British auctioneer faces jail for falsely selling rare coins from Palestine

A documentary from the BBC, Treasure Hunters, told the story of the coin hoard’s discovery and what happened next. (YouTube)
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Updated 27 August 2023
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British auctioneer faces jail for falsely selling rare coins from Palestine

  • Richard Beale sold ancient Greek coins found by Gaza fishermen in 2017 despite knowing they were stolen
  • Director of auction house Roma Numismatics became the subject of a BBC investigation in 2020

LONDON: A British auctioneer has pleaded guilty to numerous charges relating to the sale of rare ancient coins, including a hoard discovered by Palestinian fishermen, the BBC reported on Sunday.

Richard Beale, director of auction house Roma Numismatics, is on trial in New York, where he admitted two counts of conspiracy and three counts of criminal possession of stolen property.

Among the coins he has admitted to falsifying the provenance of are silver decadrachms from the Gaza Hoard, discovered in 2017 by Palestinian fisherman and dating back to the era of Alexander the Great. Before the hoard was discovered, only 20 Alexander decadrachms were known to be in existence, but the new find disappeared shortly after its discovery, becoming the focus of a BBC investigation in 2020.“They are in the hands of people who don’t know what these (coins) are, why they are here and what they represent for our country. It’s very painful,” Fadel Alatol, a Gaza-based archaeologist who identified the coins when they were found, told the BBC in 2019.

Months later, at least 19 coins appeared for sale at private auction houses, including 11 sold by Roma Numismatics. One went for $127,300.

The BBC confronted Beale in 2020, who claimed to have been provided with certification confirming the coins’ provenance.

However, he admitted to the New York court this month that he knew the provenances of the decadrachms were false when they were sold, that they had come from the Gaza Hoard, and that he had continued selling them even after the BBC approached him.

Beale also admitted to having agreed in 2015 to sell the Eid Mar, the world’s most expensive coin, despite its unknown origins, in 2015.

He falsified its place of origin to avoid it being confiscated by US customs and, having paid $490,000 to acquire it with an Italian business partner, the coin was sold in the US for $4.19 million in 2020.

Judge Althea Drysdale called Beale’s actions “woefully wrong and illegal.” He is due before New York’s Supreme Court in March 2024 and faces up to 25 years in prison.


Rubio says technical talks with Denmark, Greenland officials over Arctic security have begun

Updated 29 January 2026
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Rubio says technical talks with Denmark, Greenland officials over Arctic security have begun

  • US Secretary of State on Wednesday appeared eager to downplay Trump’s rift with Europe over Greenland

WASHINGTON: Technical talks between the US, Denmark and Greenland over hatching an Arctic security deal are now underway, Secretary of State Marco Rubio said on Wednesday.
The foreign ministers of Denmark and Greenland agreed to create a working group aimed at addressing differences with the US during a Washington meeting earlier this month with Vice President JD Vance and Rubio.
The group was created after President Donald Trump’s repeated calls for the US to take over Greenland, a Danish territory, in the name of countering threats from Russia and China — calls that Greenland, Denmark and European allies forcefully rejected.
“It begins today and it will be a regular process,” Rubio said of the working group, as he testified before the Senate Foreign Relations Committee. “We’re going to try to do it in a way that isn’t like a media circus every time these conversations happen, because we think that creates more flexibility on both sides to arrive at a positive outcome.”
The Danish Foreign Ministry said Wednesday’s talks focused on “how we can address US concerns about security in the Arctic while respecting the red lines of the Kingdom.” Red lines refers to the sovereignty of Greenland.
Trump’s renewed threats in recent weeks to annex Greenland, which is a semiautonomous territory of a NATO ally, has roiled US-European relations.
Trump this month announced he would slap new tariffs on Denmark and seven other European countries that opposed his takeover calls, only to abruptly drop his threats after a “framework” for a deal over access to the mineral-rich island was reached, with NATO Secretary-General Mark Rutte’s help. Few details of the agreement have emerged.
After stiff pushback from European allies to his Greenland rhetoric, Trump also announced at the World Economic Forum in Davos, Switzerland, last week that he would take off the table the possibility of using American military force to acquire Greenland.
The president backed off his tariff threats and softened his language after Wall Street suffered its biggest losses in months over concerns that Trump’s Greenland ambitions could spur a trade war and fundamentally rupture NATO, a 32-member transatlantic military alliance that’s been a linchpin of post-World War II security.
Rubio on Wednesday appeared eager to downplay Trump’s rift with Europe over Greenland.
“We’ve got a little bit of work to do, but I think we’re going to wind up in a good place, and I think you’ll hear the same from our colleagues in Europe very shortly,” Rubio said.
Rubio during Wednesday’s hearing also had a pointed exchange with Sen. Tim Kaine, D-Virginia, about Trump repeatedly referring to Greenland as Iceland while at Davos.
“Yeah, he meant to say Greenland, but I think we’re all familiar with presidents that have verbal stumbles,” Rubio said in responding to Kaine’s questions about Trump’s flub — taking a veiled dig at former President Joe Biden. “We’ve had presidents like that before. Some made a lot more than this one.”