros-Guirec, but says the latest trove is the biggest yet. Searching ahead of construction work, an Inrapled team found a single coin about 30cm down, then began a systematic search.

They found another 50 coins the same day, then brought in metal detectors and found the rest. They believe the coins were all buried together but were disturbed over the centuries by ploughing. Read Full Story

A METAL detecting enthusiast has unearthed a Roman coin thought to be one of the oldest ever found in Wales.
Retired butcher Roy Page, 69, of Coedpoeth, found the detailed 2,000-year-old coin on a farm near St Asaph when he went on a search there with the Mold-based Historical Search Society.

Roy handed the tiny silver coin to the Portable Antiquities Scheme, who identified it as dating from the second century BC.

It is believed to have been brought over some time after the Roman invasion of Britain in 43 AD, or during earlier visits in the first century BC.

Roy, who has been metal detecting for five years, said: “The person who held the coin was probably a Roman.

“When he told me I nearly fainted, I was over the moon. I was told by an expert in our group that it could be the oldest coin found in Wales. Read Full Story

By JOHN STEELE GORDON for Barron’s

BECAUSE GOLD IS CHEMICALLY INERT, it doesn’t tarnish and it has few industrial uses. Because it has been a prime store of value for millennia, it has always been very carefully guarded. Because it is so extraordinarily valuable (a cubic inch of pure gold is currently worth more than $9,000), even long-lost gold is searched for diligently.

A hundred and sixty years ago this month, for instance, James Marshall was inspecting a new millrace in Northern California that he had just constructed for his employer, John Sutter. A pebble about half the size of a pea caught his eye. “It made my heart thump,” he later remembered, “for I was certain it was gold.”

In 1847, the United States had produced a mere 43,000 ounces of gold, mostly as a byproduct of base-metal mining. In 1853, California alone would produce more than three million ounces, then worth some $65 million. The total revenue of the federal government in 1853 was $61.5 million. Read Full Article

A Canadian oceanographer who discovered what may be the richest shipwreck treasure in history [The Black Swan] has agreed to pay US$216,355 in an insider-trading settlement with U.S. government regulators.

The Securities and Exchange Commission announced a civil settlement Thursday with Ernesto Tapanes, an oceanographic consultant after accusing him of illegally profiting from his find.

In March, he discovered a wreck, code-named Black Swan, for Odyssey Marine Exploration Inc. as he surveyed off the coast of Gibraltar. The company revealed the Atlantic Ocean discovery of 500,000 colonial-era silver coins, estimated to be worth up to $500 million May 18.

In a civil suit, the SEC alleged in the weeks before the announcement, Tapanes used his inside knowledge of the find when he bought buy 42,000 shares of company stock. Odyssey Marine shares soared nearly 81 per cent on May 18 to $8.32 apiece. Tapanes then sold the stock, reaping a profit of $107,102. Read Full Story