I wonder what their fee is for a coin? I suspect that it would be impractical for the $1000 SLQ MS-65 FH, much less bags of 90% junk silver. Also, the FACT and FBI estimates quoted indicate that numismatic theft is a small part of the overall art losses. Not that numismatic theft is inconsequential but it's pretty clear from the quoted estimates that they are saying that numismatic theft is a small part of the problem of collectibles losses.
https://www.theatlantic.com/ideas/a...a-having-violence-wave-not-crime-wave/620234/ just as one example of why FBI stats suck. It starts with, your local police department sucks, and people have no faith in their ability to stop crime and make arrests so they just don't report. And even when they do, investigations die on some nameless detectives desk, and they never complete reporting to get to the FBI. And the more crime there is, the more this happens. there are dozens of other problems with FBI data and police reports. See the flack victims get here. It is worst in the local precinct. Anyone who tells you that they don't recognize that more than half of all collections end up suffering from theft is just being disingenuous. These same individuals spout off about packing guns at coin transactions, like they are dealing in heroin. It is all nonsense. Solutions like this businesses product point to real progress in ending the trade of stolen coins. As long as coins can be traded on the 'legit' market, we will continue to huge theft problems. And that is eroding the entire market. Nothing stops people from collecting like being ripped off. The first step is the iron clad resolve of dealers to stop dealing in stolen coins. This commiment will greatly ease many of the political and market pressures that threaten the industry. Not getting on board is likely to result in broad over regulation by the US Treasury and et al. Things can not remain as they are.
It's not wise to paint everything with one large brush. Every area, city and state is a different story. In my area the police are on top of things and get respect for doing a great job. I can open carry or keep it hidden. Proper training gave me that right and the police love it. The bad guys never know who is standing beside them. That same training sets the rules that must be followed. You pull a weapon to protect life and not property. That changes a bit when the bad guy just kicked in the front door of my home. It's not reasonable to think that the police are going to solve ever crime. Blaming them is just misdirected hate that is not helpful. Reasonable dealers and collectors understand that it would be stupid to track coin sales more than they are.
