Bullion Theft

http://azdailysun.com/news/local/cr...cle_4c913ab1-d282-52fc-a175-a0fa11bc0013.html

 

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Not cool at all. Someone knew what they were looking for. Besides not broadcasting what you have in your home, how do you prevent this. I would think at least an alarm system and a heavy gun safe.

"According to a press release, among the stolen property was: 7,000 - 1-ounce 2011 American Eagle silver coins in plastic sleeves, 12 bags of 1920-1963 silver coins at 5, 10, and 25 cents, 15 - South Africa Krugerrand, 20 - 10-pound bars of silver, 20 - 5-pound bars of silver, 30 American Gold Eagles with Canadian maple leaves, 10-ounce and 6-ounce bars of silver with Johnson Matthey and Engelhard stamps and $80,000 cash in bank envelopes."

 

A quick calculation. That is about $670,000 worth of PM. Wow. I sure hope they had insurance.

 

Sounds like the house had storage room with locker and alarm system. Would be very hard to stop a professional burglar from getting what he wanted. Best bet would be not to reveal where the valuables are hidden and of course insure your property.

 

I don't tell people what I have, only family really knows and trusted long time friends. Also notice, since I participate on public forums like this, I don't provide my location or any other details that might give someone a clue as to my whereabouts. I also try to refrain from giving out too much info on what my current inventory consists of. I know people like to share and show off but some people doing this could easily be found and targeted.

Not always. I've met some pretty intelligent ex-thieves in my days, most would claim nothing would stop them in getting what they wanted. I met a guy once who said in his youth broke into cars to rip off systems. Car alarms wouldn't even deter him, he said most of the time he'd steal it as well.

I'd say with this report, someone knew exactly what they were doing and what this person had. Not ransacking the house and going just for coin goods, this person was targeted, likely because they were not careful themselves.

If I had that much silver and coins, along with $80k in cash, I wouldn't keep it at my home unless I had some some significant security in place.

 

That's exactly why I keep nothing of value in my home! Everything goes into a safe deposit box (insured, of course).

 

Even your family, because that's more valuable to me than anything else? (Unless of course you are single living alone)

 

I bury all of my coins and valuables in tin cans. Only I know of their locations!

 

Sounds like they knew right where to go. House wasn't ransacked, they went straight to the storage room where everything was kept. Loose lips.....

 

Hope someone running around in metal detector doesn't find it

 

They're all booby trapped as well.

 

Or inside job, it was a year or so back around here a house was robbed and thieves knew where safe was and somehow disabled a high tech alarm system and also there was no sign of break in.

Police were puzzled but later found out the daughter had planned it and had her boyfriend steal $$ since her parents were making her go to college. She wanted to run away with money they stole

 

Sad, but 90% of my clients have a theft story that involved family. Also sad but true, is the level of insurance fraud - wonder if the woman had the resources to accumulated that amount of bullion.

 

True, but I didn't say all family knew. Trusted and long time family/friends know I collect coins but likely have no idea what I actually have and where it's at. Only my wife actually knows where the coins are at and is the only other person with key/combination, etc.

I'm fortunate enough to have the best security around, wife is pretty much home 95% (errands, picking up kids, etc) of the time while I'm at work as well and she knows where the gun is.

 

I can't believe 2 of the 3 comments that were posted on the newspaper's website. Those are some vindictive people feeling no sympathy for the victim of the robbery. I don't care how much wealth the home owner may have, no one deserves to have their property and privacy invaded like this.

 

I've learned to just avoid media and news article comments, they seem to draw the finest people. It's similar to road rage or something, they could actually be the nicest people on earth in person but once their behind the wheel (or internet), a monster emerges.

I agree, I don't care how rich or poor you are (not corporations though, most already write off losses and have insurance but it's still not right to steal from them), if you got something stolen that was yours, that just sucks!

 

Man.. That is very sad. Way too much physical PM to hold in your home. I hope the Coin/bullion community can pull together and help solve this. Everyone keep your eyes open for anything fishy on craigslist.

 

Good point. The person who stole this is most likely going to try and unload it and with those quantities, it would take too long to sell them in small quantities to avoid suspicion.

 

One thought keeps coming to mind...

Forget about the krugerrands, Maple Leafs, AGEs, 6/10 Oz silver bars, and $80K in cash...by my calculation, the rest of it is about 1200 Lbs!!!

7000 1 Oz coins = 7000 / 14.58 = 480 lbs
12 bags of coins = 12 * 35 = 420 lbs
20 10 lbs Silver bars = 200 lbs
20 5 lbs Silver bars = 100 lbs

That's not something you're just gonna run down the street with. :T$:

You need a truck with a heavy duty suspension and enough time to move it without being seen. That likely means the truck/van was driven into the garage and the door was shut. Had to be an inside job (imo).

 

After a quick read, my dad and I both thought of this: Either somebody inside (Maybe an acquaintance more than friend) did this, or it could just be insurance fraud. If it were a legitimate burglary, I stand corrected, but I am shocked they would just randomly have $80,000 cash, and not PMs. I am also shocked that their security doesn't seem to be good enough to store that much money in the first place.