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Replies: 19 / Views: 5,963 |
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Bedrock of the Community
 United States
12857 Posts |
 and back to my original point - a camera system would cost less than $200 and would at least be a bit of a deterrent. Also at $36k I'd hire security!
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Valued Member
260 Posts |
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Valued Member
260 Posts |
Or put a tracking device on the coin holder, maybe!
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Bedrock of the Community
 United States
12857 Posts |
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Bedrock of the Community
United States
17884 Posts |
Quote: Also at $36k I'd hire security! Could you see that at all the major shows? Each table surrounded by security guards and the customers can't get close to the tables.
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Bedrock of the Community
 United States
12857 Posts |
Quote: Each table surrounded by security guards and the customers can't get close to the tables. Haha - indeed. But seriously...when you have something with such a high value density... it's silly to put it out on display without some kind of protection. We've all heard way too many stories about thefts from/at coin shows. "Oh, you want to see this $36k coin? Please bask in its glory within this heavy acrylic case equipped with LoJack. To physically hold it you must trade me a stack of 360 $100 bills, which will be returned to you when the coin is back in its case. Oh and smile for the camera. This? Why yes, I do have a concealed carry license for this .45."
Edited by CelticKnot 08/21/2015 6:28 pm
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Pillar of the Community
United States
6370 Posts |
When I was at the Colorado Springs show, there was only one dealer who had a security camera system at his table. I commended him on it, and he said is was just a simple precaution and he didn't understand why other dealers weren't doing it.
Also, some of the dealers I visited didn't exercise personal security. I would sit down and start looking through their piles of boxes of 2x2s, and they would divert their attention so something or someone else, and they let me stack the boxes in a way that blocked their view of what I was doing (unintentionally; I was just trying to go through as many coins as possible in the limited time I had). I could have easily stolen hundreds, if not thousands, of dollars in coins while they weren't paying attention. (And no I didn't steal anything; I couldn't live with myself if I did). I pay attention to these things, and I should start telling the dealers about their lapse in security.
Edited by TypeCoin971793 08/29/2015 08:17 am
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Pillar of the Community
United States
536 Posts |
Do people really buy $36k coins from a dealer table? (I'll never see that much money in one place, so I have no idea!)
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Valued Member
260 Posts |
Quote: Do people really buy $36k coins from a dealer table? (I'll never see that much money in one place, so I have no idea!) *** Edited by Staff to add quote tags. Please use them in the future. Posts are very difficult to read without them.***I don't think so! Anyway, to solve the problem of not ever seeing that much money in one place, if you ever make a trip to Atlanta, GA, be sure to stop at the Federal Bureau bank. They have a pallet with $2,400,000.00 worth of $5 bills in it. Then you can pick up free bags of shredded money! Admission is free and you can see a lot of cool stuff there.
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Forum Dad
 United States
24182 Posts |
Quote: I don't think so! Seen it many times.
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Pillar of the Community
 United States
4596 Posts |
ANA 2013, I was chatting to a nice dealer about around a $100 purchase. He sees somebody passing by and asks me if he can show something to "a buyer from Tokyo". He pulls a slab from his pocket, shows it to the gentleman... who looks it over and hands it back saying "Nice, but not for me". Whereupon the dealer turns back to me and hands me the slab saying "you have to look at this". It was clear I knew nothing about Morgan dollars so he proceeded to spend about 10 minutes starting to educate me about the $75,000 Morgan in something like MS67+ he had pulled out from his pocket.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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Forum Dad
 United States
24182 Posts |
At the Philly ANA years ago Rare Coin Wholesalers came to our table with their checkbook. They were looking for a specific type coin and wanted all we had. We had about 4K worth, but if we had 50K worth he would have wrote check for that too. Can't remember what it was he was looking for though at the moment.
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Pillar of the Community
United States
6370 Posts |
Quote: I don't think so I've seen $200,000+ coins in dealer cases. Granted they sat by that locked case for the whole show...
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Moderator
 United States
16679 Posts |
Quote: Do people really buy $36k coins from a dealer table? Not trying to beat a dead horse but I've not only held and seen 300-500K coins at shows but have seen transactions involving 100-200K in coins many times. Having said that, here is the deal. I would have a security system on the entire time recording. Camera pointed at every case. This is just what it's become unfortunately. Your not keeping criminal minds from coming to these shows. If your selling 36K bullion.. You can afford to do this. Secondly, all cases will remained locked. I'd handle one customer at a time if that's what it took. Dealers have to become much more security aware.
swcoin.ecrater.com
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Bedrock of the Community
 United States
12857 Posts |
 It's just the world we live in these days. There was a time you could go wait for your arriving party at the airport gate. Not an option these days as a result of the evil of some people.
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Replies: 19 / Views: 5,963 |
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