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<p>[QUOTE="Cringely, post: 1393364, member: 22271"]One possible problem with a major heist at a coin show is the number of attendees with cell phones. The minute someone pulls a gun, someone would call 911 and, unless the coin show was in a remote location, there would be cops all over the place is a relatively short time. Most likely, you would then have a hostage situation. Not to mention that a number of the hostages might be "carrying". It would make a nice plot for a TV show.</p><p><br /></p><p>Fencing works if the coins are anonymous, but dealers who have photos of their rarer coins have (in the past) been able to recognize them and recover them. One specific example is a EAC friend who is a major dealer in early copper coinage. Many years ago, he had nearly $1 million in coins stolen from his car (the thieves followed him after a show). The thieves (Russian) were caught and sent to jail, but not before disposing of many of the coins. Last year, while looking at coins offered by a major auction house, he recognized a couple of coins ("coincidentally" consigned by someone also in Russia) as looking like some of the ones stolen from him. He was able to determine that a few dozen of the coins in this auction were his. He contacted the auction house, and after showing (photographs, police reports, etc.) proof of ownership, he was able to recover them. Unfortunately, he has not recovered all of his coins and is still out hundred's of thousands of dollars.</p><p>Part of the moral of this (slightly off topic) story is that you should document your coins (at least the valuable ones) in case of theft or other loss.[/QUOTE]</p><p><br /></p>
[QUOTE="Cringely, post: 1393364, member: 22271"]One possible problem with a major heist at a coin show is the number of attendees with cell phones. The minute someone pulls a gun, someone would call 911 and, unless the coin show was in a remote location, there would be cops all over the place is a relatively short time. Most likely, you would then have a hostage situation. Not to mention that a number of the hostages might be "carrying". It would make a nice plot for a TV show. Fencing works if the coins are anonymous, but dealers who have photos of their rarer coins have (in the past) been able to recognize them and recover them. One specific example is a EAC friend who is a major dealer in early copper coinage. Many years ago, he had nearly $1 million in coins stolen from his car (the thieves followed him after a show). The thieves (Russian) were caught and sent to jail, but not before disposing of many of the coins. Last year, while looking at coins offered by a major auction house, he recognized a couple of coins ("coincidentally" consigned by someone also in Russia) as looking like some of the ones stolen from him. He was able to determine that a few dozen of the coins in this auction were his. He contacted the auction house, and after showing (photographs, police reports, etc.) proof of ownership, he was able to recover them. Unfortunately, he has not recovered all of his coins and is still out hundred's of thousands of dollars. Part of the moral of this (slightly off topic) story is that you should document your coins (at least the valuable ones) in case of theft or other loss.[/QUOTE]
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