you can also contest the valuation given if you do not think its fair, by getting and then submitting an Independent valuation or two.......
Fantastic little find!!!!
Edit- can we see the reverse.....? Cheers for sharing
Coolpoundcoin wrote:I'm in a club so she will be at our next meeting was gonna hand them in then
Get a independent valuation and give it to your FLO at the same time so they can submit it all together to the treasure committee, it wont hurt.....
still hope you get them handed back to you, as they are lovely
Yes to be fair they do look stunningpoundcoin wrote:I know there is one in British museum but it's just one and not has good as these
As I say get a valuation and give it to your FLO to submit with them
Congrats on the find
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The TVC over the years have handed out some stupidly low valuation on some stunning finds and as a result of people being 'cheated' out of a fair valuation they tend to be on the 'cautious' side of handing items in.
These are just my observations and my personal thoughts,and we do in the UK have a system that needs to be complied with,but like most systems they are not 100% perfect and not everyone complies with it
As to valuation it is a waste of time to give them to the FLO as all they will do is pass the item onto the BM at some point and paper work can go astray. You need to submit valuations direct to the TVC should your item proceed to valuation and not be disclaimed. You will be kept up to speed on progress by letter and you will be informed when the item is going to be valued following reports and so on and have plenty of time to put your points in writing. Challenge is built into the system to make it as fair as possible which is a far cry from the system in many of our EU partners for example where a reward may be paid as a percentage of the value or confiscated because detecting is illegal. Many may moan about our system, but i challenge anyone to show me a better one.
The procedure can be long winded and can be delayed even more if valuations are submitted without proper reasoned argument why the finders valuer considers the item to be worth X because of this reason and that reason. Too often finders get valuations from club members, local antique dealer or even the bloke in the pub who are unable to back up their valuation with evidence the TVC can consider. All that the TVC will do when faced with uncorroborated valuations is delay the process and ask the finder and valuer for more details for the next meeting. The TVC valuation is not an offer it is the figure arrived at by consensus of opinion from the details supplied by expert valuers to the TVC members.
As to the accuracy of valuations given by the TVC i can only add that there are many opinions of what an item is worth even if it is not one that is classed as Treasure. Every dealer for non treasure items has their own idea of worth and many will try and buy items at the lowest price they can get away with which is a fact of life as these people are trying to make a profit. However Treasure items are valued on an expected market value based on a figure that could be expected to be achieved at auction between a willing buyer and a willing seller which is a very different figure that could be expected from a dealer who is looking to make a profit. An auction house makes its profit from commissions paid by the seller and buyer and so it is in their interest to get the highest price whereas a TVC valuation does not have any commission reduction taken into account when arriving at a valuation so it will be higher than an auction value with fees deducted.