Least we now have a description of the show set up. I feel bad for the dealer who got robbed. I also feel bad for anyone who is truly innocent who will come under suspicion in this. Jerry
You know, I feel bad for this dealer that was robbed. But what if a collector walked up to his table and bought $100,000 worth of those coins, then how much $ was the collector robbed for?
<< <i>The fellow entrusted with watchching Fred's stuff should be held accountable somewhat. ...Do dealers consider this a binding obligation to protect the other persons property and accept liability? I don't think so. >>
As far as I know, you just about have it all if you read my initial post and some of my follow ups. None of the coins have been spotted yet as far as I know.
There was a short blurb in the new NN about the robbery, and it included a link to this thread to see a partial list of what was stolen.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
There is a good write-up in the July19th Coin World about this robbery. according to the story, the dealer had two briefcases and a bag of other "stuff" sitting behind the table that he was sharing with another dealer. The briefcase that was taken had all of the high priced coins in it and the other case had the average or less expensive stuff in it. Seems like someone knew what they were looking for????
mr bear is correct..also if i was a smaller dealer with a small suitcase with many tens of thousands of dollars in coins in it..and presumably most of my entire business inventory..you can be 150% sure i would not leave it laying around somewhere behind my table unattended and unwatched..it would be on my person at all times or carefully watched at all times..
Sorry about the loss. Glad to hear there was insurance. If there was any "insider" stuff going on be sure the insurance company will check that out before paying off and depending on the policy there is little chance the dealer will get a windfall. The thought expressed above regarding innocent people being placed under the cloud of suspicion is well stated and unfortunately those individuals will never get compensated for their agony. I wouldn't jump on DorkKarl either as he is merely stating what the insurance investigators will be considering as an alternative explanation as part of their job.
Comments
no kidding! how did this conversation go?
"here, Bud, will you watch my briefcase? it's got a half a million dollars of rare coins in it."
"sure, I'll keep an eye on it"
however many minutes later,
"ok I'm back, let's have that case of coins.."
"uh... looks like it's gone"
Liberty: Parent of Science & Industry
"sorry about that, man."
??
Liberty: Parent of Science & Industry
<< <i>The fellow entrusted with watchching Fred's stuff should be held accountable somewhat. ...Do dealers consider this a binding obligation to protect the other persons property and accept liability? I don't think so.
>>
Anyone want to know about "bailment law"?
Don't ask, it's too convoluted.
K S
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
I think I would either spend some money and hire an off duty cop ,to watch the table
and escort me to my car, or I would skip the show and stay home.
Shows should be required to have a plan in the event of a robery as well as cameras
filming the floor of the show as they do in Vegas. If the show cant assure patrones and dealers
of security, then they had best not put a show on at all.
Camelot
The only way I'd walk around with $250k in coins is surrounded by 4 guys with Uzi's and snipers on the roof tops.
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since 8/1/6
<< <i>...and snipers on the roof tops. >>
And we don't mean last-second eBay bidders, either!