A young child picked up a piece of gold that had been lost

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As-Salaamu-Alaikum wa Rahmatullahi wa Barakatuh. (May Allah's Peace, Mercy and Blessings be upon all of you)
One of our brothers/sisters has asked this question:
We were at the sea-side and my son brought me something shiny that turned out to be a piece of gold. What should we do with it?
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Answer:

Praise be to Allaah.

If a young child or a person who is insane finds something that has been lost, and picks it up, then his guardian should take on the responsibility of identifying its owner in his place. The guardian should take it because they are not qualified to be entrusted with it or to take care of it. If he leaves it in their hands and it gets damaged, he will be held responsible because he neglected it. If the guardian (of the child or insane person) announced it and tried to identify the owner, and nobody comes forward to claim it, then it belongs to the child or insane person, as is the case of the adult or sane person [who finds lost property]. For more details on the rulings pertaining to lost property see Question # 5049

Whatever written of Truth and benefit is only due to Allah's Assistance and Guidance, and whatever of error is of me. Allah Alone Knows Best and He is the Only Source of Strength.

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