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Stolen Coin Collection

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New Member

United States
25 Posts
 Posted 09/13/2009  3:38 pm Show Profile   Bookmark this topic Add DAN505 to your friends list Get a Link to this Message Number of Subscribers
I seen this topic in ebay forums. Thought I would link to it
New Member
United States
25 Posts
 Posted 09/13/2009  3:40 pm  Show Profile   Bookmark this reply Add DAN505 to your friends list Get a Link to this Reply
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vermontensium's Avatar
United States
16679 Posts
 Posted 09/13/2009  6:28 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
All I can say is, that's terrible. In today's world, you can't drop your guard for a second. Unfortunately, that happened here.
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cownas22's Avatar
United States
1055 Posts
 Posted 09/13/2009  6:42 pm  Show Profile   Bookmark this reply Add cownas22 to your friends list Get a Link to this Reply
That is unbelievable. Jusy the 1852-C Half Eagle that guy lots was worth over $10k. That is a horrible loss, and something that is probably going to occur more now a days than in the past. Even more reason, if you don't already have one, to get a insurance policy taken out on your collection as most insurance companies only cover personal property for up to $200-$1,000 without a specific rider or stand alone umbrella policy. This month there is a great article on this subject in CoinValues magazine, deffinately worth the time to read.

My reaction is this happened to me...

Day 1
Day 2
Day 3
Day 4
Day 5
Day 6
Day7- Day 18,253...
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rjbjjwsl's Avatar
United States
53 Posts
 Posted 09/13/2009  6:57 pm  Show Profile   Bookmark this reply Add rjbjjwsl to your friends list Get a Link to this Reply
Not a subject that I ever really gave a lot of thought to before joining this forum. Being a collector, I want to be able to show my collection (meager as it is) to people. I am really having second thoughts about letting anyone know that I have this hobby. I am also looking seriously at a gun safe. Hopefully, it would be heavy enough and bulky enough to give my neighbors time to get the police.
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Morgans Dad's Avatar
United States
5606 Posts
 Posted 09/13/2009  8:11 pm  Show Profile   Bookmark this reply Add Morgans Dad to your friends list Get a Link to this Reply
I surely feel for this collector/dealer, I too small something rotten about him not "usually" bringing this amount of coins into his home, and find it to be a very, very, coincidental act of events.
I am a cynical person to a degree, also I believe it a very interesting out of the ordinary event that ultimately turned into a home invasion, or theft of personal belongings, I hope this person gets a tip from some kind soul, which leads to the return of this remarkable, numbered collection, before some fool, sells it ALL for a mere pittance of the value, or better yet, this same fool caught trying to sell it to a local coin dealer and they drop a quarter.......PS; I can not help but feel that these things are going to become a more heard about common problem.
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IBGolden's Avatar
Canada
598 Posts
 Posted 09/13/2009  8:32 pm  Show Profile   Bookmark this reply Add IBGolden to your friends list Get a Link to this Reply
I hafta stop reading these types of news items... I would just be in such despair, but this guy has it together. It does seem a little fortuitous that the burglary occurred when the collection happened to be where it usually isn't.

I hope something comes up, esp. with the very likelihood of the thieves trying to sell the gold pieces. There's alotta smart cookies collecting out there...

... In hopes of helping this person, I've copied and pasted his plea in its' entirty(without changes). I especially like the final p.s. If this is inappropriate for this site, I will gladly remove, or feel free to do the same.



Quote:
Plea for help
Sep 13, 2009 9:25 AM
12 September 2009

To whom this concerns,

My name is Michael Nelson. I live in Southeastern NH, and my family's home was broken into on 08 September 2009. Beside the myriad household items taken, I lost about 90% of my dealer inventory. It is not normal to keep nearly that many coins at home, but faced with certain circumstances earlier in the week, I got careless, and ended up doing so. This is not the first time I have been so careless, but it is the first time I have had my home invaded, and the coincidental burglary was very unfortunate. While I do not believe the thieves knew about the coins beforehand, and feel they never dreamt they'd come away with such a take, this painful lesson is indelible, and is changing my ways profoundly.Finally, after working on this for awhile, I have whittled my inventory list down to something more managable.

I will not trouble you with a detailed list of all of my inventory, but below are the coins I feel stand some chance of distinguishing themselves in the market. What remain unlisted are either raw generic dates, or common certified coins for which I failed to record the serial number.

Exceptional group of Seated half dimes
1844 PCGS MS65 S/N 21797238 (Bright white coin)
1847 NGC MS64 S/N unknown (red & blue toning around light centers)
1848-O NGC MS65 S/N 1940270-001 (creamy color, both sides)
1849-O ANACS MS60 Details (scratched) S/N unknown (bright white coin)
1850-O PCGS AU58 S/N 10759638 (dark original tonong)
1851-O NGC MS62 S/N 3234472-009 (bands of blue high and low on both sides)
1852-O Raw Near Gem (Brilliant obverse, streaky dark toned reverse)
1855 Raw Gem (bright coin with some speckling around the rims, loads of die polish on the obverse)
1856-O PCGS AU58 S/N 10759639 (dark original toning)
1868 NGC MS64 S/N 3110883-008 (deep blue green, both sides)

Half Dollar
1934 NGC MS63 S/N 3030757-007 (incredible original - mottled crescent toning both sides . . . just one mark worth mention . . . a pinprick on Liberty's torso. Definitely an undergraded coin)

Dollars
1860-O Raw MS63+ (Well-struck, lightly toned, with good luster and pretty, mark-free surfaces)
1972-P TY 2 Ike NGC MS65 S/N unknown

$2.50 Gold
1861 TY 2 PCGS MS61 S/N 15878130
1903 PCGS MS63 S/N 15878132
1904 PCGS MS64 S/N 15878133
1905 PCGS MS62 S/N 15878134
1912 PCGS MS62 S/N 15878136
1925-D PCGS AU58 S/N 13270382
1925-D PCGS MS64 S/N 15878141

$5.00 Gold
1852-C PCGS MS62 S/N 14206027
1881 PCGS MS63 S/N 15878143
1883-S NGC AU58 S/N 3188618-006
1894-S Raw XF (2 examples)
1896-S Raw XF (2 examples)
1905-S Raw AU
1907 PCGS MS64 S/N 14206028

$10.00 Gold
1878-S Raw XF
1896-S Raw AU
1897-S NGC MS61 S/N unknown
1905-S PCGS AU58 S/N 14206029
1912-S Raw MS62 (significant mark on bottom half of I in AMERICA and into field below, and VERY light horizontal hairline scratch across entier coin at eagle's neck)
1915-S Raw AU58 (light hairlining should hold back from MS)

$20.00 Gold
1889 PCGS Geniune No Grade S/N 14571442 (Unc with filed rims)
1890 Raw (cleaned)
1893 Raw (cleaned)
1902 Raw MS61+
1909-S Raw MS64

Commem Half Dollar
Lexington PCGS MS64 S/N unknown (Brilliant - intensely lustrous)
Boone 1937 PCGS MS65 S/N unknown (reddish original color)
Monroe PCGS MS64 S/N 03842897

Errors
1974 Cent struck thru Die Cap NGC S/N 1823867-026
1883-O Morgan struck through heavily greased dies, both sides ANACS S/N unknown
Turkish 25K Full Brockage PCGS MS67 S/N 03359779

While I'm pretty sure the thieves will remove my cost codes, please note that if they remain, the last 2 letters of my cost code on the back is always MN (for Mike Nelson) along with the date of purchase (give or take a day). This fact would be especially helpful in identifying the other coins in my inventory, that are not listed here as highlights. If you run across coins not on this list that possess such markings on the back, please shoot me a mail quizzing me on date of purchase for a given date and denomiation (I can look that information up in Quickbooks, and hopefully confirm that it is mine).

Finally, in addition to the coins above, I had brought home 12 $20 gold pieces; specifically 1879-S, 1881-S, and some combination of 1924 & 1927 (6 & 4 respectively, I think) to use as collateral in acquiring a coin collection. These were part of my retirement savings, and not company inventory, but they were also stolen. Because I bought these coins before establishing my business, they may not have the same cost codes and dates on them. Nonetheless, if presented with the above listed coins, you may safely assume they are mine.

I have very few email addresses, and would appreciate any forwarding you are willing to do from your own lists. To those who will, thank you very much for your generous offer to share your time and effort.

- Mike Nelson (ToughCOINS)

P.S. - I still have 24 of the above coins listed on ebay at ludicrous prices, simply to keep images on-line where interested parties can see them by typing my company name (toughcoins) into an ebay search.
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markapsolon's Avatar
United States
207 Posts
 Posted 09/14/2009  10:08 pm  Show Profile   Bookmark this reply Add markapsolon to your friends list Get a Link to this Reply
There are three ways to knock thieves off track even though sometimes they all do not work but it is worth it to have the added security. The first is a good safe (bolt that guy to the floor) and hide it somewhere, second get a good alarm system for your house ,and third take out an insurance policy on your collection. Most thieves are idiots and they may have been watching the house waiting to break in. They could have even lived right down the road (remember most thieves are idiots). They probably did not even know about or even think they would get the collection of coins. They just know they are valuable so they took them. I would go after the pawn shops or criagslist. They might even try a coin shop but if the dealer is knowledgeable he will ask himself how an idiot like this guy got a hold of a 10 grand coin and does not even know what he has.
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coins92's Avatar
United States
851 Posts
 Posted 09/14/2009  10:14 pm  Show Profile   Bookmark this reply Add coins92 to your friends list Get a Link to this Reply
I wonder if he'll try to take any to the Philly Expo to sell? I'll look for any suspicious people with abnormally large collections they are trying to unload.
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mycrob's Avatar
United States
2602 Posts
 Posted 09/16/2009  6:04 pm  Show Profile   Bookmark this reply Add mycrob to your friends list Get a Link to this Reply
Because of the serial numbers, a thief would likely remove all the coins from the holders. When my collection was stolen in 2006, I ahd a large number of certified coins. When they caught the burglars, they had aonly about 1% of what they stole in their possession. All the coins were loose in containers (AGH!), some had fingerprints on them, etc.

So I believe they will take them out of the holders, which will make them very hard to trace, not to mention probably drop their numismatic value by handling them wrong.
Bedrock of the Community
United States
20753 Posts
 Posted 09/17/2009  6:14 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I've said this before. A neighbor of mine had a fantastic safe for his Gold Coins. It was bolted to the floor and wall and was really heavy especially when full. He had a home sentry burglar alarm system and all was supposed to be insured. No one really knows how burglars learned about it all but he went on vacation. While gone a moving van pulled up in front and the movers started to load up everything. A few neighbors asked the movers what was going on and they said the people that lived there decided to stay where they were.
When the vacationers came back and found an empty house, they checked with the home security agency that told them they called and someone answered that everything was OK. The insurance covered only a portion of everything naturally. OH, yeah, that safe. They took that too and the security system as well.
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markapsolon's Avatar
United States
207 Posts
 Posted 09/18/2009  8:54 pm  Show Profile   Bookmark this reply Add markapsolon to your friends list Get a Link to this Reply

Quote:
I've said this before. A neighbor of mine had a fantastic safe for his Gold Coins. It was bolted to the floor and wall and was really heavy especially when full. He had a home sentry burglar alarm system and all was supposed to be insured. No one really knows how burglars learned about it all but he went on vacation. While gone a moving van pulled up in front and the movers started to load up everything. A few neighbors asked the movers what was going on and they said the people that lived there decided to stay where they were.
When the vacationers came back and found an empty house, they checked with the home security agency that told them they called and someone answered that everything was OK. The insurance covered only a portion of everything naturally. OH, yeah, that safe. They took that too and the security system as well.


smart burglaries..or very brave, dumb security monitor and neighbors. The lesson learned is never go on vacation from your collection or at lest always have the alarm setup up where the system calls your cell and the monitoring service knows you are away on vacation. At lest get a monitoring service that has a verbal security code for false alarms when they call the residence.
Edited by markapsolon
09/18/2009 10:20 pm
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xshift's Avatar
United States
2669 Posts
 Posted 09/18/2009  9:37 pm  Show Profile   Bookmark this reply Add xshift to your friends list Get a Link to this Reply

Quote:
At lest get a monitoring service that has a verbal security code for false alarms when they call the residence. Mine does.


Any I've spoken to do as well. That's why they call - there could be someone under duress, and if you don't know the code word, they send the police regardless. Maybe it's a relatively new thing?
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lilaznkev1n's Avatar
Australia
126 Posts
 Posted 09/18/2009  10:42 pm  Show Profile   Bookmark this reply Add lilaznkev1n to your friends list Get a Link to this Reply
this is so sad...
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collectall's Avatar
Canada
610 Posts
 Posted 09/19/2009  12:16 am  Show Profile   Bookmark this reply Add collectall to your friends list Get a Link to this Reply
I too know how the guy feels. I had part of my collection stolen by a GOOD FRIEND(Couldn't prove it though) Only the top valued coins were stolen Probably hopeing I wouldn't notice them gone for a while.(AT LEAST I DIDN"T LOSE MY WHOLE COLLECTION!)I hope some how,some way the guy gets back some/most of the stolen items and the thief/thieves G E T C A U G H T!!
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vermontensium's Avatar
United States
16679 Posts
 Posted 09/19/2009  04:55 am  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply

Quote:
I had part of my collection stolen by a GOOD FRIEND

That is really sad. Someone who you trust, in my case, my life. I have already posted in this thread but want to add another point, some of which have been mentioned already. I keep 100% of my collection at my banks safe deposit box and take really nice pictures that I can enjoy at home on my PC. Gun safes are great assets which if bolted to the ground, will be fine. However, if a thief sneaks up on you and puts a gun to your head, well, you have a problem. I too have a small safe that I keep coins I'm selling only in my house. It's VERY well hidden but can eventually be found if they look hard enough.
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