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Boy Finds £2.5M Gold Locket With Metal Detector

Posted by samzenpus on from the all-that-glitters dept.

Instead of bottle caps and ridicule from his peers, 3-year-old James Hyatt found a locket worth millions with his metal detector. James and his dad found the gold locket last May in Essex. Since then the 500-year-old treasure has been appraised at around £2.5million. From the article: "James’s father Jason, 34, said: ‘My son is one of the luckiest people ever. If we go to the doctors he’ll put his hand down the side of the sofa and pull out a tenner.’"

1 of 169 comments (clear)

  1. Treasure Act of 1996 by Sonny+Yatsen · · Score: 5, Informative

    Under the British Treasure Act of 1996, such a find like this belongs to the Crown. However, the boy may be compensated as a reward by the Secretary of State.

    http://www.legislation.gov.uk/ukpga/1996/24/section/10

    Section 4 of the Treasure Act

    (1)When treasure is found, it vests, subject to prior interests and rights—

    (a)in the franchisee, if there is one;

    (b)otherwise, in the Crown.

    --
    My postings are informational and does not constitute legal advice. Act on it at your risk.