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<p>[QUOTE=&quot;Conder101, post: 7298848, member: 66&quot;]This would be a very important deterrent and with the technology we have had for years I am surprised one has never been set up.&nbsp; Raw coins would still be a serious problem but it should be fairly simple for slabbed coins as long as the coin remains slabbed.&nbsp; Setting up the database should be fairly simple and since most everyone has a smartphone nowadays it should be fairly easy to simply have it set so you take your smartphone scan the barcode or enter the serial number and it would access the database and tell you if the coin is reported stolen or not.</p><p><br /></p><p>You would need a central reporting spot that people could send police reports with lists of stolen items to that would add them to the database.&nbsp; (You would need the police report to ensure the coins are actually stolen and not a prank report.)&nbsp; The problem might come with recovered coins.&nbsp; How do you ensure the recovery is reported so the listing can be deleted from the database?&nbsp; And how do you confirm the coin has actually been recovered and it isn&#039;t just being reported as such so the thief can then sell it?&nbsp; There are definitely problems to be worked out but I do think it would be a very good thing for the hobby.</p><p><br /></p><p><br /></p><p>Yes.</p><p><br /></p><p><br /></p><p>If he knows who he purchased the coin from he can go back an insist on reimbursement because the dealers can&#039;t legally sell stolen goods and can&#039;t pass good title.&nbsp; this is more difficult with raw coins because how do you prove the coin you have is the one he sold you.&nbsp; Of course the flip side to that is how do they prove the raw coin you bought is the one that was stolen?</p><p><br /></p><p>This would be the good thing about the database I described earlier.&nbsp; The potential buy could do a quick scan before the purchase is concluded and learn the coin is stolen&nbsp; before he pays his money.</p><p><br /></p><p><br /></p><p>The problem is the insurance company doesn&#039;t want to be out the money either so typically they take ownership of the recovered coin and then sell it.&nbsp; The original owner can return to payment and keep the coin, or the person who recovered it can reimburse the ins company and keep the coin, but in that case he has effectively paid for the coin twice.[/QUOTE]</p><p><br /></p>

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