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May 25, 2013 -- Updated August 06, 2012 22:27 HKT

Israel Treasure Found: Egyptian Gold


paul@livetradingnews.com
Posted on: Aug 6th, 2012

Treasure Hunter: 700 anni cache of Gold coins found in Israel

A rare cache of buried Gold coins was uncovered in an Israeli coastal city, in what appears to be 1 of the largest-ever such finds.

The stash, valued at over US$100,000 and weighing 400 grams, was unearthed at the 13th century fortress at Apollonia Park, about 25 km north of Tel Aviv, by a joint Tel Aviv University (TAU) and Nature and Parks Authority team, the Ha’aretz daily reported Sunday.

The lot consists of 108 Gold coins, 93 of them comprised of 4 grams of Gold and 15 coins comprised of 1 gram of Gold each. The coins were minted in Egypt some 250 yrs before being buried in the fortress’ floor.

The excavation began 3 yrs ago to prevent the collapse of a slowly disintegrating seaside cliff.

Since then, the diggers have discovered numerous findings shedding light on the Crusader Period and of the fortress’s last days.


Other findings include hundreds of arrow heads and catapult stones from the battle in which the Mamlukes, members of a military castle who controlled Egypt from the 12th to the 16th century, conquered the castle from the Crusaders, and remains of glass utensils from Italy.

Researchers assume 1 of the fortress’ leaders hid the treasure in a bid to prevent the Muslim conquerors from finding it, and maybe hoping to retrieve it again someday.

“I believe that the stash was deliberately buried in a partly broken vessel, which was then filled with sand and laid under the floor,” said the head of the Apollonia digging team, TAU Professor Oren Tal said in an statement published Sunday.

“So if anyone found it, he would think it’s a broken pot and pay no attention.” However, “The findings indicate a prolonged siege and a harsh battle that took place at the site,” Oren added.

The fortress on the coastline and the city beside it were ruled by the Christian Order of the Knights Hospitaller. It was one of the most important Crusader strongholds in the center of the country during the 13th and 14th Century.

In March 1265, Mamluke Sultan Baybars stormed the city and captured it after 40 days of siege. The site, abandoned in ruins, has not been inhabited since.

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Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com

Singapore

3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699

 Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

 

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Posted by on Aug 6th, 2012and filed underBoating & Yachting, Connoisseur's Club, Latest News.You can follow any responses to this entry through theRSS 2.0You can skip to the end and leave a response. Pinging is currently not allowed.
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