The gold coins, along with four other objects, unearthed by metal detectors in west Norfolk. Photo: PA
The gold coins, along with four other objects, unearthed by metal detectors in west Norfolk. Photo: PA
The gold coins, along with four other objects, unearthed by metal detectors in west Norfolk. Photo: PA
The gold coins, along with four other objects, unearthed by metal detectors in west Norfolk. Photo: PA

England's largest hoard of Anglo-Saxon gold coins unearthed


Soraya Ebrahimi
  • English
  • Arabic

Metal detector users have unearthed the largest hoard of Anglo-Saxon gold coins to be found in England.

The find of 131 gold coins, along with four other gold objects, was discovered in west Norfolk, with the exact location not disclosed.

Most of the items were discovered by a single detector user between 2014 and 2020.

But 10 of the coins were found by a second hunter, serving police officer David Cockle, who failed to report his discovery and tried to sell them.

Cockle, then 50, was caught out and in 2017 was sentenced to 16 months in prison after pleading guilty to theft. He was also dismissed from the police.

Two of the 10 coins could not be recovered as they had already been sold.

A treasure inquest into the 1,400-year-old hoard, buried shortly after the year 600, was opened in Norwich on Wednesday.

Most of the coins are Frankish tremisses, and there are also nine gold solidi, larger coins from the Byzantine empire worth three tremisses.

The hoard also contains four gold objects, including a gold bracteate, which is a type of stamped pendant, a small gold bar, and two other pieces of gold that probably belonged to larger items of jewellery.

At the point when the hoard was buried, England was not yet unified but divided into several smaller Anglo-Saxon kingdoms.

Of these, the kingdom of the East Anglia, including modern Norfolk and Suffolk, was one of the most important.

The region is also one of the most productive in terms of finds of archaeological material through metal detecting.

The previous largest hoard of coins of this period was a purse containing 101 coins discovered at Crondall in Hampshire in 1828.

It had been disturbed before discovery and may originally have included more coins.

The most famous discovery from this period was the ship burial from Sutton Hoo in Suffolk, recently dramatised in the Netflix movie The Dig, and dating somewhere between 610 and 640.

The Sutton Hoo burial included a purse of 37 gold coins, three blank gold discs of the same size as the coins and two small gold ingots, as well as many other gold items.

“This is a hugely important find," Gareth Williams, curator of Early Medieval Coins at the British Museum, said of the latest discovery.

“It is close in date to the famous ship burial from Sutton Hoo in Suffolk, and although it doesn’t contain as much gold as the whole of the Sutton Hoo burial, it contains many more coins.

“In fact, it is the largest coin hoard of the period known to date.

“It must be seen alongside other recent finds from East Anglia and elsewhere, and will help to transform our understanding of the economy of early Anglo-Saxon England.”

Norwich Castle Museum hopes to acquire the hoard, with the full support of the British Museum.

“This internationally significant find reflects the wealth and continental connections enjoyed by the early kingdom of East Anglia," said Tim Pestell, senior curator of archaeology at the Norwich museum.

“Study of the hoard and its find spot has the potential to unlock our understanding of early trade and exchange systems, and the importance of west Norfolk to East Anglia’s ruling kings in the 7th century.”

Norfolk finds liaison officer Helen Geake, said: “The west Norfolk hoard is a really remarkable find, which will provide a fascinating counterpart to Sutton Hoo at the other end of the kingdom of East Anglia.

“It underlines the value of metal-detected evidence in helping reconstruct the earliest history of England, but also shows how vulnerable these objects are to irresponsible collectors and the antiquities trade.”

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Results

5pm: Al Maha Stables – Maiden (PA) Dh80,000 (Turf) 1,600m; Winner: Reem Baynounah, Fernando Jara (jockey), Mohamed Daggash (trainer)

5.30pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (T) 1,600m; Winner: AF Afham, Tadhg O’Shea, Ernst Oertel

6pm: Emirates Fillies Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Ghallieah, Sebastien Martino, Jean-Claude Pecout

6.30pm: Emirates Colts Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Yas Xmnsor, Saif Al Balushi, Khalifa Al Neyadi

7pm: The President’s Cup – Group 1 (PA) Dh2,500,000 (T) 2,200m; Winner: Somoud, Adrie de Vries, Jean de Roualle

7.30pm: The President’s Cup – Listed (TB) Dh380,000 (T) 1,400m; Winner: Haqeeqy, Dane O’Neill, John Hyde.

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Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

The Baghdad Clock

Shahad Al Rawi, Oneworld

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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F1 2020 calendar

March 15 - Australia, Melbourne; March 22 - Bahrain, Sakhir; April 5 - Vietnam, Hanoi; April 19 - China, Shanghai; May 3 - Netherlands, Zandvoort; May 20 - Spain, Barcelona; May 24 - Monaco, Monaco; June 7 - Azerbaijan, Baku; June 14 - Canada, Montreal; June 28 - France, Le Castellet; July 5 - Austria, Spielberg; July 19 - Great Britain, Silverstone; August 2 - Hungary, Budapest; August 30 - Belgium, Spa; September 6 - Italy, Monza; September 20 - Singapore, Singapore; September 27 - Russia, Sochi; October 11 - Japan, Suzuka; October 25 - United States, Austin; November 1 - Mexico City, Mexico City; November 15 - Brazil, Sao Paulo; November 29 - Abu Dhabi, Abu Dhabi.

500 People from Gaza enter France

115 Special programme for artists

25   Evacuation of injured and sick

Updated: November 03, 2021, 10:48 PM