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<p>[QUOTE="Hobo, post: 1000148, member: 11521"]Is this the case where the coins were listed on a stolen artwork site that led to their discovery? (I think there were three coins - perhaps all British- that were found either at three different coin shops or in three different auctions. Sorry but I cannot remember the details.) </p><p> </p><p>There are a handful of web sites or registers where stolen coins can be listed. That works fairly well for slabbed coins (with serial numbers) that are still in the slab and for super rare coins but it is not nearly as effective for generic and raw coins. It would be prudent for a dealer to check these sources before buying very rare or very expensive coins. He should also record all pertinent information regarding the seller - drivers license info, license plate of vehicle (if available), perhaps even get a thumbprint. It would probably also be a good idea to save video from security cameras of every major transaction. </p><p> </p><p>I doubt a dealer would get into trouble for unknowingly selling a stolen coin. How would the cops prove the dealer knew the coin was stolen? But if it happened several times it would make it easier for the cops to show a pattern of the dealer selling stolen coins. </p><p> </p><p>Hock shops (aka pawns shops) are required to record identification of everyone they buy from or loan money to and they are also required to hold the property for a certain amount of time (30 days in most places I think) before disposing of it. Whenever there is a robbery or burglary the cops will check the local hock shops looking for the stolen goods. If the stolen items are found in the hock shop the police automatically confiscate them.</p><p> </p><p>The bottom line is if you buy stolen property the police can confiscate it from you and you are SOL.[/QUOTE]</p><p><br /></p>
[QUOTE="Hobo, post: 1000148, member: 11521"]Is this the case where the coins were listed on a stolen artwork site that led to their discovery? (I think there were three coins - perhaps all British- that were found either at three different coin shops or in three different auctions. Sorry but I cannot remember the details.) There are a handful of web sites or registers where stolen coins can be listed. That works fairly well for slabbed coins (with serial numbers) that are still in the slab and for super rare coins but it is not nearly as effective for generic and raw coins. It would be prudent for a dealer to check these sources before buying very rare or very expensive coins. He should also record all pertinent information regarding the seller - drivers license info, license plate of vehicle (if available), perhaps even get a thumbprint. It would probably also be a good idea to save video from security cameras of every major transaction. I doubt a dealer would get into trouble for unknowingly selling a stolen coin. How would the cops prove the dealer knew the coin was stolen? But if it happened several times it would make it easier for the cops to show a pattern of the dealer selling stolen coins. Hock shops (aka pawns shops) are required to record identification of everyone they buy from or loan money to and they are also required to hold the property for a certain amount of time (30 days in most places I think) before disposing of it. Whenever there is a robbery or burglary the cops will check the local hock shops looking for the stolen goods. If the stolen items are found in the hock shop the police automatically confiscate them. The bottom line is if you buy stolen property the police can confiscate it from you and you are SOL.[/QUOTE]
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