What we can learn from the discovery of gold on English couple's home

Source: USA Today

Have you ever felt lucky? This England couple certainly feels so. Just in one day, they probably earn more money than what they make for a year after finding a couple of gold coins when they are renovating their house. According to USA Today, the couple is expected to earn at least $290k at auction next month if they successfully sell the gold coins that they found.

This gold discovery, made by the couple renovating their kitchen in a small village in North Yorkshire, is considered to be one of the biggest stockpiles of 18th-century English gold coins ever uncovered in Britain. Spink & Son said to USA Today that the discovery is one of the most influential ones in recent years. The couple found the gold stash in July 2019, when they discovered a salt-glazed cup burrowed underneath the concrete of their old home in Ellerby, England.

The couple said that the soda can-sized cups they discovered contained more than 260 gold coins in them. The coins date from 1610 to 1727. In other words, the coins are around 300 years old, which adds more value to the discovery. Though it is impossible to know who exactly put the coin there.

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Based on the latest gold price, the coins are worth at least £100,000 (or $115,100). However, the auctioneer believes that due to the historical significance of the coin, it can be sold for at least £250,000 (almost $290,000) next month, more than twice its initial value. Spink & Son told USA Today that most of the coins uncovered in the cup were of English origin, with some coins coming from another region such as Brazil, which analysts believed were circulated through England in the 1720s.

SourceUSA Today

While it is impossible to know who exactly put the coin under the couple's house, Spink & Son believes that the coins belonged to Joseph and Sarah Fernley-Maisters, who were married in 1694. According to them, the Maisters was one of the most influential mercantile families in Hull from the late 16th to 18th centuries. Their main businesses were imports and exports of iron ore, timber, and coal from the Baltic. Some of their family members even served as Members of Parliament in the early 1700s.

Source: USA Today

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The discovery is certainly good news for the England couple, but probably not so for the one who put the coins there. They certainly did not expect that their wealth would be lost for generations and found by someone other than themselves. What can we learn from this discovery, is that storing or protecting your gold is as important as having the means to buy them. Dumping your gold coins under your house sounds like a good idea until you forget it and then move from there.

One of the best ways to store gold is using a broker to store it for you, such as using a billion vault. Another idea is to convert your gold to other forms, such as digital gold. Digital Gold can help you with this. You just have to prepare an Ethereum wallet to store your token, while your gold is safely protected in the bullion vault. No need for complex identity registration and stuff like that. It is one of the fastest ways to own and store gold, without giving you too many burdens to bear. At the very least, you don't have to dig your own house every year or so just to make sure your gold is still there.

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This article is written by joniboini