A HOARD of James I gold unites, found in the wall of an Oxfordshire cellar 30 years ago, is expected to sell for £50,000 at London specialist auctioneers Morton & Eden on June 9-10.
The vendor had been given the coins by his grandfather shortly
after their discovery in the 1970s and had kept them in a shoebox
until they came to light at a valuation day four years ago.
A total of 59 coins, probably hidden at the beginning of the
English Civil War when they had a face value of £59, were
discovered when builders were digging footings for a building in
the Chipping Norton area. The ground collapsed revealing a hidden
cellar which was subsequently demolished. The coins were found in a
space behind a large stone in the cellar wall.
With no idea of their significance, the builder who found them
gave the coins to his ten-year-old grandson, who was already an
avid collector of stamps, marbles and seashells.
They ended up in his shoebox of childhood treasures and remained
there until 2005 when - with the costs of a wedding to meet - they
were taken to a valuation day run by Morton &
Eden in association with Sotheby's in Cheltenham.
Specialist James Morton identified them and subsequently reported
to the British Museum as potential Treasure Trove.
"We took them along hoping they might pay for a honeymoon in
Spain," said the owner of the coins. "When we learned they were
gold and worth so much, we thought about Mexico."
However, the Coroner's inquest process required in such Treasure
Trove cases proved lengthy and, four years later, the 39-year-old
vendor is married with two children. The consolation is that values
of gold coinage have risen appreciably in the interim.
The British Museum negotiated the purchase of two of the coins
for the National Collection while the remaining 57 were released to
the owner by a Coroner's Court and will be auctioned in a sale on
This particular hoard of unites - so called because the
inscription to the reverse refers to the union between England and
Scotland under James I - are interesting social documents.
"The remarkable thing about this collection is that each coin is
different," said James Morton. "Each has different mint marks and
styles and five of the coins were originally minted in Scotland for
circulation there. There is some suggestion that James I coinage
was preferred over that of Charles I. It was made of 22 carat
'crown gold' standard and, clearly, whoever hid these coins for
safekeeping deliberately chose them as the most reliable store of
The coins will be sold individually with estimates, dependent on
condition and rarity, ranging from £400 to £2500.
• The British Museum have issued an appeal for funds to purchase
the so-called Vale of York hoard found in 2007 in a field near
The early tenth century hoard consists of some 617 coins, a
magnificent Viking silver bowl and associated artefacts and
jewellery of the Viking period.
The coins - English, Anglo-Viking, Carolingian and a few Islamic
examples from as far away as Afghanistan - include unique and rare
types. They were scientifically excavated, thanks to the
understanding of the metal detectorists involved.
It is considered the most spectacular and internationally
significant Viking hoard for 150 years - the last comparable hoard
was found at Cuerdale in Lancashire in May 1840. Much of this is in
the British Museum already.
The museum have just four months to raise £1,082,800 and say at
least £250,000 is urgently required. Every individual donation,
which can be gift-aided, will be matched on a pound-for-pound
basis. Contact 0207 323 8195.
By Roland Arkell
Antiques Trade Gazette is the weekly bible of the fine art and antiques industry. Read articles like this every week in the Antiques Trade Gazette or ATG app. Click here to subscribe today.