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by comeonbro 993 days ago
I'm skeptical of "full market value" for unique items for which there is no public market.
1 comments

There’s a committee[0] and I guess Roman coins are one of the easier artifacts to value as there actually are public markets for them[1].

If you, as a finder, disagree with the valuation, you can “send your own valuation for the committee to consider”, which sounds like an interesting process to navigate. I imagine you’d have to find a credible alternative buyer who’d be willing to pay a higher amount.

[0] https://www.gov.uk/government/organisations/treasure-valuati...

[1] https://www.vcoins.com/en/coins/ancient/roman-coins-2.aspx?c...

The article lists several unique items which are not coins, including one unique enough to have its own wikipedia page in 6 languages.

Pretty much by definition, its "full market value" cannot be determined by a committee.

One of the cases a societies right of access to culture heritage trumps an individuals right of pursuit of monetary gain.
Yes, I am open to the possibility that confiscation by the state (with compensation) in the interest of national heritage may be the right thing to do in such cases, I'm just, as I said, skeptical of the claim that "full market value" for completely unique things that have never been on the market can be determined by a committee; and that interests of the farmer and the interests of the government are as blissfully aligned as was claimed.
This is a fair comment - price calculation is one of the main services the free market provides and I am also skeptical that a committee can perform that service to the same standard.