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Replies: 14 / Views: 3,092 |
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Pillar of the Community
United States
505 Posts |
A gunman who robbed a Tualatin [Oregon] coin shop Wednesday fled with five coins worth $7,000, and then sold the coins at a Beaverton coin store for less, police said.  A man pointed what looked like a silver long-barreled handgun, demanded an employee remove a tray of coins from a glass display case and place it in front of him, according to police. The suspect snatched five coins and took off in a black Chevrolet Silverado pickup, its canopy missing a rear window, police said. The Oregonian OregonLive details: https://www.oregonlive.com/crime/20...ice-say.html
Edited by willieboyd2 12/26/2020 10:14 am
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Bedrock of the Community
 United States
94367 Posts |
At least he understood the Beaverton dealer needed a markup.
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Pillar of the Community
 Canada
5185 Posts |
What a mad house our world has turned into . A year ago a guy walking into a place that sold valuables or a bank , wearing a mask would not get past the front Door . Sadly the loser in this is the second coin dealer he is out the coins and the money .
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Pillar of the Community
 United States
6498 Posts |
Yea. I was thinking about the second coin shop owner too. I would hope that his insurance would cover something like that. But I don't know. I would think that the original coin shop owner would have somehow put out an APB to other coin shops in the area to be on the lookout for the stolen coins.
People sure can suck sometimes.
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Pillar of the Community
2145 Posts |
Quote: Sadly the loser in this is the second coin dealer I can see it now in the headlines: "Coin dealer arrested for receiving stolen property"
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Pillar of the Community
 United States
8923 Posts |
Quote: I would think that the original coin shop owner would have somehow put out an APB to other coin shops in the area All of the dealers in the US have a database of stolen or missing coins. We regularly check it and are notified when it updates.
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Pillar of the Community
United Kingdom
2077 Posts |
When I lived in a place with coin stores, all the dealers would agree a purchase price, ask the seller their name and address. If the seller declined to provide it, they would refuse to buy. if they did provide it, they asked for proof of address, and when received, would issue a cheque for the purchase price - not cash.
That prevented almost everyone from selling stolen coins and in one case, where the thief provided his real address, the police arrested him.
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Pillar of the Community
 United States
8923 Posts |
Quote:
When I lived in a place with coin stores, all the dealers would agree a purchase price, ask the seller their name and address. If the seller declined to provide it, they would refuse to buy. if they did provide it, they asked for proof of address, and when received, would issue a cheque for the purchase price - not cash. That's what we do. No cash over $50 and must have a government issued ID we make a copy of.
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Pillar of the Community
United Kingdom
2077 Posts |
So, did the Beaverton dealer not apply the rules or did he take a risk?
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Pillar of the Community
1110 Posts |
That armed robber would have been in BIG trouble if he wasn't wearing his mask!! The Covid police would have found him!  He's wearing a mask, he's free to go! 
Edited by MOS0239 12/26/2020 4:35 pm
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Pillar of the Community
Canada
5045 Posts |
I think that the buying rules are dependent on the state/ city. My LCS never seem to ask for ID. I live in Ottawa, Ontario. Perhaps I didn't notice.
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Pillar of the Community
 United States
505 Posts |
KOIN News by: Amanda Arden PORTLAND, Ore. (KOIN) — Tualatin Police officers arrested a man Monday who they believe committed an armed robbery from a coin shop on Dec. 23. Police say The Washington County Tactical Negotiations Team and the Washington County Crisis Negotiation Unit took Marcel Ikaika Kuikahi Macy into custody as he left his home Monday morning. Macy was lodged at the Washington County Jail on a Measure 11 robbery charge. Investigators believe Macy was armed when he took $7,000 in coins from a Tualatin coin shop and sold them to a Beaverton coin shop for $5,497. Police said the robbery occurred at around 11:25 a.m. They said the suspect walked into the Local Coin Company, pointed a long-barreled or semi-automatic gun at the employee and demanded a tray of coins be removed from a display case. He then grabbed five coins and left the scene in an early 2000s Chevy Silverado. Not long after, the robber went to Harry's Coin Shop in Beaverton and sold the stolen coins. Tualatin police released surveillance photos of the suspect and the truck and later identified Macy as the suspect. 
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Pillar of the Community
United States
1427 Posts |
Glad they found him! Wonderful happy ending to a terrible incident
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Valued Member
United States
59 Posts |
"he took $7,000 in coins from a Tualatin coin shop and sold them to a Beaverton coin shop for $5,497."
That is a fairly narrow spread for numismatic coins. Maybe some generic gold coins with little value beyond bullion, that were then sold for bullion value.
If those were numismatic coins (e.g. carson city silver dollars or something similar), that would indicate to me that the first shop had fair prices.
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Bedrock of the Community
 United States
94367 Posts |
Without knowing the details of the stolen coins, any judgment is speculative.
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Replies: 14 / Views: 3,092 |
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