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Stolen Lots From Leu Numismatik

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Valued Member
159 Posts
 Posted 01/01/2019  07:25 am Show Profile   Check ancient67's eBay Listings Bookmark this topic Add ancient67 to your friends list Get a Link to this Message
Hello to all, and Happy New Year !

Here is a link to see the stolen lots from LEU (see also a previous post on this matter).

It is worth having an eye on them, in case they start to circulate...

Already being discussed in another section.

Pillar of the Community
United States
2238 Posts
 Posted 01/01/2019  08:49 am  Show Profile   Bookmark this reply Add tdziemia to your friends list Get a Link to this Reply
When I saw the first post on this unfortunate topic I wondered about the insurance angle, and asked myself these questions:
1. Assuming the coins were on consignment to the auction house, does Leu's insurer cover the losses and the consigner gets reimbursed?
2. IN this case where the theft occurred after an auction, would it be expected that the insurer reimburses Leu at the realized price for the lots? (in whcih case both Leu and the consigner are made whole)
3. IN the case where a theft would occur before the auction took place, how would the amount to reimburse be figured? By the pre-sale estimate? If I were a consigner, this would worry me, since some auction houses (in my opinion) systematically low ball their pre-sale estimates.

Anyone out there work in the insurance industry?
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