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Isreali Diving Club Find Record Trove of Gold Coins in Mediterranean

  • Monday, 02 March 2015 00:00
  • Written by  Fresno Estate Sales

JERUSALEM – Scuba divers have discovered the largest trove of gold coins ever found off Israel’s Mediterranean coast — about 2,000 pieces dating back more than 1,000 years, the country’s antiquities authority said Tuesday. “The largest treasure of gold coins discovered in Israel was found in recent weeks on the seabed in the ancient harbour in Caesarea,” the authority said in a statement.

It was by pure chance that members of a diving club in the Roman-era port had come across the coins, which the authority said weighed nine kilograms (almost 20 pounds) but described as “priceless”. “At first they thought they had spotted a toy coin from a game and it was only after they understood the coin was the real thing that they collected several coins.

Kobi Sharvit, director of the marine archaeology unit at the Israel Antiquities Authority, said excavations would be carried out in the hope of shedding more light on the origin of the treasure. “There is probably a shipwreck there of an official treasury boat which was on its way to the central government in Egypt with taxes that had been collected,” said Sharvit.

“Another theory is that the treasure was money belonging to a large merchant ship that traded with the coastal cities and the port on the Mediterranean Sea and sank there,” he said. The Israeli Antiquities Authority declined to put a cash value on the coins, which it said had been exposed as a result of winter storms.