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The Treasure Act 1996 is a UK Act of Parliament, defining which objects are classified as treasure, legally obliging the finder to report their find. It applies in England, Wales and Northern Ireland .
A treasure trove is an amount of money or coin, gold, silver, plate, or bullion found hidden underground or in places such as cellars or attics, where the treasure seems old enough for it to be presumed that the true owner is dead and the heirs undiscoverable.
Unowned property includes tangible, physical things that are capable of being reduced to being property owned by a person but are not owned by anyone. Bona vacantia (Latin for "ownerless goods") is a legal concept associated with the unowned property, which exists in various jurisdictions, with a consequently varying application, but with origins mostly in English law.
Some states have rejected the American common law and hold that treasure trove belongs to the owner of the property in which the treasure trove was found. These courts reason that the American common law rule encourages trespass. Under the traditional English common law, treasure trove belongs to the Crown, though the finder may be paid a reward.
Exclusive: Entrepreneur Jon Collins-Black tells Kevin E G Perry about putting $2 million of his own money into the treasure hunt contained in his new book ‘There’s Treasure Inside’
Treasure trove tied to infamous 1692 massacre discovered by student in Scottish home. Brendan Rascius. October 10, 2023 at 6:42 PM. Photo from Gareth Beale, University of Glasgow.
Treasure that has been found at sea is not dealt with by the law of treasure trove, but by the law of salvage which is a branch of admiralty law. Articles relating to this topic should therefore be placed in " Category:Treasure from shipwrecks ".
The Treasure Valuation Committee (TVC) is an advisory non-departmental public body of the Department for Culture, Media and Sport (DCMS) based in London, which offers expert advice to the government on items of declared treasure in England, Wales, and Northern Ireland that museums there may wish to acquire from the Crown.