Treasure trove

By:
Updated: Aug 20, 2021

Gold and silver found in some hiding place. The word ‘trove’ derives from Anglo-French trover (find). Treasure trove must be reported to the police, the Director of the British Museum or the nearest coroner; failure to do so is a criminal offence. The finder is awarded the saleable value of the find, but the treasure itself goes to the legal owner, if traceable. A jury meets to decide whether the find is really treasure trove, who found it and to whom it legally belongs. If the owner cannot be traced it belongs to the Crown. In Scotland, all treasure trove belongs to the Crown.

Reference: The Penguin Business Dictionary, 3rd edt.



Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.