Treasure appears widely in Old English verse, with very few poems not mentioning treasure in one form or another. In verse with a secular theme, from Beowulf to The Battle of Maldon, and even at the very end of the poetic tradition, in the Chronicle poem commemorating the death of Edward the Confessor, treasure is especially found in the context of gift-giving. In secular and religious verse alike, treasure, as a symbol for wealth, occurs in connection with transience. The topos of ‘the Just’ storing up more permanent treasure for themselves in Heaven (itself frequently described in terms of treasure) by doing good works and especially by giving alms appears widely in religious verse. As the critical interest in the moral connotations of treasure in Beowulf attests, treasure is a theme and image of central importance for the interpretation of Old English verse. This chapter will begin with a general exploration of the implication of the prevalence of treasure in verse for the nature of Old English poetics. I will then introduce an historical dimension by contrasting the representation of gold and silver and treasure-giving kings in Old English poetry with their representation in Old English prose and Anglo-Latin prose and verse. Finally, I will focus on the semantic fields and usage patterns of five key terms for treasure (maðm, hord, sinc, gestreon and frætwe). This move from a macro- to a micro-view will allow for the exploration of the mulitlayered conventionality of the treasure of Old English poetry.