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Registered
Join Date: Jan 2003
Location: the beach
Posts: 5,149
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You can stop laughing at those old geezers with their metal detectors
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Charlie 1966 912 Polo Red 1950 VW Bug 1983 VW Westfalia; 1989 VW Syncro Tristar Doka |
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07-08-2010, 09:46 AM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,510
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A beatle's song comes to mind here:
YouTube - The Beatles - Taxman (remastered) Bet the finder ends up with very little...because: "Somerset Coroner Tony Williams scheduled an inquest Thursday to formally determine whether the find is subject to the Treasure Act, a formal step toward determining a price to be paid by any institution which wishes to acquire the hoard."
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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07-08-2010, 10:10 AM
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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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Not as rich as he'd be if he found treasure here.
IIRC, the Treasure Act says he gets something like 10% of the proceeds from the sales, while the government gets 90%. If he were in the U.S., he'd get 100% providing that the treasure was free and clear of any claims.
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Some Porsches long ago...then a wankle... 5 liters of VVT fury now -Chris "There is freedom in risk, just as there is oppression in security." |
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07-08-2010, 10:12 AM
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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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Okay, just did some research on the Treasure Act. The finder of the treasure gets 100% of the proceeds from the sale, but at a price determined by the Treasure Valuation Committee. From what I gather, then tend to value treasures at about 10% of what they would sell for on the open market. Oh, and the seller must sell to a British museum.
It seems that the Treasure Valuation Committee artificially depresses prices to the museums' benefit.
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Some Porsches long ago...then a wankle... 5 liters of VVT fury now -Chris "There is freedom in risk, just as there is oppression in security." |
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07-08-2010, 10:36 AM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,510
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Socialistic countries tend to believe that all wealth belongs to the government for it to distribute as it sees fit... Sad, eh?
Oh well, the finder can take pride in that he preserved an archeological find... 
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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07-08-2010, 10:49 AM
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Registered
Join Date: Feb 2008
Location: Marietta GA
Posts: 2,560
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Quote:
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07-08-2010, 11:22 AM
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Ditto. Why the hell did he tell anyone? If I won the lottery, I'd have a lawyer collect it for me and I'd remain anonymous. I have zero desire to ever see my name in print.
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2022 BMW 530i 2021 MB GLA250 2020 BMW R1250GS |
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07-08-2010, 11:38 AM
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Custom User Title
Join Date: Nov 2003
Location: Barrie, Ontario Canada
Posts: 2,954
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If I won the lottery I would say I am Rick Lee
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07-08-2010, 12:09 PM
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So would I, since it's not my real name.
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2022 BMW 530i 2021 MB GLA250 2020 BMW R1250GS |
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07-08-2010, 12:11 PM
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Only Porsche
Only bike
