Hoard of Crusader gold found in ruins

This fascinating find is the first of its kind, says Prof. Oren Tal, director of the excavation and Chairman of TAU's Department of Archaeology and Ancient Near Eastern Cultures. "The scientific value is unprecedented. This is the first hoard of gold coins that we have in Israel that we can date to the Crusader period."

Prof. Tal believes that the coins provide an important clue to how large-scale economic transactions were made in the Crusader period. "They were not afraid to use older coins in order to complete large transactions and run large-scale businesses," he said, indicating that this "pot of gold" may be one of a group hidden in the castle, remnants of Arsur's role as a business center where industrial and agricultural goods were traded.

Crusader economics

According to Prof. Tal, the discovery adds to the debate over gold circulation during the time of the Crusades, a series of military incursions into the region to establish Christianity. It puts Fatimid-period coins, minted by Egyptian Sultans in the 10th and 11th centuries, in a Crusader context. Their use of gold from an earlier period is somewhat surprising, given the importance placed on coin minting.

Typically, societies mint their own coins, especially for the completion of large transactions, because it impacts more than just economics -- it has marketing and public relations value. From a social and political standpoint, the minting of coins shows that a culture has the wealth and ability to make its own currency, feeding into a sense of independence as a people, cultural self-definition, and a collective identity, explains Prof. Tal.

Though historically priceless, the actual cash value of the coins is difficult to pin down, says Prof. Tal. A document found in the Cairo Genizah hints at the worth of the hoard, suggesting that two gold dinars, the face value on the coins that were found, can provide sufficiently for an extended family for one month.

Assuming the extended family includes a father, mother, sons, daughters, and their spouses and children, this could include 12 to 24 people. If 20 people can make their living for a month on two gold coins, the horde that was discovered could sustain 50 families for 30 days, or five families for approximately one year, all depending on the standard of living.

A time capsule

Arsur is a perfect time capsule due to its short period of occupation, says Prof. Tal. The findings from the castle, which in addition to the coins include items such as pottery, glass and metal objects, arrowheads, and catapult stones, are a window into a specific historical period. They help researchers to develop a working knowledge of the material culture of the Crusaders, and provide clues to interactions between the Islamic and Christian worlds.

The seigniory of Arsur was leased to the Military Order of the Hospitallers in 1261. The Order originally arrived in the Holy Land in the 12th century as a group of orderlies serving European pilgrims. As evidenced by their use of the castle as a storage place for their profits, Arsur was one of their most important strongholds. In 1265, the castle was attacked by the Egyptian Sultan Baybars, and after withstanding a 40-day siege, the castle was eventually conquered. It has remained uninhabited since then.