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 Replies: 25 / Views: 4,518 |
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Pillar of the Community
United States
2224 Posts |
Don't think this has been posted here yet. Article does not mention specific coins taken, but if any dealer in the SE Massachusetts/Rhode Island area is approached to purchase coins best to be careful. http://www.tauntongazette.com/newsn...len-from-car |
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Pillar of the Community
United States
2130 Posts |
 I read here about a year or so ago of another similar incident. o| |
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Moderator
 United States
23522 Posts |
Quote:
The victim, police said, told them it's not uncommon for thieves to follow collectors from coin shows in order to steal valuable merchandise.
He knew, yet he still engaged in behavior maximizing the possibility of theft. My heart goes out to the poor guy - nobody deserves such treatment - but if you're going to carry >$40k in immediately-liquid assets (as the article hints), you need to not only make strict plans regarding their transport, you need to adhere to them. I am very, very glad this guy ran afoul of people who cared whether he was present at the time, or not. Some don't get that consideration. |
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Moderator
United States
16679 Posts |
Every one of these cases that I have read about, the victim (coin dealer) always stops somewhere whether it be to eat or to visit a friend or whatever. This is when these low lifes strike. If you want to drive home with $40K in coins in your car instead of hiring an armored service, that's your business. I would not take those chances.
swcoin.ecrater.com
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Bedrock of the Community
United States
36800 Posts |
It's amazing that as often as this happens, dealers still continue you leave a vehicle unattended with inventory inside, just plain crazy.
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Pillar of the Community
United States
5856 Posts |
Dang! I've been to that coin show and afterwards stopped off to visit my brother who lives nearby.
That could have been me...
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Valued Member
United States
376 Posts |
$40,000 just gone... hm. Probably wouldn't be too happy about that.
I better flip some silver for a gun! lol
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Pillar of the Community
United States
1116 Posts |
Stories like this have been making the rounds for quite awhile. You'd think that a dealer would know how to take precautions. If you are carrying around $40K in stock and knowing that things happen, a bonded carrier doesn't seem to small a cost to secure their safe arrival where you want them to be.
Sorry about the theft, but we all know bad things happen. I went to a coin auction this evening and when I left I didn't take the most direct route to my home, and I was certainly carrying less than $300 in coins. Paranoid maybe, careful yes.
A simple thing like driving 10mph under the speed limit will soon let you know if someone is following you. No driver wants to follow a relatively slow driver for very long.
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Pillar of the Community
United States
5832 Posts |
Heard it too often, latest incident was a local dealer in my area left some inventory in his car, and when he went to retrieve it after dropping of the first load, his second round of pick up disappeared. It only takes seconds for these low life to do their job, and many years for collectors and dealers to built it.  |
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Bedrock of the Community
United States
14454 Posts |
you hear about this type of thing after just about every big coin show and I am sure it happens just as much at smaller coin shows as well you just may not hear about them as much
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Valued Member
291 Posts |
This happens often enough that you'd think dealers would know better by now.
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Bedrock of the Community
United States
19961 Posts |
Man, that's horrible! Then again, who would leave $40k sitting in their car?
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Pillar of the Community
Australia
4411 Posts |
No one would leave $40k n $100 bills in their car. Why would you leave $40k in coins  You gotta feel for him but really its his negligence that bit him in the bum. |
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Pillar of the Community
Australia
7096 Posts |
Quote:
Every one of these cases that I have read about, the victim (coin dealer) always stops somewhere whether it be to eat or to visit a friend or whatever. This is when these low lifes strike. If you want to drive home with $40K in coins in your car instead of hiring an armored service, that's your business. I would not take those chances. If these coins were insured ( $40.000 worth I would insure them) It could simply be a case of insurance fraud |
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Pillar of the Community
United Kingdom
616 Posts |
Insurance fraud was my first thought when I heard the story.
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Pillar of the Community
United States
8517 Posts |
Exactly what I thought too.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Replies: 25 / Views: 4,518 |
Posted 09/11/2012 8:37 pm
