Anglo-Norman coin hoard found in Somerset

[Duncan Head]

https://www.theguardian.com/culture/2019/aug/28/huge-hoard-norman-coins-reveals-millennium-old-tax-scam

I'm not quite sure where the "tax dodge" comes in.

[Erpingham]

https://www.theguardian.com/culture/2019/aug/28/huge-hoard-norman-coins-reveals-millennium-old-tax-scam

I'm not quite sure where the "tax dodge" comes in.

The implication seems to be a moneyer paid a fee to the Crown for each die, rather than set of dies.  So, you could produce a new obverse with the new king while continuing with your old die for the reverse, making a saving.  I think that's the implication but it isn't clear.

[Duncan Head]

Ah, I see. Thanks.

[Tim]

The bit that struck me was the twice as many Harold coins as the total previously discovered in the whole of the UK. I do hope it goes on display at some point.

[Jim Webster]

What struck me was the comment "They soon had a bucket containing a staggering number of coins, probably worth millions of pounds. The total hoard value would have been enough to buy a flock of 500 sheep in 1067-68, but its precise value today has yet to be revealed."

You could probably look to buy 500 breeding sheep now for £60,000 at the most. Which if nothing else proves that if you're going for a long term investment, silver is better than sheep 

[Patrick Waterson]

You could probably look to buy 500 breeding sheep now for £60,000 at the most. Which if nothing else proves that if you're going for a long term investment, silver is better than sheep 

Although if you add in the respective breeding rates over nearly a thousand years, the sheep end up well ahead.

[Jim Webster]

You could probably look to buy 500 breeding sheep now for £60,000 at the most. Which if nothing else proves that if you're going for a long term investment, silver is better than sheep 

Although if you add in the respective breeding rates over nearly a thousand years, the sheep end up well ahead.

[Mark G]

A worrying comparison, Jim

[Erpingham]

I'm sure there is a biblical precedent for this.  If you bury your talent as opposed to investing it (e.g. in sheep) you rate as a worthless servant.

[Jim Webster]

I'm sure there is a biblical precedent for this.  If you bury your talent as opposed to investing it (e.g. in sheep) you rate as a worthless servant.

Interestingly the word used is trapezitais in Greek which is apparently 'tables' but means bankers.
The other two who doubled their money obviously didn't go to the bankers, but equally there is a general feeling within the industry that if they'd managed to do this with sheep, the presence of the miraculous within the tale would have detracted from the message 

[evilgong]

Hi there

>>>>>>>>>>>

Which if nothing else proves that if you're going for a long term investment, silver is better than sheep
>>>>>>>>>>>>>>>>>


It's been a long time since my family was into agriculture, but I suspect burying sheep for future use is not a good strategy.


Regards

David F brown

[Patrick Waterson]

It's been a long time since my family was into agriculture, but I suspect burying sheep for future use is not a good strategy.