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My 20 years coins collection alone with 3500oz silver bars were stolen.
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<p>[QUOTE="cplradar, post: 7890538, member: 108985"]They effectively do now when they do the grading. There is not much time involved. In fact, that is one of the things that ticks you off about this, is that most of these process and already in place. They already track the coins. The do it all the time. They can tell you when a coin shows up in the auction houses for sale and post the results on their websites. When it is in their interest, they are very good at this.</p><p><br /></p><p>As for there not being time, pish posh. There is just not a commitment to keep stolen goods off the coin market.</p><p><br /></p><p>It takes less than a few seconds to do an AI readable scan a coin for identification. Get with it. This is 2021, not 1990. We do facial recognition now as you cross the street, even when you are trying to hide.</p><p><br /></p><p>Additionally, PCGS already has the Shield program. That just needs an expansion. It is just a BS excuse so people can continue to engage in illegal trade.</p><p><br /></p><p><br /></p><p><br /></p><p>You just made up that fake <font size="4">scenario out of your head. We have faced this problem for generations of pegree of artifacts for generations and nobody in 200 years had this problem you described.... <b>EVER</b>. Vermeer's Girl with a Pearl Earring was purchased by Arnoldus Andries des Tombe<font size="4"> after being found in a garage sale and lost for 3 centuries, but that didn't stop it from entering the Maurithuise </font>after it was purchased. </font></p><p><font size="4"><br /></font></p><p><font size="4"><b>What it DOES mean is that once the coin is entered into the system, that you can't just crack it out and FAKE that you brought it 30 years ago from an unknown dealer in Bogota, Columbia because we will KNOW it was last owned by a plumber in Long Beach 3 months ago.</b></font></p><p><font size="4"><br /></font></p><p><font size="4"><br /></font></p><p><font size="4">Here is how it would work. You go sell the coins and you say, "Oh, I forget who I brought this from 20 years ago". OK - according to the record this coin was purchased and graded by your grandfather in 2021 and submited to grading. How did you get it from your grandfather? He put a lock on transactions with this coin. We need to contact him to see if he approved this sale.</font></p><p><font size="4"><br /></font></p><p><font size="4">That is protecting the market from stolen coins. And yes, you will not be able to sell a stolen coin, or even crack it out of its case and resell it raw to a legitimate coin dealers without exposing yourself to criminal prosecution, even if it changes hands two or three more times illegally. Eventually it will pop up.</font></p><p><font size="4"><br /></font></p><p><font size="4">And old people aren't stupid, you know. They don't forget where they acquired a coin, even after decades. You do watch Antiques Roadshow on occasion and understand how people come with the pedigree of items intact.</font></p><p><font size="4"><br /></font></p><p><font size="4">Your entire response is a poor excuse for continuing to allow stolen coins to be sold on the market. It is not only supporting illegal trade, but it shows a complete blind spot in ethics.</font></p><p><font size="4"><br /></font></p><p><font size="4">Try this for starters... DON'T TRADE in stolen goods... ever.</font>[/QUOTE]</p><p><br /></p>
[QUOTE="cplradar, post: 7890538, member: 108985"]They effectively do now when they do the grading. There is not much time involved. In fact, that is one of the things that ticks you off about this, is that most of these process and already in place. They already track the coins. The do it all the time. They can tell you when a coin shows up in the auction houses for sale and post the results on their websites. When it is in their interest, they are very good at this. As for there not being time, pish posh. There is just not a commitment to keep stolen goods off the coin market. It takes less than a few seconds to do an AI readable scan a coin for identification. Get with it. This is 2021, not 1990. We do facial recognition now as you cross the street, even when you are trying to hide. Additionally, PCGS already has the Shield program. That just needs an expansion. It is just a BS excuse so people can continue to engage in illegal trade. You just made up that fake [SIZE=4]scenario out of your head. We have faced this problem for generations of pegree of artifacts for generations and nobody in 200 years had this problem you described.... [B]EVER[/B]. Vermeer's Girl with a Pearl Earring was purchased by Arnoldus Andries des Tombe[SIZE=4] after being found in a garage sale and lost for 3 centuries, but that didn't stop it from entering the Maurithuise [/SIZE]after it was purchased. [B]What it DOES mean is that once the coin is entered into the system, that you can't just crack it out and FAKE that you brought it 30 years ago from an unknown dealer in Bogota, Columbia because we will KNOW it was last owned by a plumber in Long Beach 3 months ago.[/B] Here is how it would work. You go sell the coins and you say, "Oh, I forget who I brought this from 20 years ago". OK - according to the record this coin was purchased and graded by your grandfather in 2021 and submited to grading. How did you get it from your grandfather? He put a lock on transactions with this coin. We need to contact him to see if he approved this sale. That is protecting the market from stolen coins. And yes, you will not be able to sell a stolen coin, or even crack it out of its case and resell it raw to a legitimate coin dealers without exposing yourself to criminal prosecution, even if it changes hands two or three more times illegally. Eventually it will pop up. And old people aren't stupid, you know. They don't forget where they acquired a coin, even after decades. You do watch Antiques Roadshow on occasion and understand how people come with the pedigree of items intact. Your entire response is a poor excuse for continuing to allow stolen coins to be sold on the market. It is not only supporting illegal trade, but it shows a complete blind spot in ethics. Try this for starters... DON'T TRADE in stolen goods... ever.[/SIZE][/QUOTE]
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My 20 years coins collection alone with 3500oz silver bars were stolen.
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