Just reported on CNN 2 hr. ago

[#1Leatherneck]

Henry III gold penny: A coin found in a field by an amateur metal detectorist could fetch up to $547,000 at auction​

Under the United Kingdom's Treasure Act of 1996, the hobbyist who found the coin is able to keep and sell it, as it's not considered to be part of a wider discovery.

The rare coin could see a windfall as much as £400,000 ($546,000), according to a pre-sale estimate by British auctioneer Spink & Son in London, where it is going under the hammer on Sunday. Ante.

Leatherneck,
Semper fidelis

 

[Ronstar]

I swear sometimes the newbie on the block finds stuff the old timers miss……

 

[DFX-Gregg]

Incredible find wow! He can get a few extra detectors now...putting it mildly!

 

[#1Leatherneck]

Addendum:
The article did not state what type of detector the amateur was using. Or, if anyone came running up to him asking how many buttons he had on his detector or menus, or sub menus. lol R O F L
The article did go on to state:
"[T[he finder, who wishes to remain anonymous, didn't realize how valuable the coin was until he posted a photograph of the penny on Facebook. That's where Gregory Edmund, a numismatist with auctioneer Spink & Son, spotted it. "This was one of his first prospecting days in many, many years, so he obviously couldn't quite believe what he discovered," Edmund told CNN, referring to the detectorist." Ante. God bless him!
I have read before where a metal detectorist made finds worth a lot of money and the detector was quite inexpensive. Noteworthy. Stories like this is what sends us outside to listen to the beeps. lol
Leatherneck,
Semper fidelis

 

[#1Leatherneck]

Henry III gold penny: A coin found in a field by an amateur metal detectorist could fetch up to $547,000 at auction​

Under the United Kingdom's Treasure Act of 1996, the hobbyist who found the coin is able to keep and sell it, as it's not considered to be part of a wider discovery.

The rare coin could see a windfall as much as £400,000 ($546,000), according to a pre-sale estimate by British auctioneer Spink & Son in London, where it is going under the hammer on Sunday. Ante.

Leatherneck,
Semper fidelis

Addendum:

Father discovered a medieval English gold coin worth a record $875,000 on the first day he tried out his new metal detector​

When his children were born, Michael Leigh-Mallory gave up his passion for metal detecting. Now, 10 and 13, they encouraged him to take up the hobby again. On the first day he used his new metal detector, he found the oldest gold coin in England, dating back to the 13th century.
"The day after it arrived, I went out into this field. It was a bright, sunny day, and within 15 minutes, I found the coin. I knew it was gold, but I had no idea how important it was," Leigh-Mallory told The Guardian.

The 52-year old ecologist and amateur historian had dug up the rare gold penny as it glistened in a field in Devon, South West England, and was advised to take it to the British Museum. It was discovered to be one of only eight in existence, and the last one was found 260 years ago, according to The Metro.

The coin, made from North African gold, was minted in the reign of Henry III, who was the English king between 1217-72.

Not only did it bring immense joy to Leigh-Mallory and his family, but also a record-breaking hammer price of £540,000 – with extra fees taking the total £648,000 ($878,77 – when the coin was sold at Spink and Sons auctioneers in London, last week.

Spink told Insider that the sale price made it the most valuable coin ever sold in the UK. A private collector bought it, say reports.
Excerpts posted from the INSIDER 6 hours ago.
What a beautiful story. I will have to add this: What an Honorable Man.
He will split the profits of the find with the landowner. "The money will be put towards my children's future, who show the same passion for our history as me. In fact, I really owe it to them for having found the coin in the first place, as they were my inspiration to go out prospecting," Leigh-Mallory added.

 

[still looking 52]

Sounds like we need to book a flight to England.

 

[Odanscoils]

Why don't they ever post GPS coordinates.

 

[Joe Black]

Henry III gold penny: A coin found in a field by an amateur metal detectorist could fetch up to $547,000 at auction​

Under the United Kingdom's Treasure Act of 1996, the hobbyist who found the coin is able to keep and sell it, as it's not considered to be part of a wider discovery.

The rare coin could see a windfall as much as £400,000 ($546,000), according to a pre-sale estimate by British auctioneer Spink & Son in London, where it is going under the hammer on Sunday. Ante.

Leatherneck,
Semper fidelis

Dang !……Talk.about paying for your equipment & more

 

[u2robert]

I swear sometimes the newbie on the block finds stuff the old timers miss……

Yeah cause they were using old outdated equipment
Some kid comes in with a newer faster & deeper detector and found what was missed/walked over for years
This is exactly what I'm talking ABOUT

 

[jim tn]

Yeah cause they were using old outdated equipment

And you know that how?

I'm not against newer and modern equipment. In fact, I hunt with one of the newer detectors out. I am against someone implying everyone should be using the newest and greatest. And you are right, that is exactly what you are talking about. Use what you want and the rest of us will do the same. Have a good evening. I've got a piece of pecan pie waiting for me. HH jim tn

 

[autopilot42]

I think it totally depends where you hunt. I am a woods hunter not an old house situation. Most of the iron I run into is from people camping in the Civil War mostly big pieces except for some square nails. Any detector will find stuff. I have hunted old house sites in Thornburg VA but is really fatiguing. Shot gun audio sounds like a machine gun. I think every machine will be hard to hunt with. If you discriminate out all the iron alot of what you here is so clipped plus all the falsing. I am north of the Rappahannock River where not much fighting occurred just small camps. Much easier to find stuff. Location is everything. Had good success with the F2 F5 Gold Bug and the Eqx. The Eqx is the deepest by far but I still use my others. I find FT detectors the easiest on my ears and they are quite effective. We have a thick clay in my area so nothing sinks past 6 to 8 inches. All the machines work well . I don't think a pi detector would find much more but you never know? I could be missing alot.
Best of luck
Bob

 

[Mark kus]

Wow! awesome find!
Mark