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Greek coin dealer robbed in London Hilton
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<p>[QUOTE="calcol, post: 7924127, member: 77639"]More common raw coins can probably be sold as is or certified and sold without being noticed, especially if sold over time and via multiple venues. The more common, certified issues can probably be cracked out and re-certified without being noticed … especially if the thieves use a TPG other than the original. Rarer coins may be melted and sold as bullion. That’s what happened to the giant gold maple leaf that was stolen in Germany a while back. Supposedly, the melt value of the entire group is over $30K, which is not a bad payday for the thieves. Getting away with fencing the coins depends on how smart and patient the thieves are.</p><p><br /></p><p>I haven’t heard whether there was any insurance coverage of the coins on the part of the dealer. He claims he’s ruined, which implies not. There is CCTV of the thieves. Unless folks believe the thieves were working for the dealer, he was insured and it’s an insurance scam, the theft appears real. I would hold back suspicions unless he applies for a sizeable insurance payment, and even that is not evidence that he was involved. Even if it is an insurance scam, the dealer would be faced with how to dispose of the rarer coins for which there are detailed photographs.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 7924127, member: 77639"]More common raw coins can probably be sold as is or certified and sold without being noticed, especially if sold over time and via multiple venues. The more common, certified issues can probably be cracked out and re-certified without being noticed … especially if the thieves use a TPG other than the original. Rarer coins may be melted and sold as bullion. That’s what happened to the giant gold maple leaf that was stolen in Germany a while back. Supposedly, the melt value of the entire group is over $30K, which is not a bad payday for the thieves. Getting away with fencing the coins depends on how smart and patient the thieves are. I haven’t heard whether there was any insurance coverage of the coins on the part of the dealer. He claims he’s ruined, which implies not. There is CCTV of the thieves. Unless folks believe the thieves were working for the dealer, he was insured and it’s an insurance scam, the theft appears real. I would hold back suspicions unless he applies for a sizeable insurance payment, and even that is not evidence that he was involved. Even if it is an insurance scam, the dealer would be faced with how to dispose of the rarer coins for which there are detailed photographs. Cal[/QUOTE]
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