Gold provides (belated) store of value

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http://www.britishmuseum.org/the_museum ... hoard.aspx

The coins are thought to have been buried in 1940 when Mr Martin Sulzbacher and his family were resident in the Hackney property. A German Jew who had fled persecution in Nazi Germany, Mr Sulzbacher was interned as an ‘enemy alien refugee’ first in Seaton, Devon. He was then sent to Canada on the ill-fated “Arandora Star”? but the ship was torpedoed on the way. Rescued after many hours in the water, he was then sent to Australia on the “Dunera”?. At the end of 1941 he was sent to the Isle of Man and eventually released. His wife and four children were sent to the Women’s Internment Camp in the Isle of Man.
The gold coins had originally been kept in a safe in the City of London but after 1940 Mr Sulzbacher’s brother took the precaution of transferring the coins from the city safe and burying them in the back garden. At the time the threat of invasion was at its height and the family feared the Germans would break open safe deposits as they had done in Amsterdam should the invasion be successful. His brother told a family friend what he had done and the friend had asked him to let him know the exact spot in the garden where the coins had been buried. He replied that since there were five family members who knew the spot there was no necessity to reveal the location of the coins. Unfortunately, on the 24th September 1940, the house received a direct hit in the Blitz and all the five members of the family were killed.

On his release Mr Sulzbacher went to the safe in the city and to his horror found that the safe was empty. The family friend then told him what had happened and so he arranged for the garden to be searched but without success, he was unable to locate the coins. However, the current case represents a second discovery of Martin Sulzbacher’s savings. In 1952 as work commenced on a new building on the site of Mr Sulzbacher’s house, a hoard of 82 $20 American gold coins dating to 1890 was discovered in a glass jar on the same site. The hoard was awarded to Mr Sulzbacher by the coroner at the time.

If the Coroner decides that Mr Sulzbacher has a superior claim to the current coin hoard they will not qualify as Treasure according to the terms of the Treasure Act 1996, on the grounds that in order for objects to be classed as such, their owner or his or her heirs or successors must be unknown. Mr Martin Sulzbacher passed away in 1981 but the coroner’s office, the British Museum and the Museum of London have worked together to track down his son, Mr Max Sulzbacher who lives abroad, as do his siblings.

Mr Sulzbacher said ‘I am surprised but delighted by the recent discovery, which has come to light almost 70 years after the coins were buried. I am very grateful to the finders for reporting the coins to the Portable Antiquities Scheme and the Museum of London, and to the member of the public who alerted the coroner to the 1950s discovery’.