Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Specializing in Modern Numismatics Vancouvers #1 Coin and Paper Money Dealer 300,000 items to help build your collection! Join Thousands of Coin, Bullion, & Money Collectors Royal Estate Auctions - $1 Coin AuctionsCoin, Banknote and Medal Collectors's Online Mall








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

J&m Coin Theft In Toronto.

To participate in the forum you must log in or register.
Author Previous TopicReplies: 71 / Views: 14,182Next Topic
Page: of 5
Pillar of the Community
kbbpll's Avatar
United States
4233 Posts
 Posted 10/05/2017  7:47 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply

Quote:
He locked his vehicle and went inside the hotel to check in. When he returned to his vehicle, two bags were missing from the back seat. They contained a large volume of highly graded collector coins and banknotes.

Iorio said police told him initial surveillance suggests a lone male approached his vehicle and slightly opened the rear passenger door, unbeknownst to the dealer as he was parking his rental vehicle.
Sounds like a random airport hotel break-in strategy, but I'm not sure how anybody doesn't notice some stranger slightly opening a rear door to defeat the door lock (which is what this sounds like), particularly when you're carrying a million dollars. Hope they catch this scum.
Pillar of the Community
Canada
867 Posts
 Posted 10/06/2017  10:34 am  Show Profile   Bookmark this reply Add tripoli to your friends list Get a Link to this Reply
This is not a random act. If it was random, more cars would have been broken into.....This is a classic targeted victim ploy, probably tailed from airport.
Pillar of the Community
nfine's Avatar
United States
3477 Posts
 Posted 10/06/2017  11:13 am  Show Profile   Bookmark this reply Add nfine to your friends list Get a Link to this Reply
I'll never understand why people leave valuables in unattended vehicles.
Moderator
Learn More...
jbuck's Avatar
United States
189767 Posts
 Posted 10/06/2017  12:01 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I'll never understand why people leave valuables in unattended vehicles.
Nor do I. I guess they assume no one knows what they have and that no one would risk the unknown.
Pillar of the Community
kbbpll's Avatar
United States
4233 Posts
 Posted 10/06/2017  12:18 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply
The targeted scenario implies that they knew his flight schedule and/or what hotel he was staying at. I guess law enforcement would know whether some thief has been randomly grabbing stuff from cars at hotels or if this was unusual.
Pillar of the Community
nfine's Avatar
United States
3477 Posts
 Posted 10/06/2017  12:26 pm  Show Profile   Bookmark this reply Add nfine to your friends list Get a Link to this Reply
It could just be criminals looking in back seats for bags found this guy and his car.
Pillar of the Community
Mark1959's Avatar
7234 Posts
 Posted 10/06/2017  12:36 pm  Show Profile   Bookmark this reply Add Mark1959 to your friends list Get a Link to this Reply

Quote:
I'll never understand why people leave valuables in unattended vehicles.


Right, at least put items in the trunk instead of in plain view in the back seat. Although if hew was being followed because the thief new what he had then that wouldn't deter him much either.
Rest in Peace
Crazyb0's Avatar
10197 Posts
 Posted 10/06/2017  1:13 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply
For this amount of material to be stolen is not a random act. His itinary was known before hand, probably had mentioned he was going to show and sell a lot of coins, the phase "loose lips, sink ships" comes to mind. Some one casing his business "overheard" his conversation perhaps in his shop with a known customer. Made it convenient for crook(s) by putting valuables in standard baggage,inside instead of trunk. Thieves didn't have to risk stealing the car. They knew they were seen on video, bet face was hidden or "changed"...
Edited by Crazyb0
10/06/2017 1:15 pm
Moderator
Learn More...
jbuck's Avatar
United States
189767 Posts
 Posted 10/06/2017  2:04 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
It could just be criminals looking in back seats for bags found this guy and his car.
Plausible.
Pillar of the Community
doubleeagle59's Avatar
Canada
2495 Posts
 Posted 10/06/2017  4:58 pm  Show Profile   Bookmark this reply Add doubleeagle59 to your friends list Get a Link to this Reply
I'll be the first to say it.

Something doesn't seem right about this whole thing for too many reasons to list, but just how this whole crime went down, seems 'strange' to say the least.
Moderator
Learn More...
SsuperDdave's Avatar
United States
23522 Posts
 Posted 10/06/2017  5:30 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
Something doesn't seem right about this whole thing for too many reasons to list, but just how this whole crime went down, seems 'strange' to say the least.


Sure, if you haven't heard the same scenario playing around a coin theft a dozen times in the last fifteen years. Success breeds complacency.
Valued Member
Proof Nut's Avatar
Canada
393 Posts
 Posted 10/06/2017  5:41 pm  Show Profile   Bookmark this reply Add Proof Nut to your friends list Get a Link to this Reply
Odd that someone who has been in business for over 50 years would suddenly make these mistakes given he knew what he was carrying.

How does one get on an commercial flight with that kind of material, if as suggested he drove from the PIA?

Most newer vehicles are equipped with alerts and dashboard displays that let you know if a door has been opened.
Edited by Proof Nut
10/06/2017 6:28 pm
Moderator
Learn More...
jbuck's Avatar
United States
189767 Posts
 Posted 10/06/2017  5:42 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Sure, if you haven't heard the same scenario playing around a coin theft a dozen times in the last fifteen years. Success breeds complacency.
I agree.

It is easy to say we would have done something differently, but not everyone uses the same logic in these situations. "It cannot happen to me" and "If it has not happened to be by now" is more common than we think.
Pillar of the Community
oriole's Avatar
Canada
5253 Posts
 Posted 10/06/2017  6:45 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
It would not have been hard to determine where he would have been and when. Major coin shows give out the lists of dealers weeks in advance, the name of the hotel is publicized in advance (to get good rates), the start time of the show and the limited number of flights from Winnipeg would have unfortunately pinpointed his arrival rather precisely.

Given the risks of the coin business, we should not begrudge the dealers' profits.
Pillar of the Community
doubleeagle59's Avatar
Canada
2495 Posts
 Posted 10/06/2017  7:21 pm  Show Profile   Bookmark this reply Add doubleeagle59 to your friends list Get a Link to this Reply

Quote:

Quote:
Something doesn't seem right about this whole thing for too many reasons to list, but just how this whole crime went down, seems 'strange' to say the least.


Sure, if you haven't heard the same scenario playing around a coin theft a dozen times in the last fifteen years. Success breeds complacency.


Many other scenarios that you refer to are quite different to this one.

Most other ones, like the ones you hear about at US coin shows, happens when the dealer closes up his show and on his drive home, stops at a restaurant, where his car is broken into. The goods are stolen while the dealer is munching on his hamburger and fries.

In regards to Joe's theft, I find many differences and a few of them are a little too 'coincidental' for my liking.

I don't buy the 'random' theft story and I find the 'planned' coin heist a bit of a stretch.

I want to state for the record that I do not believe the Vancouver dealer set this up.

But.......for this robbery to be planned and for it to happen the way it has been described to us, strikes me as a one in a million occurance and all I'm saying is there must be a whole lot more facts that we do not know about.
  Previous TopicReplies: 71 / Views: 14,182Next Topic
Page: of 5

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.37 seconds to rattle this change. Forums