So, just having the coin isn't good enough, and just having the coin in a slab isn't good enough, and just having the coin in a slab that you prefer isn't enough -- it's also gotta be properly tracked in a database that you don't control, mediated by customer service people that can't be bothered to help you?
Wow! You really have done Yeomans' Duty. Thanks for` sharing with us. I thought NGC was bad where a coin had to be sent back 3 times after multiple phone calls, etc., which never did get resolved. A 1945 Micro S full complete bands Mercury dime.
Pretty much every crime with a few exceptions has a statue of limitations where you can no longer be charged no matter what once the time passes. Stolen property is something like 3 years so you wouldnt have to worry about that at all. Realistically they wouldnt do it anyways unless they can prove you were the one that stole it
A statute of limitations applies to criminal charges. The property is still the rightful possession of the owner.
Maybe I can clarify the purpose (or more properly lack of purpose) of my Post: But, thank you for explaining to me.
seeing quite a few of these on Ebay recently. Thankfully I always verifiy.. if that error comes up I assume it's stolen and that's the end of me buying it. Just on my most recent coin (the 1880 in the GTG) I liked and verified 3 different coins before finding the one I bought.. all 3 of the others came up with that error so were a no go for me.
Lost database is a lot different than reported stolen. Is PCGS admitting a certain range of serial numbers has been lost? If so fine. There are lost. Or is PCGS identifying the lost range of numbers as being stolen? Lost serial numbers is not good but not stolen. Serial number (and coin) reported as stolen is stolen. Which is it? Not sure why words are being minced. Did I miss something?
I believe if you read the report, it appears that declarations support a recording system problem where too many required variables/individuals/etc. have occasionally created a virtually overwhelming "lost" system. A seemingly normal system designed by a "team"! JMHO
The coin was reported stolen some time ago. My friend got the coin off ebay from whoever. But can't send it to cac with the cert being invalid. I just made this post to inform others not to buy if that cert doesn't come back. Because I chose to pass on this auction but my friend didn't. And this is what happened in this case.
The seller said they bought it over the counter in their shop, they were not aware of the stolen status, and that your friend is welcome to return it. I don't think that explains whst happens next.
I whst it did esplain, tho. My toof hurds, it bwoke. Don't punish me I can't find my left Snoopy Slipper.
Depends on individual state laws. My state it's 5 years as a statute of limitations on "recieving stolen property" the criminal charge. Also, it's "finders keepers" unless you can make a valid claim to it to prove that exact item was yours and have reciept for it and that it wasn't abandoned along the way, and even then, you have to reimburse the purchaser of the item and negotiate a fair settlement to get the coin back. Possession is everything here. "Florida courts have ruled that police may no longer recover stolen property from pawnshops and return it to a victim of crime without providing the broker an opportunity of a hearing. If your stolen property is found in a pawnshop, you may decide to purchase it back or obtain a court order to recover the property." What this means is, if it has value, insure it and take your insurance payout and let the insurance company deal with recovering the stolen items. That's one of the things their stable of lawyers are for. If it's not insured, your best course of action is negotiating buying it back from the person that bought it, this pawn shop rule applies to coin shops and anyone else that buys used from random people. if you hold receipt to it, it's yours and the person has to conclusively prove in court it was theirs, and even then, the determination would likely be "pay him what he paid for it". Police down here can't just come in and take items off store shelves that were claimed as "stolen" anymore. they have a reporting system for new buys, if something hits, they contact the two parties, the shop and the person that was the victim of theft, and if that person wants the item back, he must pay the shop owner for it, or have meticulous records proving that exact item. I don't know how to address this particular situation of the OP. I guess it would depend on the length of time that has passed since it was reported stolen, if it was reported stolen to PCGS only, or officially with the police and insurance, Probably just best to return it to the seller to avoid any of the mess landing on you. However, if it was a decade or more ago. it's likely nobody has a valid claim to it anymore, in which case, crack it out and resubmit it to PCGS, then send it off to CAC. Most people move on after a period of time after a theft. gone is gone. people also report things stolen for insurance claims, and then it turns up years later, you think that person wants to pay back the insurance company for the item? Maybe the insurance company wants it since they paid for it, but they aren't going to go out of their way to locate stolen items either. I feel like after enough time this falls into the "salvage" or "junk" title category, like vehicles found in storage lockers that was auctioned, maybe they were there to dodge the repo man. who knows. you bought it, you have a receipt for it, you own it. What if someone has their coins in storage, forgets to pay the bill, it gets auctioned, and then calls PCGS and reports the slab numbers stolen, but doesn't file an official police report? Is PCGS gonna play detectives to find out the truth, or just deactivate the slab numbers? What's the auction winner supposed to do? Crack it out and resubmit if it has value to gain a new PCGS number and a clean title. Realistically, don't buy stolen property, it's likely more hassle than it's worth and someone got screwed, just bad juju. But also realistically, there's a hundred reasons due to length of time why that purchase is valid. the same way the Mint directors 1964 SMS coins got estate auctioned, even though they were mint property and never officially issued, snuck out and socked away test strikes. yet the mint can't take it back from the person that won the auction because he holds title to it, it didn't magically appear in his hands, if the mint had claim to them, it should have been made before the sale where a new title is created. they should have realized they were unaccounted for in the first place. Shades of grey and lengths of time. but like most everything possession is 9/10th of the law. Ownership is easier to maintain if a person has possession of something and difficult to enforce if a person does not. long winded I know. Agree or don't agree with it, I'm sure. I don't agree with it all myself if I was the one that had something stolen from me. But from a buyers perspective, how could you buy anything at all with the chance that someone might pop up and claim it was theirs and it was stolen tomorrow, next week or 20 year later or anywhere in between? How could I buy product from a vendor if the owner of that vendor business pops up tomorrow and claims the salesperson ripped him off of inventory and sold me the items too cheap and reported it all stolen instead? That would be between him and his salesperson/thief/whatever. I'd still get to keep my product that I hold title to.
Ok, so the coin was in no uncertain terms reported stolen. Stolen is stolen. It was stolen. I was reported stolen. It has not been returned to the owner who reported it stolen. Got it. It is still stolen. What gets me is statements like these, Who knows it if actually was. If the owner reported it stolen to the police and PCGS what more is needed? If it’s so long you could never trade it back then it doesn’t matter anymore and it’s just part of the market again. Would you say that if it were your coin? 1. Reported and actually are different things 2. and long ago means what. 1. True, but if it was reported and it was stolen its stolen. 2. See below. if it’s so long ago it doesn’t even matter anymore Hey I just saw Dynoking driving my car that was stolen from me. I reported it but it was sooo long ago it doesn't even matter. Gee I hope he doesn't scratch the paint. This thread started with the OP giving us a heads up on a coin that was reported stolen. I never expected many of the responses given.
The Birth of Reddit CT. Buy the IPO.... It will be Millions, Dyno, I tell ya...Millions! Anybody seen my Law and Order Comfy Blanket? I am sleepy now....
