Opening their treasures

(ανοιξαντες τους θησαυρους αυτων). Here "treasures" means "caskets" from the verb (τιθημ), receptacle for valuables. In the ancient writers it meant "treasury" as in 1Macc. 3:29. So a "storehouse" as in Matthew 13:52. Then it means the things laid up in store, treasure in heaven (Matthew 6:20), in Christ (Colossians 2:3). In their "caskets" the Magi had gold, frankincense, and myrrh, all found at that time in Arabia, though gold was found in Babylon and elsewhere.

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Old Testament