Discussion in 'Coin Chat' started by BlackBeard_Thatch, Feb 28, 2019.
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What? Commemorative Presidential Dollar coins? Worth $33,000? Something is wrong with that statement.
Man, it's good to see that burning beard again!
He must have had tens of thousands of those coins.
"The coins were worth $33,000.00"
My guess is they were severely over valued by the owner.
33,000 coins would weigh just under 590 pounds.
Stolen in one trip?
I wonder if you can get them slabbed now as "pirated loot"
Yes, the person who wrote that article knows as much about coins as the idiot thief who put them through the machine.
A friend of mine tagged me in this story on Facebook the other day. I furiously responded with a 3 paragraph rant about the ridiculousness of the story then realized all it would do is tick my friend off so I deleted the rant, typed “lol”, and moved on with my life.
When you read the article properly, you realize that the ENTIRE collection was worth $33,000.00. The presidential dollars were just a small part of the collection. The thief sold much of the valuable coins for "thousands of dollars" as the article relates. The thief then took some of the remaining coins and put them through "change machines" (coinstar?) which, of course, only returned face value.
That's why thieves are thieves....because they're "stoopid"!
That's also why they get caught.
Gee, Paul! You should know that I don't have that sort of restraint in me!
Yes I read that the other day. Sounded as if the criminal needed money for drugs.
The guy looks as dumb as he is.
Already posted: https://www.cointalk.com/threads/thieves-are-dumb.333698/
To summarize, the stolen coin collection was apparently valued at 33k. The thief sold part of the collection at a coin shop for about 4k. I have often heard the phrase “you can spend the rest” in such transactions. The brilliant thief possibly took that sort of advice to heart. Thus, Coin Star received high grade Presidential Dollars and the thief did not even net the face value in return. What a story!
At the police lineup, he was easily ID'd
Discretion being the better part of valor.
I do love watching the Adventures of Florida Man!
I’ve read updated articles where it was just 33 presidential dollars valued at $1000 each. Maybe they were errors? The thief got ony $29.30 from the coinstar, which is consistent with 33 $1 coins.
Can Presidential dollars really be worth $1000 each?
Even if they were graded 71 they would be worth 1/10 of that.
Perhaps there is a 2nd crime here, insurance fraud.
I have no clue what they could possibly be worth as I have no interest in collecting them, but my insurance agent often says that there are two thefts involved in nearly every claim...the burglary, and then the insurance claim valuation.
Actually, my first thought is that the original reporter thought that they were gold not golden. Then follow-up reports simply ran with the valuation.
I was wondering that myself
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