The 400 square metre dig has so far yielded braided necklaces, pearls, brooches, a Thor's hammer, rings and up to 600 chipped coins.
Jewellery linked to the era of Danish King "Harald Bluetooth", Gormsson, who lived in the 10 century, has also been found on a German Island.
For the first time, two Amateur archaeologists found a silver coin in January of this year in a field near the German settlement Schaprode.
The state archaeology office then became involved and the entire treasure was uncovered by experts over the weekend, the Mecklenburg-West Pomerania state archaeology office said. But when they cleaned it, they understood it was more precious.
"This was the (biggest) discovery of my life", hobby archaeologist Rene Schoen told the German news agency dpa. According to the Guardian, the oldest of the coins comes from the year 714, while the most recent one dates back to the year 983.
His nickname - from one dead tooth that looked bluish - is now best known for the wireless Bluetooth technology invented by Swedish telecom company Ericsson. This is because of his impeccable communication skills which helped him unite modern-day Norway, Germany, Sweden and Denmark.
The technology, developed to wirelessly link computers with cellular devices, was named after Bluetooth because of his knack for unification. He died a year later in A.D. 987.
Because they stayed silent concerning their original sighting, the full treasure trove was retrieved. Back in 2015, a man discovered Roman-era coins, mosaic glassware, and hobnails from a pair of shoes and last year, four 2,000 year gold torques were unearthed in England.
"We have here a rare case, when a discovery seems to be related to historical sources", says the chief archaeologist of Mecklenburg-Vorpommern, Detlef Jantzen. It is also dated to the reign of Harald Bluetooth.