Coin Robberies

Discussion in 'Coin Chat' started by cplradar, May 20, 2014.

  1. cplradar

    cplradar Active Member

    My fathers side of the family has been here since the 1830's an my mothers side of the family were homesteaders from Wisconsin. I'm not understanding your point. How long one lives somewhere doesn't mean they want to give everything to the government. My family has lived under many different governments and peoples. Some have been better than others. America is good sometimes and less good now.
    jlogan likes this.
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  3. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Hey! Didn't anyone read the moderator asking nicely to dump the political flavor of discussion!!! Next one to disregard will have a time off from the forum.
    GoldFinger1969, Chuck_A and jlogan like this.
  4. SPP Ottawa

    SPP Ottawa Numismatist

    That means the collection has possibly passed through several hands now... a thief is unlikely to consign a coin to a major auction house. What happened to the piece you observed in the August auction??
  5. midas1

    midas1 Exalted Member

    "if i had a lot of money, i wouldnt trust banks either. the FDIC will only give you up to $100,000."

    Generally, checking, savings, trust and money market deposit accounts, individual retirement accounts, or IRAs, and certificates of deposit, or CDs, are insured up to $250,000 per depositor if they're held in accounts that meet the FDIC-insurance rules at an FDIC-insured bank.
  6. jlogan

    jlogan Well-Known Member

    still, if i had $1M i wouldnt want to lose $750K. i would probably have my money divided into accounts at atleast 5 different banks, and have a large amount in cash. im assuming i would be able to afford to build a vault if i was a millionaire. then i can have my high-tech security system (a 12-gauge :D)
  7. drathbun

    drathbun Well-Known Member

    You get $250,000 in insurance coverage per account type per owner. So if you were married, you could have $500,000 in a checking account and $500,000 in a savings account and all $1M is covered (two owners times two types of accounts equals four times the coverage). Not that anyone would keep $500,000 in a checking account, but you could.
  8. cplradar

    cplradar Active Member

    The collection was unique and not like the collection that other people had. He had a knack of finding interesting coins.
  9. cplradar

    cplradar Active Member

  10. cplradar

    cplradar Active Member

  11. cplradar

    cplradar Active Member

  12. kaosleeroy108

    kaosleeroy108 The Mahayana Tea Shop & hobby center

  13. cplradar

    cplradar Active Member

  14. cplradar

    cplradar Active Member

    How do dealers prevent from picking up stolen coins? Why is there not a better network that works to prevent this from happening?
  15. kaosleeroy108

    kaosleeroy108 The Mahayana Tea Shop & hobby center

    There should be a network database of stolen certified numismatics that should be able to be looked up by any pawn shop or coin shop
  16. Dennis Misiak

    Dennis Misiak Member

    If the coin was in an auction on Great Collections that is the starting point. It had to be submitted on a Consignment Sheet. I would contact GC. Ian, Andy, and the GC team are great folks to work with. I am sure that they would be more than willing to assist since it has negative ramifications for their business. I would also contact Doug at NCIC and provide him with a list or information so that he can get a bulletin out on the network.
    Stevearino likes this.
  17. cplradar

    cplradar Active Member

    We did that and he asked for a copy of the policy report. NYPD doesn't really do that. They hold the report at the precient, but we sent him all the information including the NYPD report number and the detective covering the case. At one point we found one coin at Stacks auctions and they really refused to help. They just stalled.
  18. cplradar

    cplradar Active Member

    With the use of AI individual coins can largely be fingerprinted and process of discovering stolen coins can be a simple phone app. It is really up the grading companies and the dealers together to decide to just end this underground network.
  19. Jim Dale

    Jim Dale Active Member

    I have the best burglar devices at our home. A Rotweiller mix, German Shephard, Pit Bull mix, a wire terrier (he yaps if anyone is close to our home), a cheweenie (dachshund-chihuahua mix, another yapper), 2 more cheweenie puppies, and a ferocious cat that hates people, except me. Our house has a chain-link fence around it and our dogs are in it until night, when they come in the house. We had a burglar break into our home while we were out. The house was a mess when we got home and we found a lot of blood, but nothing was missing. We called the Sheriff's Department and they contacted the hospital to check for dog bites. The had two men come in with serious dog bites and missing fingers. The Sheriff's Department thought it would be good if we put the information in the paper (without our names or home). That was about 7 years ago. We have never had anymore problems. The coins were secure in the bank's safe deposit box anyway.
  20. VistaCruiser69

    VistaCruiser69 Active Member

    This is exactly what I'm afraid of and comes to mind when I come across coins in general circulation that is/was worth more than face value. I've come across proof coins, classic/vintage coins (over 50 or so years old) and pre 1965 quarters, all out in general circulation. I always wonder if they were part of someone's collection that had been stolen and then used out in town at face value.
  21. Jeffjay

    Jeffjay Active Member

    Dog's are without a doubt the best home security. 9 times out of 10 thieves will just pass by dog houses.
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