1,400 year old Gold Cross
References: telegraph & beadinggem
A British metal detector enthusiast recently hit the jackpot when he discovered a 7th century C.E. Anglo-Saxon gold cross in an English field. The 18K gold cross is about one inch wide and is decorated with red gemstones, some of which are missing as is the holy relic which may once have been in its centre.
The unnamed man was required by British law to turn in the cross to authorities. An inquest determined his cross to be a treasure trove which means that once it has been properly valued, he and the landowner will share in the bounty if a museum purchases it. The cross is thought be worth at least £25,000 or $50,000.
Gold prices are shooting through the roof and, to no surprise, treasure hunting with metal detectors is a growing trend. Not all metal detector enthusiasts are after archaeological treasure. Beach combing with such instruments for jewelry lost by careless sunbathers can be very lucrative. One or two good finds will see a return on the investment of the detector which costs about $800 and up.
The unnamed man was required by British law to turn in the cross to authorities. An inquest determined his cross to be a treasure trove which means that once it has been properly valued, he and the landowner will share in the bounty if a museum purchases it. The cross is thought be worth at least £25,000 or $50,000.
Gold prices are shooting through the roof and, to no surprise, treasure hunting with metal detectors is a growing trend. Not all metal detector enthusiasts are after archaeological treasure. Beach combing with such instruments for jewelry lost by careless sunbathers can be very lucrative. One or two good finds will see a return on the investment of the detector which costs about $800 and up.
Trend Themes
1. Rising Gold Prices - The increasing value of gold presents opportunities for individuals and businesses involved in treasure hunting and metal detecting.
2. Growing Metal Detector Enthusiast Community - The popularity of metal detecting is on the rise, creating a potential market for innovative metal detector technologies and accessories.
3. Lucrative Beach Combing - The profitability of beach combing for lost jewelry highlights the potential for businesses that specialize in offering services or products related to finding valuable items on beaches.
Industry Implications
1. Precious Metals and Jewelry - The precious metals and jewelry industry can capitalize on the rising trend of treasure hunting by offering specialized metals and gemstones for enthusiasts.
2. Metal Detector Manufacturing - The growth of the metal detector enthusiast community presents opportunities for innovation in terms of designing and producing advanced metal detectors.
3. Beach Tourism and Hospitality - The lucrative nature of beach combing for lost jewelry provides an opportunity for beach-focused businesses such as resorts and hotels to offer metal detecting experiences to guests.
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