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Boy Finds £2.5M Gold Locket With Metal Detector

samzenpus posted more than 3 years ago | from the all-that-glitters dept.

The Almighty Buck 169

Instead of bottle caps and ridicule from his peers, 3-year-old James Hyatt found a locket worth millions with his metal detector. James and his dad found the gold locket last May in Essex. Since then the 500-year-old treasure has been appraised at around £2.5million. From the article: "James’s father Jason, 34, said: ‘My son is one of the luckiest people ever. If we go to the doctors he’ll put his hand down the side of the sofa and pull out a tenner.’"

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169 comments

./ Lost & Found (0)

Anonymous Coward | more than 3 years ago | (#34308684)

Lost: near Essex, one gold locket. Reward for honest finder. Reply to AC. Thanks!

Jealousy (-1, Offtopic)

Anonymous Coward | more than 3 years ago | (#34308700)

FIRST! BULLSHIT

See body. (0)

Anonymous Coward | more than 3 years ago | (#34308744)

Neat find.

Lucky (5, Funny)

Squiddie (1942230) | more than 3 years ago | (#34308764)

I wish I had found stuff like this with my metal detector. Instead I was always that weird kid with the metal detector.

Re:Lucky (1)

Pojut (1027544) | more than 3 years ago | (#34308922)

If you found a buried metal detector with a metal detector...would the universe implode?

Re:Lucky (2, Funny)

robot256 (1635039) | more than 3 years ago | (#34309116)

If you found a buried metal detector with a metal detector...would the universe implode?

No...but then he'd have one for each hand! Double the nerdiness!

Re:Lucky (1)

camperslo (704715) | more than 3 years ago | (#34309460)

If you found a buried metal detector with a metal detector...would the universe implode?

The buried metal detector would have also found you. You and the owner of the other detector would then become each others' slaves.

Re:Lucky (2, Informative)

Nick Number (447026) | more than 3 years ago | (#34309564)

If you found a buried metal detector with a metal detector...would the universe implode?

Don't worry; for that you need a metal detector detector, AKA a meta-detector.

Re:Lucky (4, Interesting)

Zedrick (764028) | more than 3 years ago | (#34309448)

Weird kid? When I was in school, EVERYBODY wanted a metal detector. Nobody owned one though (partly because they were very expensive back then, partly because of legal reasons), but I imagine that if somebody did, he would have been considered the coolest kid in school.

I finally got my first metal detector about 5 years ago, and at least here (Sweden) it's not considered nerdy - when I go metal detecting on the beach I get lots of nice curious girls coming up to ask questions and try it. Seriously.

Re:Lucky (3, Funny)

loom_weaver (527816) | more than 3 years ago | (#34309568)

I was the lucky kid to purchase my first metal detector, a basic Micronta version, from Radio Shack back in grade 6.

As I proudly searched the sand by the monkey bars I was the star of the playground pack. After several minutes of searching we hit the jackpot--we found a penny woohoo! Then two seconds later, another kid on the other side of the sandbox looked down and exclaimed, 'Hey look, I found a nickel!'.

Bah.

I'm lucky too! (0)

Anonymous Coward | more than 3 years ago | (#34308766)

When I go to the doctor's I put my hands down my pants and pull out a tenner too!

Re:I'm lucky too! (1, Funny)

Anonymous Coward | more than 3 years ago | (#34309092)

When I go to the doctor's I put my hands down my pants and pull out a tenner too!

10cm~=3.94in. I'm sure the nurses are impressed.

Re:I'm lucky too! (0)

Anonymous Coward | more than 3 years ago | (#34310070)

It's a grower, not a shower, dude.

That's gonna be an interesting world view (2, Insightful)

Scrameustache (459504) | more than 3 years ago | (#34308784)

That 3 year old will now grow up KNOWING that there is actual buried treasure just under the surface... man, he'll think anything is possible if you just get the right tools and go do it!

Re:That's gonna be an interesting world view (2, Insightful)

Anrego (830717) | more than 3 years ago | (#34308840)

A child with hope and enthusiasm and the belief that anything is possible.. oh man this can't be good :(

All kidding aside.. yeah.. I hope the "wow anything is possible" aspect of this takes precidence and he does something awesome for humanity. The other side is that he can probably live off that without doing anything for the rest of his life (assuming his parents give it to him).

Re:That's gonna be an interesting world view (2, Insightful)

Anne_Nonymous (313852) | more than 3 years ago | (#34309160)

>> A child with hope and enthusiasm and the belief that anything is possible

Don't worry, shortly the traumas adolescence will crush his spirit.

Re:That's gonna be an interesting world view (1)

badboy_tw2002 (524611) | more than 3 years ago | (#34310282)

a) he's getting his nerdy phase over with early. Metal detecting probably won't be an issue.
b) He'll show up his first day of highschool in a Porsche, I'm sure he'll do fine.

Re:That's gonna be an interesting world view (1, Insightful)

Anonymous Coward | more than 3 years ago | (#34309228)

A child with hope and enthusiasm and the belief that anything is possible.. oh man this can't be good

Well, we have public schools to deal with this very situation.

Re:That's gonna be an interesting world view (1)

Lucky75 (1265142) | more than 3 years ago | (#34309240)

4 million dollars isn't enough to be self sustaining

Re:That's gonna be an interesting world view (2, Informative)

Nadaka (224565) | more than 3 years ago | (#34309386)

It is if you are willing to live a modest lifestyle. Even if you only get a 1% return on your investments, that is still 40k a year, fairly close to the US national average income. 2% is 80k and that is a respectable middle class income. If you can manage 4% or 5% you are looking at a wealthy lifestyle forever.

Re:That's gonna be an interesting world view (0)

Anonymous Coward | more than 3 years ago | (#34309922)

Also he's curently a child. He could let it grow for a number of years without harvesting it for income. By the time he's 18 he the priciple on which he's earning interest could be conciderably higher resulting in a larger sustainable level of "income".

Re:That's gonna be an interesting world view (1)

Dunbal (464142) | more than 3 years ago | (#34310292)

And what about inflation? You seriously think that someone will be able to live on 80k a year in 20 years time? Especially with all the major governments printing money like mad?

And don't even get me started on taxes. Actually this kid's best bet is to save the locket and auction it in 20 years' time, or whenever he's ready for the money.

Re:That's gonna be an interesting world view (1)

icebraining (1313345) | more than 3 years ago | (#34309412)

$4 million at 3.5% a year, is $140 000 / year.

Re:That's gonna be an interesting world view (0)

Anonymous Coward | more than 3 years ago | (#34309740)

Exactly. Who could live on THAT? You can't even provide proper housing and care for your horses on that, let alone cover the costs of your jet and yacht. I have a hard time seeing how someone could even eat on such a paltry income.

Re:That's gonna be an interesting world view (0)

Anonymous Coward | more than 3 years ago | (#34309430)

$4M isn't self sustaining?
Assume a 4% yield, which seems reasonable to me, and you gross $160K/year.
If you can't live off $160K/year, you're doing it wrong.
Even $1M is enough to retire on in a developed country.
For $200K you can retire and live like a king (making roughly 20 times the per capita income) in India.

Re:That's gonna be an interesting world view (1)

Anrego (830717) | more than 3 years ago | (#34309472)

You could put it in the bank and never touch the principle. Even at 3% you're talking $120,000 a year. It's way more than I make.. and I live pretty comfortably.

Re:That's gonna be an interesting world view (1)

vlm (69642) | more than 3 years ago | (#34309872)

You could put it in the bank and never touch the principle. Even at 3% you're talking $120,000 a year. It's way more than I make.. and I live pretty comfortably.

I'd like to know the catch of a bank that pays 3% above inflation. I'd like to find a bank that even pays as much as inflation. But what the heck do I know I just own GLD, SLV, and PRPFX for the last couple years.

Re:That's gonna be an interesting world view (0)

Anonymous Coward | more than 3 years ago | (#34310056)

What do you know...indeed.

The bank need not pay above inflation. If the bank pays exactly 3% of what was invested, thats $120,000 a year. One accustomed to living on $80,000 a year will still have plenty to reinvest. Not that reinvestment is much of an issue, since $120,000 per year will most likely remain a nice upper-class-level income for the entire term of this kid's life.

But of course, nobody would put millions in a bank. Mutual funds would, in fact, be safer and yield more.

Re:That's gonna be an interesting world view (0)

Anonymous Coward | more than 3 years ago | (#34310242)

The catch is you have to have an account with over 1mil in it...oh wait...

I think you'll find that banks can be very accommodating when dealing with large sums of money.

Re:That's gonna be an interesting world view (1)

clone52431 (1805862) | more than 3 years ago | (#34310206)

You could put it in the bank and never touch the principle.

Or the principal, either.

Re:That's gonna be an interesting world view (1)

Totenglocke (1291680) | more than 3 years ago | (#34309612)

Well you're also forgetting that he's only 3 years old - if he puts that money in the bank and doesn't touch it until he turns 18, even at a low interest rate of 2% per year he'll have $5,383,473.35. If he gets a 3% interest rate (not that hard to do), it would be $6,231,869.67 by the time he's 18. So yes, especially if he did that and then spent wisely (not frugally, but not blowing his money) he could easily get by never having to work again. Though, this is the UK, so I'm sure he'll take a hefty raping on the profits of that sale (he'd take a good raping in the US, just even worse in the UK with their higher tax rates). Realistically he'd probably get about $2 million after taxes (or less) so that's more like $3,115,934.83 by the time he's 18.

Re:That's gonna be an interesting world view (1)

babblefrog (1013127) | more than 3 years ago | (#34309730)

After inflation, he'll be able to take his whole family to dinner!

Re:That's gonna be an interesting world view (1)

wastedlife (1319259) | more than 3 years ago | (#34309758)

As long as they are willing to eat at Denny's (or whatever the UK equivalent).

Re:That's gonna be an interesting world view (1)

Inda (580031) | more than 3 years ago | (#34310314)

I had a look at dennys.com and I'm pleased to say:

We have nothing like that.

Re:That's gonna be an interesting world view (2, Insightful)

shadowrat (1069614) | more than 3 years ago | (#34309782)

This is all highly speculative. it's one thing to have a gold locket appraised at 2.4 million. It's another thing to actually find someone who will pay 2.4 million for it.

Re:That's gonna be an interesting world view (1)

Totenglocke (1291680) | more than 3 years ago | (#34310170)

I'm aware - I wasn't commenting on that, I was merely commenting on the person's assertion that you can't consider $4 million self-sustaining.

Re:That's gonna be an interesting world view (1)

vlm (69642) | more than 3 years ago | (#34309858)

4 million dollars isn't enough to be self sustaining

Who cares? Its a hundred grand a year for 40 years.

Assuming you get a real job, and merely want some extra money for beer, travel, and women, thats fifty grand per year for 80 years.

Re:That's gonna be an interesting world view (1)

I'm not really here (1304615) | more than 3 years ago | (#34309896)

You're doing it wrong then...

So he loses $2 mil to taxes (I'm over exaggerating this to make a point)

$2,000,000 @ even a very modest 3% annual return = $60,000 per year.

With a decent, relatively safe mutual fund, you can get 6-8% return ($120,000 - $160,000 per year).

If you can't live off of that, you are seriously doing it wrong.

Re:That's gonna be an interesting world view (1)

Dunbal (464142) | more than 3 years ago | (#34310264)

Not to mention I am sure the British tax people are just waiting to rape^H^H^H introduce this kid to the magical world of taxation.

No dice. (0)

Anonymous Coward | more than 3 years ago | (#34309414)

The find belongs to the Crown.

Re:No dice. (2, Interesting)

spun (1352) | more than 3 years ago | (#34309688)

The find belongs to the Crown.

I believe that the division of the hoard between the crown, the finder, and the land owner depends on whether the find was grave goods or a stash, whether the land owner gave permission to search, and a host of other things. As I understand it, UK law is still a confusing patchwork of barely compatible local, regional, and national laws of various historic origins.

Re:That's gonna be an interesting world view (1)

Darinbob (1142669) | more than 3 years ago | (#34309734)

Since he's British, I suspect he isn't thinking that he can grow up to be president of the US.

Re:That's gonna be an interesting world view (1)

c0d3g33k (102699) | more than 3 years ago | (#34308858)

You may be on to something. We make our own luck, and maybe it's his curiosity that provides opportunities that work out well for him. As long as he's careful to avoid the fate of the curious cat, his approach might have some merit.

Re:That's gonna be an interesting world view (0)

Anonymous Coward | more than 3 years ago | (#34309152)

In my experience, there's no such thing as "luck."

Re:That's gonna be an interesting world view (0)

Anonymous Coward | more than 3 years ago | (#34309258)

In my experience there is.. and I really hate it.

My sister really does fall under that category of "so damn lucky it pisses you off".

There is no rational explanation for it.. some people seem to just luck out a disproportionateamount of the time to what statistics should allow. Everyone knows that guy/girl who seems to win way more than their fair share of door prizes/chairty draws/dice rolls.

Re:That's gonna be an interesting world view (2, Interesting)

Scrameustache (459504) | more than 3 years ago | (#34309374)

In my experience, there's no such thing as "luck."

In my dirtbiking-without-a-helmet experience: I've been DAMN lucky. Now I'm more prudent.

Re:That's gonna be an interesting world view (0)

Anonymous Coward | more than 3 years ago | (#34308914)

Well at least he won't grow up thinking there's treasure in the empty hard vacuum of space. There are entire generations of people deluded into thinking so, due to Space Nuttery.

Re:That's gonna be an interesting world view (0, Flamebait)

JockTroll (996521) | more than 3 years ago | (#34309126)

Wow, you're really mad at space enthusiasts, are you? What happened, loserboy? Did the jock who beat you up and swirled you in high school become an astronaut? The girl you lusted after (and who had a restraining order filed against you) ended up marrying him? Do people you know admire this spacefaring überjock who made your insignificant life miserable? And now, after mopping up floors all day (which is the only job available to unskilled loserboys like you), do you feel the bitterness rising as you jerk off your wizened cock to kiddie scat porn, silently cursing the people who put you down by simply being better? Well, keep in mind that it takes absolutely no effort being better than you by any measure. But your life must be horrible indeed: have you considered suicide?

Re:That's gonna be an interesting world view (0)

Anonymous Coward | more than 3 years ago | (#34309170)

Quit gloating, Jock.

Re:That's gonna be an interesting world view (-1, Troll)

Anonymous Coward | more than 3 years ago | (#34309452)

"Wow, you're really mad at space enthusiasts, are you?"

Not mad, more like perplexed. Adults should be more realistic.

"What happened, loserboy? Did the jock who beat you up and swirled you in high school become an astronaut?"

Doubt it. Those kind of people don't go far. You are probably referring to the people who beat up nerds like me in high school? Like when I did my presentation on the Saturn V with my scale model?

"The girl you lusted after (and who had a restraining order filed against you) ended up marrying him?"

Wow, you really are reaching here, very overactive imagination.

"Do people you know admire this spacefaring überjock who made your insignificant life miserable?"

I'm doing fine, and no one I know admires any spacefaring uberjocks, since there's no such thing and most people classify manned space exploits as boring, tired decades-old stunts that serve no real purpose.

"And now, after mopping up floors all day (which is the only job available to unskilled loserboys like you), do you feel the bitterness rising as you jerk off your wizened cock to kiddie scat porn, silently cursing the people who put you down by simply being better?"

All this from making fun of decades-old ideas about mining asteroids? Fascinating.

"Well, keep in mind that it takes absolutely no effort being better than you by any measure"

Yet considering the effort you put into that troll... Or does that type of response come naturally to you?

"But your life must be horrible indeed: have you considered suicide?"

Hmmm. You seem to have experienced severe trauma as a child. My severe trauma was believing in sci-fi delusional nonsense as a 13 year old and arriving at adulthood understanding the implausibility of all the complete nonsense that surrounds space. I just want people to understand that there will be no space-based solar power, no asteroid mining, no Mars colonies. Even if we could afford these things financially and energetically, they simply make no sense.

Re:That's gonna be an interesting world view (0)

Anonymous Coward | more than 3 years ago | (#34309484)

Well, other than the part about mopping floors (I got an engineering degree), you're not half bad with your guesses. In fact, you're freakishly accurate.

Lucky .... (1)

Anrego (830717) | more than 3 years ago | (#34308792)

I say we do this sitcom style!

Give it to the kid right now.. in cash. Let him spend it on whatever he wants under some weird circumstances where no adult is in a position to stop him! By the end he'll have learnt a valuable lesson about life or something heart warming like that! People still go for the whole coming-of-age personal growth thing right... RIGHT??!!??!!

I just hope they don't turn this into a damn reality TV show...

Re:Lucky .... (0)

Anonymous Coward | more than 3 years ago | (#34308860)

There was actually a movie years ago about something like this - I think it was called "The Blank Check" or something similar. Although it is exactly what it says on the tin, the movie was about a kid of who found a blank check that was already signed and put some gigantic number on it and had fun during the whole movie until it caught up to him at the end or something like that.

Re:Lucky .... (1)

insertwackynamehere (891357) | more than 3 years ago | (#34309976)

He put $1,000,000 which in the 90s was already wearing thin as a big number to anyone except a child and the bank owner was involved in shady dealings and thought that the kid was sent there by a gang to pick up the cash when he brought the check so he happily gave him the million in cash which obviously would normally not have been so easy.

Re:Lucky .... (1)

Machtyn (759119) | more than 3 years ago | (#34309550)

What? The results of the kid's fallout or a reality metal detecting show? I can see it now... "Metal Detecting WARS" !!@!@121!!@ Next on TLC. (Right after Storage Unit Wars... I'm not kidding, I saw a commercial for the thing recently.)

IASPAR (3, Funny)

digitaldc (879047) | more than 3 years ago | (#34308810)

"James was so excited when he realised he had found real treasure. Dad was blown away."

Right after that, James and his dad joined together in a happy little jig and sung "I've got a golden locket!" over and over and over...

Aparently Rose didn't drop the locket at sea, (0)

Anonymous Coward | more than 3 years ago | (#34308824)

She dropped it somewhere in England. Damn you Cameron!

Treasure Act of 1996 (5, Informative)

Sonny Yatsen (603655) | more than 3 years ago | (#34308894)

Under the British Treasure Act of 1996, such a find like this belongs to the Crown. However, the boy may be compensated as a reward by the Secretary of State.

http://www.legislation.gov.uk/ukpga/1996/24/section/10 [legislation.gov.uk]

Section 4 of the Treasure Act

(1)When treasure is found, it vests, subject to prior interests and rights—

(a)in the franchisee, if there is one;

(b)otherwise, in the Crown.

Correct Link (1)

Sonny Yatsen (603655) | more than 3 years ago | (#34308954)

http://www.legislation.gov.uk/ukpga/1996/24/contents [legislation.gov.uk]

Whoops, here's the proper link. The other was just section 10 of the Treasure Act.

Re:Correct Link (1)

ClintJCL (264898) | more than 3 years ago | (#34309048)

But what is the legal definition of treasure?

Re:Correct Link (4, Informative)

Sonny Yatsen (603655) | more than 3 years ago | (#34309190)

It is defined in the first section of the law:

http://www.legislation.gov.uk/ukpga/1996/24/section/1 [legislation.gov.uk]

Meaning of 'Treasure'

(1)Treasure is—

(a)any object at least 300 years old when found which—

(i)is not a coin but has metallic content of which at least 10 per cent by weight is precious metal;

(ii)when found, is one of at least two coins in the same find which are at least 300 years old at that time and have that percentage of precious metal; or

(iii)when found, is one of at least ten coins in the same find which are at least 300 years old at that time;

(b)any object at least 200 years old when found which belongs to a class designated under section 2(1);

(c)any object which would have been treasure trove if found before the commencement of section 4;

(d)any object which, when found, is part of the same find as—

(i)an object within paragraph (a), (b) or (c) found at the same time or earlier; or

(ii)an object found earlier which would be within paragraph (a) or (b) if it had been found at the same time.

(2)Treasure does not include objects which are—

(a)unworked natural objects, or

(b)minerals as extracted from a natural deposit,

or which belong to a class designated under section 2(2).

The object found was at least 300 years old and "(i)is not a coin but has metallic content of which at least 10 per cent by weight is precious metal;". Thus, it will likely fall under the definition found in the statute.

Re:Correct Link (1)

ColdWetDog (752185) | more than 3 years ago | (#34309700)

Not a good world for pirates these days, I'm afraid.

All this legislation crap would take all of the fun out of it. You wouldn't have '15 men on dead man's chest', you'd have a dozen lawyers. Just not the same.

Re:Correct Link (1)

Menkhaf (627996) | more than 3 years ago | (#34309290)

"Professor, what's another word for 'pirate treasure'?" "Well, I think it's booty. Booty, booty, that's what it is.

FTFY

Re:Treasure Act of 1996 (5, Funny)

Joe Snipe (224958) | more than 3 years ago | (#34309062)

I like how you brits make your laws rhyme:


(1)When treasure is found it vests;
subject to prior rights and interests --

(a)if there is one in the franchisee,

(b)otherwise, to her Majesty!.

Re:Treasure Act of 1996 (1)

interval1066 (668936) | more than 3 years ago | (#34309264)

I like how you Brits live in a country where such finds are possible. Here in the States if we're lucky we might find an arrow head. Worth a few bucks, MAYBE.

Re:Treasure Act of 1996 (1)

Machtyn (759119) | more than 3 years ago | (#34309458)

Yeah, I think meteorite hunting or beach combing for rings is more profitable, if possible. If you get REALLY lucky, you might find some coins washed up from a 1600's boat wreck.

My one time search in FL this year netted me a penny, a dime, and a toy among the normal trash.

Re:Treasure Act of 1996 (5, Interesting)

Monkeedude1212 (1560403) | more than 3 years ago | (#34309556)

Well if you're looking along the coast like they probably were in England, you have a chance of finding something of value. You may not find something 500 years old, but perhaps 300 or so from when the first settlers came across.

Canada got kind of lucky in that there are actual Viking remnants along our Eastern Coast. I think that's impressive. It also suggests something odd that they never made the return trip, otherwise you think the Western world might have known about the Americas if the Scandinavians already knew about it. (So Christopher Columbus might have known something was there). To put it in a historical perspective - L'Anse Aux Meadows (which is the only entirely confirmed Norse Settlement in Canada) - is expected to have been settled around 1003 AD. That's 63 years before the battle of Hastings - which is considered by many to be the most influential battle in the history of England. To think - one of the reasons the Anglo-Saxons lost the Battle of Hastings was because just weeks prior they were fighting the Vikings at the Battle of Fulford. Were they aware of the New World at that point? Would they have bothered trying to Conquer England if they had known they could have settled this entire continent? Seems like one of those focal hinging points in history to me.

I think I got a bit off track there - anyways, there should be plenty of shipwrecks along the coast to find things. You might be able to find some stuff from the WW2 era - I hear a bit of sea battles actually took place along the US Coast.

Re:Treasure Act of 1996 (0)

Anonymous Coward | more than 3 years ago | (#34310158)

+1 interesting

Re:Treasure Act of 1996 (0)

Anonymous Coward | more than 3 years ago | (#34310304)

Phew, I was wondering how the royal family would pay for that wedding.

Re:Treasure Act of 1996 (0)

Anonymous Coward | more than 3 years ago | (#34309078)

Queen Camilla will love it!

Re:Treasure Act of 1996 (1)

BitZtream (692029) | more than 3 years ago | (#34309086)

They were trying rather hard to reclaim Titanic rather than let it get raped by treasure hunters.

Re:Treasure Act of 1996 (1)

istartedi (132515) | more than 3 years ago | (#34309106)

At current exchange rates, 2.5 million pounds is about $4 million.

With that much money on the line, I would consider the possibility of flagrantly violating the law, and moving someplace nice that will legally protect me in exchange for a smaller tax.

Of course, he's not a corporation so the other sovereigns will probably just tell him to piss off; but it's worth researching.

Re:Treasure Act of 1996 (2, Funny)

Sonny Yatsen (603655) | more than 3 years ago | (#34309136)

And the boy will also live in the forest with a band of merry toddlers who may accost the rich and give to the poor.

Re:Treasure Act of 1996 (1)

RapmasterT (787426) | more than 3 years ago | (#34309394)

At current exchange rates, 2.5 million pounds is about $4 million.

With that much money on the line, I would consider the possibility of flagrantly violating the law, and moving someplace nice that will legally protect me in exchange for a smaller tax.

He should have called it a "old family heirloom" and not a "treasure find". But then governments being what they are, they'd probably ask for back inheritance taxes for 10 generations.

Re:Treasure Act of 1996 (3, Informative)

g1zmo (315166) | more than 3 years ago | (#34309156)

FTFA:

The reliquary has been declared treasure trove at an inquest, meaning the proceeds of its sale will be shared between James’s family and the landowner.

Re:Treasure Act of 1996 (1)

magarity (164372) | more than 3 years ago | (#34309164)

Note that while this particular piece was ruled a treasure, this isn't automatic. It depends on how rare of an artifact it one finds. This is apparently a specialty religious item. If it were a a more plain medallion then it might not be ruled a treasure even if it was gold and the same age.

Re:Treasure Act of 1996 (0)

Anonymous Coward | more than 3 years ago | (#34309254)

Hmm. So basically, if you find worthless crap, you get to keep it, but as soon as it's valuable, it automatically belongs to the government, who then might magnanimously decide to throw you a few crumbs from the table for doing the actual grunt work of searching for it?

Nice. :/

The Queen Is A Lizard! (0)

Anonymous Coward | more than 3 years ago | (#34309310)

The Queen Is A Lizard!

Re:Treasure Act of 1996 (1)

eefsee (325736) | more than 3 years ago | (#34309466)

From the article: "The reliquary has been declared a treasure trove at an inquest, meaning the proceeds of its sale will be shared between James's family and the landowner." Sounds fair enough.

Don't open that locket (1)

utoddl (263055) | more than 3 years ago | (#34309064)

Don't open that locket. It's probably a horcrux. Volde--DON'T SAY THE NAME-mort.. [Oops]

Metal detector at the beach (1)

Drakkenmensch (1255800) | more than 3 years ago | (#34309180)

Not so crazy now, is it?

Re:Metal detector at the beach (2, Informative)

RapmasterT (787426) | more than 3 years ago | (#34309434)

Not so crazy now, is it?

I used to work right on Waikiki beach, and every morning I'd see these old guys out there with their thousand+ dollar detectors and sifters.

every time I'd ask on of these guys what they find, they'd say "keys...lots and lots of keys".

Re:Metal detector at the beach (1)

linzeal (197905) | more than 3 years ago | (#34309944)

Been doing it since the 1980's, still keep it in my camping gear but I'm too busy to do it on the weekends any more. Biggest thing I found - that I actually kept - was an old spear gun on the Oregon coast. Most valuable was an 1800's wedding ring with an old 'Mine Cut' 3/4 carat diamond with sapphires in a Utah campground, 4000 bucks.

Sad fact (1)

SnarfQuest (469614) | more than 3 years ago | (#34309596)

If this follows lottery winners, the sad fact is they will probably blow through the entire thing in less than a year.

Found what with what?!? (1)

snspdaarf (1314399) | more than 3 years ago | (#34309622)

He found a locket with his metal detector?

Wow. Mrs. Metal Detector is gonna be some pissed!

UK LAW OWNS HIM (-1)

Anonymous Coward | more than 3 years ago | (#34309696)

He's from the uk, the royal family owns any 'treasure' found over the value of a few hundred thousand pounds. He doesn't get to keep a penny.

Rotary engraving? (3, Funny)

Teun (17872) | more than 3 years ago | (#34309910)

When looking carefully at the photo I would say some of the larger elements of the flowers left and right of the cross seem to have been made with a rotary engraving tool, not necessarily a tool I'd associate with 500 years ago...

Boy should work for TSA (1)

Tablizer (95088) | more than 3 years ago | (#34310126)

If we go to the doctors he’ll put his hand down the side of the sofa and pull out a tenner.

They sure keep their choirs in strange places in the UK.

Re:Boy should work for TSA (0)

Anonymous Coward | more than 3 years ago | (#34310268)

Your money may talk, but the GBP sings...

Kids these days... (0)

Anonymous Coward | more than 3 years ago | (#34310378)

Hey, isn't he supposed to return it to it's owner? There's probably a 530 year old woman still looking for it. Kids these days...

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