Article On Satgs--Targetting Coin Dealers Next?

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

Author	Replies: 4 / Views: 1,772
DVCollector Bedrock of the Community United States 10045 Posts	Posted 01/21/2014 5:10 pm This article was sent to me by a friend in the gem trade. If these gangs are targeting jewelers, I would think they'll target coins/bullion as well--because generally they are more liquid than gems. "South American Theft Groups...‘SATGs.' They are highly organized, operationally competent, military-trained, skilled in surveillance, and have financial backing. They are predominantly, but not all, Colombian nationals. They can be of either sex, and can look like any other American: black, white, or tan skinned." Report this Post to the Staff

BStrauss3 Pillar of the Community United States 4589 Posts	Posted 01/21/2014 7:13 pm It's a lot easier to tuck $1m of diamonds in your pocket than $1m in gold. -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ Report this Post to the Staff
DVCollector Bedrock of the Community United States 10045 Posts	Posted 01/21/2014 7:34 pm You're right about that! No doubt, that's a big reason they're targeting gem dealers. Still, I'd be careful. Diamonds are rather hard to resell because of the huge markup and narrow distribution channels. I suspect that colombian emeralds or Burmese rubies wouldn't have this much of a problem--they're in universal demand. Edited by DVCollector 01/21/2014 7:34 pm Report this Post to the Staff
westernsky Pillar of the Community United States 7617 Posts	Posted 01/21/2014 7:40 pm Criminals steal from whom they deem to be the weakest target It's always worked that way. Most jewelry stores ...especially at mall locations....have weak visible security by design so they have lots of smash and grabs. A lot of coin/bullion dealers have readily assessable guns and armed security on premises. A criminal can get blown away at either place but the mall jewelry clerk making 10$/hr is less likely to shoot back. Report this Post to the Staff
austrokiwi Pillar of the Community 2087 Posts	Posted 01/22/2014 03:40 am Quote: It's a lot easier to tuck $1m of diamonds in your pocket than $1m in gold. I understood the the point was warning coin collectors and dealers, not bullion dealers. $1 Million in investment grade rare coins would be just as easy as $1m in rare diamonds....and they would, relatively, sell more easily. In parts of Europe rare coins are used to launder money. Report this Post to the Staff
	Replies: 4 / Views: 1,772

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

All Forums Category: General Numismatic Forums Forum: Numismatic Crime

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

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

It took 0.32 seconds to rattle this change.