Government Tracking of Thieves

I guess if a thief is highly organized there is not much that can be done. good thing most thieves are just common.

 

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Many thieves are nabbed in time, but most of the time lost property is not, or it has been greatly damaged in the thieves haste and crudeness handling.

 

organized crime is a big business but so is star bucks. why can't people learn how to rob people the right way. like charging $8 for a coffee .

bank robbers don't wear ski masks anymore, it's all cyber now.

what a crazy world !

 

They've already done that in the coin world, it's called Third Party Grading! LOL!

 

If it's a rare date though, do you really think the thief is going to melt it down? Branch mint gold, Civil War rare gold coins, early gold coins where the numismatic value is 100X the gold value, what would you do if you were the thief? Hold on to it waiting for a propitious moment to get an offer from a dealer or collector? Find a doctor to tone it out for you to disguise the appearance, "orange peel" it? At that point if it had been in a nice AU/BU holder it would be harder to indentify, and as a raw coin there is going to be someone who likes the coin even though doctored and puts out 50% of its original slabbed value. On the 1870-CC $20, I would crack it, put it in with a bunch of other gold coins, ship it to Russia or Asia, to a contact who would try to find an unscrupulous shady drug or Ponzi-style scammer, who would pay $100K+ to have a coin like that in his collection.

The advantage with stolen currency is that thieves have no where to go outside of the scope of law enforcement to get top dollar.

 

Yes. They don't know squat about whats what like a collector would. More than likely its sold for bullion or melted in hurried fashion as I keep saying. If not, then someone put a thief up to stealing the coins for them and there are probably ways to root out who was behind the thefts. Still, a thief as agent to rob one person/institution for another, is still apt to bungle the heist and destroy/damage the intended targeted items.

 

Reading through this over coffee this morning and wondering if I need to load the shotgun too on top of the two pistols I keep around the house. :devil:

 

Or just invest the money for weapons on the security of a SDB. You can't sit at home, awake, armed forever protecting your stuff, but a bank vault does have more protections when you are off doing something else.

 

Just two pistols? Heck I have a whole dang armory nearly. Well to be fair I was an armorer in the Army so between my Dad's gun collection he gave me, and my own military weapons I bought, it looks like I am some kind of survivalist or something. I have even gotten a few weird comments when people see the two full gun cabinets that cannot hold all of them.

But, Krispy is right. Better to have off site storage in a bank so you can sleep at night when you aren't at home.

 

Why not just insure it so it cover any potential loses when you move around to coin shows or to your bank.

 

Most insurance companies don't insure collectible coins. ANA recommends Hugh Wood, and will insure coins in a bank vault, transit between said bank(s) and other places, or in your residence. Layers of security are key. Insure the collection you put in the bank.

 

Yes i use ANA-HW to insure my coins, iirc my home insurance did cover coins (they were grouped with jewelry) up to certain amount but to specifically cover them you need to get it appraised.

 

my home owners insurance covers my coins. but a lot of effort is put into searching and finding coins. my collection is not that big anyways.


and a life can not be replaced. I hope that never happens to any of us

 

maybe next year i will sell them all and buy a Harley lol

 

Even Harleys can be swiped and chopped in a chop shop. Insuring vehicles may be easier than coins. Cars, for one, do have and effect GPS defense, Lojack, which also extends to things like laptops and other things, not coins to my knowledge.

 

this all reminds me of this commercial http://www.youtube.com/watch?v=lk2B8988ws0

 

All too often, 'security is an illusion', which is why I caution people who quickly declare their horde of weapons will do, when a banks vault would be all you ever needed to avoid so many more complicated issues that come with having to defend, having defended or lost some or all of it (ones self) through a struggle or malicious/violent manner.

 

I am pretty sure more items are lost or damaged due to external factors (flooding,fire,accidents) than due to robbery.

 

Further reasoning for off site (away from the home) vault storage. Yes banks flood and burn too, but it's far less likely than one's home or office is susceptible to disasters.


Japan Lost Money: Safes, Cash Wash Up On Shores After Tsunami

 

That turned out to be a joke, The coins in question were 2004 Canadian Poppy 25 cent pieces with a colorized red center. The colorized poppy has a mesh like appearance and they thought it was some kind of transmitting antenna. The coins turned out to be perfectly normal.