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<p>[QUOTE=&quot;John Burgess, post: 8258335, member: 105098&quot;]Depends on individual state laws. My state it&#039;s 5 years as a statute of limitations on &quot;recieving stolen property&quot; the criminal charge. Also, it&#039;s &quot;finders keepers&quot; unless you can make a valid claim to it to prove that exact item was yours and have reciept for it and that it wasn&#039;t abandoned along the way, and even then, you have to reimburse the purchaser of the item and negotiate a fair settlement to get the coin back. Possession is everything here.</p><p><br /></p><p>&quot;Florida courts have ruled that police may no longer recover stolen property from pawnshops and return it to a victim of crime without providing the broker an opportunity of a hearing. If your stolen property is found in a pawnshop, you may decide to purchase it back or obtain a court order to recover the property.&quot;</p><p><br /></p><p>What this means is, if it has value, insure it and take your insurance payout and let the insurance company deal with recovering the stolen items. That&#039;s one of the things their stable of lawyers are for.</p><p>If it&#039;s not insured, your best course of action is negotiating buying it back from the person that bought it, this pawn shop rule applies to coin shops and anyone else that buys used from random people. if you hold receipt to it, it&#039;s yours and the person has to conclusively prove in court it was theirs, and even then, the determination would likely be &quot;pay him what he paid for it&quot;.</p><p><br /></p><p>Police down here can&#039;t just come in and take items off store shelves that were claimed as &quot;stolen&quot; anymore. they have a reporting system for new buys, if something hits, they contact the two parties, the shop and the person that was the victim of theft, and if that person wants the item back, he must pay the shop owner for it, or have meticulous records proving that exact item.</p><p><br /></p><p>I don&#039;t know how to address this particular situation of the OP. I guess it would depend on the length of time that has passed since it was reported stolen, if it was reported stolen to PCGS only, or officially with the police and insurance, Probably just best to return it to the seller to avoid any of the mess landing on you.</p><p><br /></p><p>However, if it was a decade or more ago. it&#039;s likely nobody has a valid claim to it anymore, in which case, crack it out and resubmit it to PCGS, then send it off to CAC.</p><p>Most people move on after a period of time after a theft. gone is gone.</p><p><br /></p><p>people also report things stolen for insurance claims, and then it turns up years later, you think that person wants to pay back the insurance company for the item? Maybe the insurance company wants it since they paid for it, but they aren&#039;t going to go out of their way to locate stolen items either.</p><p><br /></p><p>I feel like after enough time this falls into&nbsp; the &quot;salvage&quot; or &quot;junk&quot; title category, like vehicles found in storage lockers that was auctioned, maybe they were there to dodge the repo man. who knows. you bought it, you have a receipt for it, you own it.</p><p><br /></p><p>What if someone has their coins in storage, forgets to pay the bill, it gets auctioned, and then calls PCGS and reports the slab numbers stolen, but doesn&#039;t file an official police report?&nbsp; Is PCGS gonna play detectives to find out the truth, or just deactivate the slab numbers? What&#039;s the auction winner supposed to do?</p><p><br /></p><p>Crack it out and resubmit if it has value to gain a new PCGS number and a clean title.</p><p><br /></p><p>Realistically,&nbsp; don&#039;t buy stolen property, it&#039;s likely more hassle than it&#039;s worth and someone got screwed, just bad juju.</p><p>But also realistically, there&#039;s a hundred reasons due to length of time why that purchase is valid. the same way the Mint directors 1964 SMS coins got estate auctioned, even though they were mint property and never officially issued, snuck out and socked away test strikes. yet the mint can&#039;t take it back from the person that won the auction because he holds title to it, it didn&#039;t magically appear in his hands, if the mint had claim to them, it should have been made before the sale where a new title is created. they should have realized they were unaccounted for in the first place.</p><p><br /></p><p>Shades of grey and lengths of time. but like most everything possession is 9/10th of the law.&nbsp; Ownership is easier to maintain if a person has possession of something and difficult to enforce if a person does not.</p><p><br /></p><p>long winded I know. Agree or don&#039;t agree with it, I&#039;m sure. </p><p>I don&#039;t agree with it all myself if I was the one that had something stolen from me. But from a buyers perspective, how could you buy anything at all with the chance that someone might pop up and claim it was theirs and it was stolen tomorrow, next week or 20 year later or anywhere in between? </p><p>How could I buy product from a vendor if the owner of that vendor business pops up tomorrow and claims the salesperson ripped him off of inventory and sold me the items too cheap and reported it all stolen instead? </p><p><br /></p><p>That would be between him and his salesperson/thief/whatever. I&#039;d still get to keep my product that I hold title to.[/QUOTE]</p><p><br /></p>

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