141 Roman gold coins found in Luxembourg
An exceptional deposit of 141 Roman gold coins dating to the late 4th century has been unearthed near Holzthum in northern Luxembourg. The coins are gold solidi struck during the reigns of nine emperors who reigned between 364 and 408 A.D.
Three of the 141 solidi were issued by Emperor Eugenius whose coins are rare because he reigned for only two years (392-394 A.D.) and was never acknowledged as western emperor by the eastern emperor Theodosius. Eugenius was installed by the powerful general of Frankish origin Arbogast after the previous emperor, Valentinian II, was found hanged in his bedroom under mysterious circumstances. Theodosius had appointed Arbogast Valentinian II’s guardian, and he looked askance upon the death and replacement shenanigans.

(These events don’t make Eugenius an usurper, I’ll note, despite the claim made in the press release about the gold solidi. If being installed by powerful military leaders made a Roman emperor an usurper, there would hardly be a legitimate one on the list. It seems to me that if anyone was usurping the western throne, it was Theodosius giving his puppet baby the title.)
In the late 4th century when the solidi were struck, Luxembourg was part of the Roman province of Gallia Belgica, but the Franks were moving in in large numbers, wresting control from the old Gallic tribes. Roman forces left the territory in 406 A.D., right around the time when the last of the coins were issued. The coin deposit is unique on the archaeological record of Luxembourg.

They did not dig them up, thankfully. Instead, they informed the authorities and Luxembourg’s National Institute for Archaeological Research (INRA) carried out professional excavations at the site from 2020 through 2024. The two original finders were invited to be part of the excavation team, much to their delight. The announcement of the finds was kept quiet until last month to prevent looters descending upon the site.
In order to ensure that all the buried objects were discovered, the excavations were carried out with the utmost care and extended over several years. These operations also had to take into account the specific dangers of the region, due to the presence of numerous munitions and explosive devices dating from the Second World War. For this reason, the archaeologists collaborated with the Luxembourg Army Mine Action Service (SEDAL).
In addition to the coin deposit, the excavations also discovered the remains of a late Roman burgus, a small fortified observational tower found most commonly on the Germanic borders of the Empire in the 4th century, with several graves around it.
The gold solidi are in excellent condition and because they include very rare examples, INRA experts have evaluated the value of the coins at 308,600 euros, approximately $322,000. The Ministry of Culture has paid the valuation sum as a finder’s fee to the landowner and acquired the coins for the nation. The ministry is working with INRA to plan where and when they will go on public display after they are fully processed, conserved and studied.
* This article was originally published here
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