The first hoard was found in an earthenware pot buried about beneath the doorstep of the house at the corner of Old Buttermarket and St Lawrence Lane in
Ipswich, which had previously belonged to numismatist
James Conder (1763–1823), when it was demolished during road widening in 1863. It was reported as consisting of 150 coins, although only 75 are known now. The coins were all silver pennies of the reign of the Saxon king
Æthelred the Unready, minted in London and Ipswich. It is tempting to associate this find with the ravaging of Ipswich which took place in 991. However clues in the coins indicate that the hoard may have been deposited between 979 and 985. ==Second hoard (1968–69)==