This is what bothers me about their law. Seems ridiculous that they would fine you or throw you in jail if you don't report your find to the "coroner". Three months in jail for not reporting something? I can just picture the poor guy in jail now:
"So, bloke, what are you in for?"
"I found a rusty sword metal detecting and didn't report it to the coroner. Turns out, they're claiming it once belonged to King Arthur's third cousin, so it's a historic find!"
(All the other prisoners immediately back away from this very bad man! Lol!)
There is the old saying :"A little knowledge is dangerous "
This is you and many other's beliefs and opinions regarding the PAS.
There's many countries that are 100% "It's the government's and therefore you hand it over."
From doing 8 tours and the approximate 1000 accumulated hours if detecting I found one treasure and one gold coin.
Both were recorded and returned to me.
Basically anything over 300 yrs old that has a 10% gold or silver content has to be reported to the finds liason within 14 days.
It's recorded and if deemed a treasure the British Museum has first right. If they want to buy the treasure.
It goes to the coroner for appraisal then an offer is presented to the finder and landowner, which can be appealed.
This rarely happens as they have enough in the storage bins and funds are limited.
The Treasure Act
https://share.google/5UtcfMjWDtLRuafO6
The following finds are Treasure under the Act, if found after 24 September 1997 (or, in the case of category 2, if found after 1 January 2003):
Any metallic object, other than a coin, provided that at least 10 per cent by weight of metal is precious metal (that is, gold or silver) and that it is at least 300 years old when found. If the object is of prehistoric date it will be Treasure provided any part of it is precious metal.
Any group of two or more metallic objects of any composition of prehistoric date that come from the same find (see note below).
Two or more coins from the same find provided they are at least 300 years old when found and contain 10 per cent gold or silver (if the coins contain less than 10 per cent of gold or silver there must be at least ten of them). Only the following groups of coins will normally be regarded as coming from the same find: Hoards that have been deliberately hidden; Smaller groups of coins, such as the contents of purses, that may been dropped or lost; Votive or ritual deposits.
Any object, whatever it is made of, that is found in the same place as, or had previously been together with, another object that is Treasure.
Any object that would previously have been treasure trove, but does not fall within the specific categories given above. Only objects that are less than 300 years old, that are made substantially of gold or silver, that have been deliberately hidden with the intention of recovery and whose owners or heirs are unknown will come into this category.
Note: An object or coin is part of the 'same find' as another object or coin if it is found in the same place as, or had previously been together with, the other object. Finds may have become scattered since they were originally deposited in the ground.
If found on or after 30 July 2023, a find may be potential Treasure if it does not meet the above criteria but is made at least partially of metal, is at least 200 years old, and provided exceptional insight into an aspect of national or regional history, archaeology or culture by virtue of one or more of the following:
its rarity as an example of its type found in the United Kingdom
the location, region or part of the United Kingdom in which it was found, or
its connection with a particular person or event
A find may also be Treasure if it does not, on its own, provide such an insight, but is, when found, part of the same find as one or more other objects, and provides such an insight when taken together with those objects.
What should I do if I find something that may be Treasure?
You must report all finds of potential Treasure to a coroner for the district in which they are found either within 14 days after the day on which you made the discovery or within 14 days after the day on which you realised the find might be treasure. Your local Finds Liaison Officer can assist you in determining whether a find constitutes potential Treasure and can report the find to the coroner on your behalf.
FTB I hope this explains the process a little better. Yes it's still looking in your pouch, yes it's better than a total ban.