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Divers in Caesarea find largest treasure of gold coins ever discovered in Israel

nickndfl

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Ragnarok

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And of course they didn't get to keep even one of them, right?

R.

.
 

luckabuck

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The Jews follow the "golden rule", which is stated as "those that have the gold, make the rules".
 

mtnman

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So, who's "Boating accident" was discovered?
 

Eyebone

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What is ,,(eleventh century CE).

I know BC, BCE, but what is that?
 

Eyebone

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That's why isreal exists, to store their swag.

Someplace they have never had before.
 

Krag

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Some miserly Hebrew didn't get to enjoy their swag of gold....

Those are Islamic, not Byzantine. Have no idea of the vintage.
 

AurumAg

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I wonder how well a stack of fiat FRNs would hold up after 1000 years at the bottom of the Ocean?
 

Krag

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As to the source of the gold coins there are a couple theories:

“The discovery of such a large hoard of coins that had such tremendous economic power in antiquity raises several possibilities regarding its presence on the seabed,” said Kobi Sharvit, director of the Marine Archaeology Unit in the statement. “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.

“Perhaps the treasure of coins was meant to pay the salaries of the Fatimid military garrison which was stationed in Caesarea and protected the city. 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.”

The Marine Archaeology Unit is planning to conduct a salvage extraction in the national park in hopes of answering exactly how the coins ended up off the coast of Israel.
http://www.kitco.com/news/2015-02-1...rly-2000-Ancient-Coins-Off-Israeli-Coast.html
 

Mujahideen

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What kart are those coins?
 

gringott

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The story leaves a lot out. First it was a Roman city. Then the Byzantine Christians held it. Then the Arabs took it in 639 and it shrunk. The Crusaders took it in 1101 developed the city, it was captured by Saladin in 1187 and back in Crusader hands in 1191 after King Richard the Lion Hearted kicked out the Muslims. Louis IX of France restored it and rebuilt the walls 1251-52. It fell to the Muslims for the final time in 1265.

The story in the OP states "The IAA reported that the earliest coin exposed in the treasure is a quarter dinar minted in Palermo, Sicily in the second half of the ninth century CE. Most of the discovered coins belong to the Fatimid caliphs Al-Ḥākim (996–1021 CE) and his son Al-Ẓāhir (1021–1036), and were minted in Egypt and North Africa."

Based on the dates of the coins, it could very well be Crusader treasure being transported to Crete, a stopping off place for return from Palestine in those days. They could even be Templar treasure, I don't think it would be odd for them to have 100 year old gold - of course, any treasure or booty they took would be local coins not Northern European.