Coin Shop Heist Nets Estimated $750,000

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Author	Replies: 4 / Views: 1,507
Amazon99 Pillar of the Community United States 2443 Posts	Posted 12/20/2007 12:47 pm http://www.wkyc.com/news/news_artic...toryid=80098 (photos in link) Quote: Vic Gideon Created: 12/19/2007 10:56:30 PM Updated:12/20/2007 9:01:49 AM AKRON - It seems like a plot out of a Hollywood movie: thieves break into a vacant storefront, carve their way through a wall and armed with a torch, get their hands on what is inside a loaded safe. But Akron Police detectives believe that scenario is exactly what happened at Chet's Coin Shop sometime this past weekend. The shop's owner, 73-year-old, Chester Endress lost some rare coins in the heist, including a 1795 Half Dime and a 1925 Buffalo nickel worth an estimated $50,000. Endress has been collecting coins since he was a teen-ager. Police believe the suspect or suspects broke into the vacant shop next door to the coin shop and tore through a wall which led to a closet inside the coin shop. According to a police report, the suspect(s) then used a torch to get into a safe where Endress kept some of his coins. No arrests have been made in connection with this case. Wow, that's horrible and for it to happen four days from Christmas. Report this Post to the Staff

Nelrak Pillar of the Community United States 974 Posts	Posted 12/20/2007 1:10 pm Hopefully he had insurance... Report this Post to the Staff
gatzdon Valued Member United States 280 Posts	Posted 01/09/2008 11:11 am Not just insurance, but an appropriate amount of insurance. Report this Post to the Staff
CoinHunter53562 Pillar of the Community United States 2049 Posts	Posted 02/03/2008 11:27 pm I am surprised that he didnt appear to have some sort of alarm system. I know if I had $750K worth of coins, I would have a pretty advanced security system installed to protect my investment. Report this Post to the Staff
bobby131313 Forum Dad United States 24150 Posts	Posted 02/03/2008 11:40 pm quote: Not just insurance, but an appropriate amount of insurance. So true. Most people don't understand what they do if your underinsured. Even if he had $750K in insurance he might not get paid in full if he was underinsured. Policy states $750K. $750K stolen. You better have nothing left in the store. If you do, they break out the private experts and the calculator to determine what percentage you're underinsured, then knock that percentage off the $750K when they pay you. Shop CCF Members on eBay. Report this Post to the Staff
	Replies: 4 / Views: 1,507

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