Collector gets 50 grand of coins stolen from his truck

There's a news story at http://www.msnbc.msn.com/id/44922507/ns/local_news-philadelphia_pa/#.TpuCMZua_RU
that says a coin collector has had 50,000 dollars worth of coins stolen from his truck this morning. It was in Philadelphia, so if you are in that area, pay attention to what is being offered. Also I don't know if this collector gets on CT, but if he does we probably should learn if any of this is traceable (particular coins that can be identified), or just what was stolen, so that people in the area can be aware.

 

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$50,000 in coins swiped from collector’s car

I really hope this guy had his coins insured.

http://www.msnbc.msn.com/id/44922507/ns/local_news-philadelphia_pa/

 

That stinks. Hope they get the buggers.

 

Man, you guys must be sharin' the same wavelength tonite.........

http://www.cointalk.com/t193560/

Both posted at nearly the same time......

 

Cottman aint the kind of place I'd be driving my car through with $50k in coins.

 

If he did, it would be suspicious as an insurance scam.

 

I think its an insurance scam. Who the heck would actually leave 50K worth of anything lying in their truck? Sounds suspicious.

 

You callin' me a liar, Pilgrim?

You guys might be on to something........

 

Ever notice how many coin thefts are from cars? I found out the other day that even though my home insurance won't cover coins if they're not declared and covered before a theft, my auto insurance will cover a theft from my car.

 

If it were me, I'd have carried those bags into the shop, in a backpack or whatever. There's no way I'd leave $50 grand in coins lying around in an unattended truck!

 

A Load To Carry!!

It is interesting, that although a small ammunition can will hold ~$40,000 in 90% "junk silver", trust me, you won't want to carry it very far. On the other hand, a Gold Kilo bar having dimensions of 4 1/2' X 2" X 3/8" (or <1-1/2 rolls of AGE), and a melt value in excess of $50,000, can easily be carried in one hand.

A Gold coin dealer could comfortably carry, in a relatively small container, far in excess of $50,000, if they were dealing in bullion or Numismatic Gold coins.

I believe it is more common than one would think, for dealers to carry a $50,000 inventory when visiting a show. A singular certified Carson City double eagle can exceed that value.

 

Coins stolen from a pickup in PA

Does anyone have more information on this? I'm curious about what type of coins were stolen & am flagging this for attention of hobbyists in the area: http://www.msnbc.msn.com/id/44922507/

 

I would think being two bags of coins they were not of his higher grade.But then it would have a lot to do with the way he valued the coins and the size of the bags they were in.If he used the Redbook the bags were most likely the size of those stud smokeing tobacco came in.

 

The coins were supposedly in two bags-- we're not talking cases here. If the bags were that heavy, he should have had something to wheel them around with. If the bags were too heavy to carry in just a backpack, I would have used a suitcase carrier, which is what I have actually done on several occasions when I've had to carry heavy bags of coins. Certainly I would not have left the most expensive coins unattended.

 

Read more here:

http://www.cointalk.com/t193561/

 

I hear ya merc... the only place I drive through Philly is on I-95.

 

I've heard some horror stories about Philly since the '70s (including the famous firebombing of MOVE and surrounding residences in the '80s), and that was one reason why I decided not to stop by even though I wanted to visit the Mint and Independence Hall while I was traveling in the area many years ago. Is Philly really that bad?

 

I'll let merc answer that... personally, I'm not comfortable driving through certain areas. Center city is OK, along with parts of south Philly and the stadium complex. The show location was north of Philly in Trevose, which is fine. It's a nice little monthly show at the firehouse, and they've been doing it for years.

 

Be sure to avoid the Schuylkill (pronounced Sure Kill) Expressway. :devil: TC