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 Replies: 71 / Views: 14,179 |
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Valued Member
Canada
288 Posts |
You can't melt 1969 Large Date dimes, and three 1921 five cent coins might yield $3 or $4 in silver. And the paper money is useless unless they try and spend it. This stuff cannot be quickly gotten rid of, unless whoever stole it is deeply connected to deep-pocketed specialists. That seems unlikely, considering who this material was stolen from.
I am alerting Heritage to the situation, in case they don't know.
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Moderator
 United States
189340 Posts |
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I'm more or less afraid that a lot will end up at the melting pot if the thieve(s) find out how hard it will be to sell some of these... I think this is a very real possibility.  Quote:
You can't melt 1969 Large Date dimes I am curious, why not? |
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Valued Member
Canada
288 Posts |
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I am curious, why not? They are struck in nickel and have zero intrinsic value. |
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Moderator
United States
189340 Posts |
So, you can melt them, but it is not worth effort. Thank you for the response.  |
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Pillar of the Community
Canada
5324 Posts |
Joe is one of the smartest dealer, I am almost sure that he had insurance on these items, but most important is he is okay
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Pillar of the Community
Canada
4911 Posts |
Joe appeared fine..didn't look like the happiest camper but he looks to be physically unharmed and was such a trooper that he still has his table at the expo, although it is obviously a lot different than how it was supposed to look....i hope everything works out in the end and I hope his precious pieces are unharmed and returned safely..i live in Mississauga so this is quite scary to me. anyone know where in Mississauga it occurred?
i'll be alerting my lcs tomorrow..
Feel free to call me Will.
Edited by thedollarman
09/29/2017 6:26 pm
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Valued Member
Canada
170 Posts |
You guys say these will be hard to unload, Bills yes because of serial numbers.
But how can anyone trace a coin? You have no way of saying thats stolen and its mine.
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Pillar of the Community
Canada
2495 Posts |
There's zero chance these coins will be melted.
It's obvious to me, whoever stole these coins, knows the full value of them and therefore will not melt them.
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Pillar of the Community
 Canada
5591 Posts |
It wouldn't surprise me that whoever stole the items is looking at this website to what's going on and who's looking where. Whoever it was had to have known who had what and who to follow to complete their planned actions. I feel so sorry for Joe .. he was/is a very nice guy.
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Pillar of the Community
Canada
2984 Posts |
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You guys say these will be hard to unload, Bills yes because of serial numbers.
But how can anyone trace a coin? You have no way of saying thats stolen and its mine. I agree with you when it comes to the coins. Especially if the crook takes the coins out of its holders. On a side note, I wonder why there is no coverage of the robbery in the mainstream media. The more people know about the theft the more that will be on the look out for them. Edited by MoneyPenney
09/29/2017 11:58 pm
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New Member
Canada
34 Posts |
^^^^^I know I cannot find it[the robbery anywhere]but here?
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Forum Dad
United States
24173 Posts |
Has anyone heard any details at all? Smash and grab? Anything?
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Valued Member
Canada
393 Posts |
Wow, pretty scary if you ask me!  Most of the time when I open my email and see the NCIC notices which seem to be getting more and more frequent, I quickly skim through the information as almost all of the time it's a U.S. Dealer, Coin Shop or show that has been targeted. As soon as I read Canadian Dealer & Million Dollar loss in the subject line my heart sank with a number of names immediately coming to mind. The email which directly linked to CCN provided little additional information which prompted me to head to this forum and to the NCIC website to see if this crime had been posted. Unfortunately the NCIC site seems to be lagging somewhat behind and not much help if you're trying to match up potential purchases against a list of stolen items. Quote:
A prominent Canadian coin dealer, Joseph Iorio of J and M Coins in Vancouver, had virtually his entire travelling coin inventory stolen earlier this week. It includes some serious rarities and almost certainly in excess of $1 million. Wonderful to read to hear that Joe is at the Coin Expo and among friends and supporters who can help him through this great tragedy. Even more disappointed now that I couldn't attend. This is every collector and dealer's worst nightmare and has long term negative effects on the hobby. It is not uncommon faced with a similar situation, for some to call it quits and/or retreat from public events. With any luck the perpetrator(s) will make a dumb move and or try to sell some of the inventory for quick cash and get caught. If they're smart enough to understand and realize the value of what was stolen it's unlikely they will surface any time soon. Let's hope they don't suddenly show up on Kijiji, e-Bay or a major numismatic auction next year and are recovered quickly. Edited by Proof Nut
09/30/2017 12:33 pm
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Pillar of the Community
Canada
1051 Posts |
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But how can anyone trace a coin? You have no way of saying thats stolen and its mine. I guarantee there are photographs of some (if not most) of the higher end coins, some easily referenced in auction catalogs. The Landon red cents would likely strike anyone as very odd if presented for sale raw at an MS-66 grade. There are only so many people looking for this kind of material, and they are pretty astute when it comes to what they buy. |
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Pillar of the Community
Canada
3234 Posts |
I just hope that that the bad guys are stupid enough to try and move something.
All coin shops and dealers etc..show be alerted and sent clear large photos of each item if possible.
Would be wonderful to catch them and then Joe could get all of it back..(wishful thinking ..I know..........)
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Replies: 71 / Views: 14,179 |
First Page
Posted 09/29/2017 5:41 pm
