Impressive Collection of Modern Gold Sovereigns Discovered by Chance - Gainesville Coins News
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Impressive Collection of Modern Gold Sovereigns Discovered by Chance

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Impressive Collection of Modern Gold Sovereigns Discovered by Chance

A cleanup project at a Scottish country home in apparent neglect revealed an unexpected prize: a considerable hoard of contemporary British gold coins.

The collection of coins includes a number of collectible and commemorative gold coins from the U.K., predominantly much-loved Gold Sovereigns.

Estimates of the collection's value are between £50,000 and £80,000 ($70,000 and $112,000 USD).

Surprising Find of a Modern Gold Coin Hoard

The discovery happened in rural Perthshire, located in central Scotland.

Workers who were tasked with sorting through the disorganized estate were advised they may encounter an infestation of rats.

Amid a sprawl rubbish, they unexpectedly found boxes filled with gold coins.

Many remained in their original government packaging (OGP). The collection consisted mainly of proof coins, including a four-coin 500th anniversary Gold Sovereign proof set from 1989.

According to the Daily Record, the elderly owner of the estate was characterized as a hoarder and dowager who recently moved to a residential care facility.

She is also described as a "client" of the cleanup crew.

However, a few things are left unclear.

Questions About Circumstances Linger

Available online news reports don't mention what will become of the proceeds from the sale of the coins.

Obviously, the auction house handling the lot, Burns & Co., only takes a percentage of the hammer price.

Scant attention is given to what circumstances led to the event, other than awe at the unexpected valuables plucked from piles of "landfill-destined junk."

You know, piles of trash such as keepsakes and personal effects, which are basically the only other belongings cited in news pieces.

There was also jewelry found in the home (in a box inconspicuously labeled "EGGS," no less) that could sell for as much as £25,000 ($35,000).

It certainly sounds like this was a salvage operation, but not necessarily a voluntary liquidation or estate matter.

That the woman has lived alone for several years is mentioned.

There is no explanation for whether clearing the house was a sort of intervention, or if the authorities or the owner's relatives (if any) were involved.

The items will be auctioned this week.

Though it is generally regarded as engaged in factual reporting, the Daily Record is essentially a tabloid that is sometimes biased toward sensationalizing stories.

What's said by omission in the media is oftentimes just as telling.

Nearly all of the same details are unknown or overlooked in coverage of the same story in The Courier.

Moreover, what is wholly focused on in each of these local articles is repeatedly tying the find to the idea of hazardous hoarding.

There is a general assumption that her relocation to the residential center is in some way a result of the hoarding, and perhaps the failing mental and/or physical health the news associates with it.

However, we are left to draw our own conclusions about much of the context.

 

The opinions and forecasts herein are provided solely for informational purposes, and should not be used or construed as an offer, solicitation, or recommendation to buy or sell any product.

About the Author

Everett Millman

Everett Millman

Analyst, Commodities and Finance
Managing Editor

Everett has been the head content writer and market analyst at Gainesville Coins since 2013. He has a background in History and is deeply interested in how gold and silver have historically fit into the financial system.

In addition to blogging, Everett's work has been featured in CoinWeek, Advisor Perspectives, Wealth Management, Activist Post, and has been referenced by the Washington Post.

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