posted on Sep, 24 2009 @ 09:57 AM
reply to post by Raist
Under UK law... Simplistically if the item found is over 300 years old and has a % of precious metals (etc) then it belongs to the Crown. The Crown
(i.e. the courts) determine the level of compensation to be paid to the person who found the "treasure" and to the landowner. In this case, the
compensation is market value, as is normal.
The laws in the UK exists because:
(a) The UK is rich in history and people are always finding artefacts which have great historical significance and national value - not necessarily
(b) To reduce the risk of looting ancient sites and landscapes.
(c) To preserve treasure for the nation - i.e. finds end up in UK museums, rather than ending up in (say) Texas.
(d) To reward people for being honest. If they find something they will hand it in and be assured that they will be rewarded.
I think this is a good law. It does not enrich the government...