Pages 173–173
A summary of the Treasure Act 1996 and the Extension of January 2003. All finders of gold and silver objects, and groups of coins from the same finds, over 300 years old, have a legal obligation to report such items under the Treasure Act 1996. Now prehistoric base-metal assemblages, found after 1st January 2003, also qualify as Treasure.
What objects qualify as Treasure in England, Wales and Northern Ireland? 1. Any metallic object, other than a coin, provided that at least 10 per cent by weight of metal is precious metal (that is, gold or silver) and that it is at least 300 years old when found. If the object is of prehistoric date it will be Treasure provided any part of it is precious metal.
2. Any group of two or more metallic objects of any composition of prehistoric date that come from the same find (if found after 1 January 2003).
3. All coins from the same find provided they are at least 300 years old when found (but if the coins contain less than 10 per cent of gold or silver there must be at least ten of them). Only the following groups of coins will normally be regarded as coming from the same find:
4. Any object, whatever it is made of, that is part of the same find as another object that is Treasure. An object or coin is part of the “same find” as another object or coin if it is found in the same place as, or had previously been together with, the other object. Finds may have become scattered since they were originally deposited in the ground.
5. Any object that would previously have been Treasure-trove, but does not fall within the specific categories given above. Only objects that are less than 300 years old, that are made substantially of gold or silver, that have been deliberately hidden with the intention of recovery and whose owners or heirs are unknown will come into this category.
Under the Treasure Act 1996 there is a legal obligation to report all finds of Treasure within 14 days from when they become aware that the item might be Treasure.