520-year-old coin found in Newfoundland

https://www.yahoo.com/news/rare-520-old-coin-found-173015724.html

Really interesting story.
It makes me wonder several things:
- Who owns this artifact? I would hope it eventually finds its way to a place where all Canadian citizens can appreciate it.
- What was the normal circulation lifetime for such a coin in 16th century England? The indication is that it must still have been legal tender a century after its issue. Unless it was a sentimental item lost by the poor guy (or buried with him?)
- What was the oldest coin found in an U.S. colonial environment?

(Enquiring minds want to know)

In the colonial Americas, as the world over, there was any kind of money one could get ones hands on, and many imaginative not geld as appears everywhere and time, -
A real piece of silver was respected as such and circulated, weighed and assayed in the market, regardless of monarch imprinted.

Verweis : "tdziemia"​It makes me wonder several things:
​- Who owns this artifact? I would hope it eventually finds its way to a place where all Canadian citizens can appreciate it.

As you can read in the article​, the coin is expected to go on display at the site where it's found in the 2022 tourist season. So that "eventually" could be much sooner than you expect:

I was just thinking that Newfoundland is pretty far removed from most of Canada's population. So I was thinking more along the lines of a national museum.

But if the archaeological site is a major tourist draw (for instance, like Jamestown in the US.), then I can understand the desire to keep this artifact there.

Looking in my Seaby, it seems the mintmark could be Tun (But its so worn, its hard to be sure). If so this mintmark was used at Canterbury mint in 1493 - 1495 and York mint (Ecclesiastical mints run by the Archbishops of Canterbury and York) from 1495 to 1498 and 1503 - 1507.

There is a very small chance, this coin was dropped or lost by someone on the "Matthew" which arrived in 1497 or slightly later. The coin is quite worn, but hammered low denomination pieces like this wore quickly and my guess it would hardly last more than 20 or 30 years (Although such hammered coins could last 100 or more years - the great recoinage of 1695 - 1700 as instituted by Sir Isaac Newton as master of the mint - saw piles of clipped and worn hammered coins dating back as far as the 1540s - or some 150 years and many examples of Elizabethan coins from the 1560s and 1570s).

This coin is clipped and my guess is it was probably at least 20 years used when it arrived, making it as late as 1525 - so its possible it came with Basque fishermen in the 1550s (Trade saw Europeans circulate silver coins all over the place or Jacques Cartier in 1524).

It is possible too, it came with Amerigo Vesupucci in 1499/1500 - either way the possibilities suggest the coin was likely lost before 1550 in my opinion. Also as from 1545 to 1552 - Britain went through a debased coinage thanks to Henry VIII's endless wars with France and British coins became base and real silver pieces like this would have been cherished.