Valeriy D. Berezutskiy*, Pavel M. Zolotarev**, Evgeniy A. Kutsev***
* Voronezh State Pedagogical University(berezytski1@rambler.ru)
** The Main Directorate of the Ministry of the Interior for Moscow (zolotarev_pavel@mail.ru)
*** The Rossosh Museum of Local Lore

The paper is a publication of a unique hoard discovered near the town of Ostrogozhsk in the Ostrogozhsk dis­trict of the Voronezh oblast on the right bank of the Middle Don. Judging from its contents, the hoard seems likely to belong to the final phase of the Pen’kovo archaeological culture of the early Slavs, i.e. the last third–the end of the 7th century AD.