https://news.yahoo.com/police-stolen-rare-coins-ended-change-machines-152417646.html NORTH PALM BEACH, Fla. (AP) — Authorities say a Florida man stole collectible coins worth tens of thousands of dollars, then ran them through grocery store change machines that returned just a fraction of their value. The Palm Beach Post report s 20-year-old Shane Anthony Mele of Riviera Beach told investigators he stole the commemorative presidential dollar coins and other items from a North Palm Beach office in December. The coins were worth $33,000. A Palm Beach County Sheriff's Office arrest report says Mele sold some coins for a few thousand dollars, and he ran many through change machines that only produced their face value. Mele was charged Feb. 1 with grand theft along with unrelated drug charges. He was released Feb. 4 after posting bond. Jail records didn't show whether he had an attorney. --- But then again, so are collectors. Who would collect Presidential Dollar Coins?!?!?!
[QUOTE="myownprivy, post: But then again, so are collectors. Who would collect Presidential Dollar Coins?!?!?![/QUOTE] So I collect Presidential Dollar Coins , are you trying to make me mad? I think that you should cut me some slack....they were like $2 and come In graded plastic By collect, I'm referring to they are in the box with the rest of the other coins. It's a shame about that guys collection, probably not insured.
So I collect Presidential Dollar Coins , are you trying to make me mad? I don't collect Presidential Dollars except those included in Silver Proof sets and Mint sets. IMO I think it's a great way for those just entering the hobby. This would also apply to Clad coins as probably younger people as many probably don't have enough cash to purchase 1964 & previous coinage. I think that you should cut me some slack....they were like $2 and come In graded plastic By collect, I'm referring to they are in the box with the rest of the other coins. It's a shame about that guys collection, probably not insured.[/QUOTE]
The whole 'Florida man' thing actually got so crazy that it became an internet meme. It's pretty hilarious how many of these stories come out of Florida alone...
As a floridian i can answer that question. In the 90s florida passed the "sunshine laws" in effect that any arrest is available to anyone walking into a police or sheriff dept and reading the daily blotter. So the wealthy cant even hide behind their money like robert kraft owner of the patriots. Many states don't offer the same so you don't hear about their crazy's....
I think the drugs explains it all. ...a 20-year old with his whole life ahead of him like a dark thundercloud. Hopefully he can turn it around.
Unfortunately, the guy's collection that was stolen was his nest egg for retirement, and he lost it all. NEVER leave your collection at home or at your office.
And never let it substitute for an actual nest egg. Which, despite the name, should never be something that's easily stolen from your nest.
I have a police friend who is fond of saying: “If it wasn’t for stupid people I’d have to find another way to make a living.”
What I hope someone can explain is, how could it be possible for these to be worth $33K... unless he had 33 thousand of them.
If they were all PR70 DCAM or MS70 and there were enough of them, they could easily be worth that much. I wouldn't advise investing in them for retirement, however. On the other hand, this has to be a great investment for retirement (as well as an example of dumb): https://www.ebay.com/itm/5-rare-dol...237711?hash=item48b3072ecf:g:AqsAAOSwWTJbnbvr Since the guy says "Best offer" and postage is free, I considered offering $2.50 just for the novelty, then came back to my senses when I stopped laughing.