Your worst nightmare come true........

Trey may have that answer for us in the next week.

 

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In MS upon your first transaction with the coin shop they do a photo of the Drivers License.

 

The pawn shop precious metals dealers in NC are supposed to take ID. Not sure if they would have done that with these though, but I'll bet they had an off feeling and likely did get an ID. This was a fairly large sell for the thief and purchase for the dealer, so I bet they got something

 

If he does, it's information (aside the bare fact that such information exists) which is better held close as evidence in court.

NC Statutes Chapter 66, Article 45 covers transactions like this, both in the guise of "Pawn Shop" business and that of "Currency Converter." Both roles require by law a record be kept of not only the information obtained from the seller's ID, but a physical description of the seller as well, and in this case the serials on the slabs. If North Carolina law was followed correctly, there is a precise connection between the seller and what was sold, which is the point of the law.

Assuming valid ID, of course. Near as I can tell, no legal requirement exists for photographic or video evidence.

 

Boy, do I know the feeling. Both of loosing material and of buying something in good faith that was stolen.

In PA we have to take ID and hold jewelry but not coins.

I am currently receiving a check from the county probation dept. for about $30 or so every month. In just 27 years, he will have paid me back.

 

Wow. Its called "car fishing" and these guys reeled in a whale. Glad to here it's all working out though

 

Eh? Can't 'here' ya.........

 

You might find it good to invest in one of these

 

Yes!!! That car dealership had a bunch of those running for a while here locally. I loved those commercials.

 

The thief was very lucky that day.
But, here in NY , I believe a knowledgeable dealer would technically be liable if he paid a very small amount for those coins. It's Criminal Posession of Stolen Property. He, being a person in the business of coins, should know that the coins are stolen based on the offering price. Say, he paid 500 bucks for 10k worth of coins. A lot of jurisdictions, the local law enforcement , routinely visits Pawn Shops, checks the books, makes sure they do things legit.
I hope you get the coins back, but probably no one is going to jail over this crime. These mutts don't care about jail, all they want is the cash for some quick drugs. Probably been arrested 20x for this type of crime. Good luck.

 

I dont know about that. I have purchased 7 rental properties this year. I have been quite successful at using money that doesnt effect my household operations. I have sourced from private investors, banks, and I was just using this little extra cash to close on my latest deal I am working on, without using savings or regular income in the house. (Wife isnt entirely on board with all of this just yet, so I am hesitant to allow our joint personal finances to be utilized on these investments until she is comfortable)

The cash flow is there to return the money in a short time, I just had several things coming together and hitting all at once and needed about $4,000 to get me by.

 

I highly doubt true justice will be served, but I truly hope that it turns out to be someone I 'know'. I live in a small town and have been involved in business here all my life, so I practically know everyone here, I just dont advertise my private life or have too many close friends to where I felt 'watched'.

At any rate, I am somewhat of a devious person when you rub me wrong, and I am not afraid to get physical at 6'5" 240 pounds. So in the back of my mind I am already thinking of what to do if i do end up knowing who the thief is.

Mostly though, I am just happy to get my coins back, that has been a huge blessing and more than enough justice for me.

 

A law similar to what Coinzone describes applies in PA.

A coin dealer should know if material is offered very cheap that it may be stolen.

 

Yeah, but thats only if the thief doesnt walk in and say 'how much will you give me for these'?

Everytime I have ever dealt with the firm that ended up buying the coins, I ALWAYS ask them to price the coins, I never volunteer what I want for them. That way I dont sell myself short.

Throw in an inheritance story and youve got enough deniability to where guessing intentions or authenticity is pretty much pointless. Plus this is Raleigh, our capital city and one of the larger ones in North Carolina where the thief sold the coins, so its a little tougher to vet.

 

I know a dealer that got caught up in a purchase like this. He was convicted even though he thought the price he offered was legitimate. It was for gold in industrial form.

It's a fine line sometimes and an occupational hazard.

 

I would never press charges on the dealer as long as they are cooperating with the return of my merchandise.

 

Tray said:
"At any rate, I am somewhat of a devious person when you rub me wrong, and I am not afraid to get physical at 6'5" 240 pounds. So in the back of my mind I am already thinking of what to do if i do end up knowing who the thief is. "

Believe me, I know exactly what you mean. Catching the perp in the act, and while attempting to detain him, he wants to fight you, and then ????. No need to add additional. It would be the best justice you could hope for.
That dealer could be totally innocent, maybe the coins switched hands 3 or 4 times before he came into contact with them.
Truly hope u get All of your coins returned. Just chalk it up to a lesson learned.
Btw, do you heavy hitters in somewhat rarish coinage carry some added home insurance or any insurance for protection in these instances.

 

I typically keep my better stuff and sentimental items in the bank SDB. Just was in transit, so that wouldnt have mattered unless I carried the insurance.

I know alot collectors/dealers do carry insurance though.

 

I guess it's time for me to entertain the idea of a sdb.
My collection is growing by leaps and bounds and I can't keep it in my closet forever. Hahaha.
Good luck Trey

 

Yeah, that Trunk Monkey would have saved you. Anyways if it does turn out to be other than what I thought (basically you got hit by pure chance), and not on being followed because someone realized you likely had valuable coins on you, then it is possible that this/these characters will strike again on you and others. I have read about how sometimes, thieves will wait 3 or 6 weeks to strike again, figuring that the person has now gone back to their regular routine and may have then left things and an unlocked car. Also then I would suppose maybe if you have the resources, to place some cameras that would catch enough action to see someone approaching, entering, and leaving your car area.