Ancient gold coins worth £100k found in field by friends who burst into tears

This is the moment a businessman found a haul of gold coins worth an estimated £100,000 while looking for a friend's lost wedding ring with a metal detector.

Paul Raynard, 44, “broke down in tears” when he discovered the cluster of 84 coins dating back to the 1500s in a field near Ballycastle, Northern Ireland.

He was with his best friend 52-year-old Michael Gwynne and had only dug up a horseshoe and a 5p coin before they found the collection after 90 minutes.

Paul screamed to his pal "there's millions – this is the moment we dreamed of!” when he realised the scale of the find.

Lighting engineer Paul said experts have told him it could be the biggest haul ever found in Ireland and worth hundreds of thousands of pounds.

Just one of the hoard – an ultra-rare Henry VIII coin – is estimated to be worth £5,000 on its own.

Video footage of the moment Paul found the underground treasure shows him pulling out muddy coin after coin from beneath the soil.

He beamed at the Michael who is holding a phone struggled to contain his excitement.

Dad-of-two Paul, from Keighley, Yorkshire, said: ''I jumped up and down and ran down the field in tears to find Michael.

“It’s something I have dreamed of finding since I was a kid. It was an amazing feeling.
It’s like checking your lottery numbers and realising you’ve hit the jackpot.

“I saw one or two coins at first but had no idea of the size of the hoard to begin with.

“I went to fetch Michael who was across the field so we could share the moment together. I was shaking, I still can’t believe it now.”

Paul and Michael were in Northern Ireland for a short holiday when their friend recruited them to help find his missing wedding ring on October 29.

The coins have been sent to Ulster Museum for official identification and valuation by a team of experts.

It will take several months for the 84 coins to be valued in full, but Paul has said other experts have told him the whole hoard could be worth more than £100,000.

The earliest coin in the hoard is dated 1512, was made when Henry VIII was king and could be worth as much as £5,000 on its own, Paul said.

He added other coins – like one dated 1546, when the famed boy king Edward VI reigned – could be worth up to £3,000.

Many of the other 84 coins could fetch hundreds of pounds a piece if auctioned off.

Paul said he and business partner, Michael, usually study old maps looking out for signs of ancient settlements or battlegrounds where hoards may be buried.

He said: “We had just come back from a busy business trip to China and Michael said he knew of a nice little place we could go to in Ireland for us to take our detectors.

“But we only went to that field to try to find his mate’s wedding ring. He lost it and reckons it could be in the field somewhere.

“We didn’t find the ring and had only been there a couple of hours when we found the coins.

“I dug a small hole and there they were.

"I just could not believe it.”

Lighting engineer Paul has been interested in metal detecting since aged seven when his parents bought him a treasure island book as a present.

But he only took his hobby seriously when he turned 35 and purchased a £600 metal detector, capable of picking up gold and silver items buried up to 4ft below ground.

This discovery is Paul's most significant find and he has described it as a “once in a lifetime” discovery.

Paul added: “I’ve since found out it’s the biggest ever hoard to be found in Ireland.

“I’ve handed them all over to the museum to be properly identified and valued. It will take several months for that to happen.”

The value of the coins will be split equally between Paul and the landowner if they choose to sell the hoard on for cash, following the completion of the valuation process

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