Congrats to David Schweitz - 1919 S SLQ recovery
Android
Posts: 726 ✭
I'm not sure if this has been posted here yet, if it has, I apologize, but if it hasn't it's worth mentioning as this was a topic of interest to everyone here a while back.
A rare and valuable coin submitted to NGC for grading during the recent Suburban Washington/Baltimore coin show was recognized by NGC as one reportedly stolen last January. The 1919-S quarter dollar has now been certified and encapsulated, and soon it will be returned to its rightful owner.
A $10,000 reward was offered at the time by dealer David Schweitz for the return of his coin stolen during lot pickup for Superior Auctions’ sale in conjunction with the FUN show on January 5, 2004. At that time the coin was in a PCGS holder and graded MS-67 FH (full head). Nothing more was heard of this coin until it surfaced raw (unencapsulated) during the July 8-10 Baltimore show.
Submitted to NGC for grading and encapsulation, it seemed quite familiar to NGC Chairman Mark Salzberg, who was serving as Grading Finalizer for the NGC team. Salzberg, who has a phenomenal memory for the coins he’s seen, believed it to be the piece reported as stolen in January. Confirmation of this was made by NGC with Superior and with David Schweitz, who was pleasantly surprised to discover that his coin had been recovered and permitted NGC to proceed with the grading and encapsulation on his behalf. The name of the person submitting the coin to NGC at the show has not been released, pending an investigation.
The recovered 1919-S Standing Liberty quarter is now in an NGC holder with the grade of MS-67 FH. A fully struck gem, it features an amazingly sharp strike throughout and light amber toning around its peripheries. It is the finest example of this scarce issue certified by NGC.
David Schweitz was delighted at the recovery of his coin: “I want to thank the entire staff at NGC and Mark Salzberg in particular for his sharp eye.” To express his gratitude, Schweitz is donating $5000 to the American Numismatic Association on behalf of NGC.
A rare and valuable coin submitted to NGC for grading during the recent Suburban Washington/Baltimore coin show was recognized by NGC as one reportedly stolen last January. The 1919-S quarter dollar has now been certified and encapsulated, and soon it will be returned to its rightful owner.
A $10,000 reward was offered at the time by dealer David Schweitz for the return of his coin stolen during lot pickup for Superior Auctions’ sale in conjunction with the FUN show on January 5, 2004. At that time the coin was in a PCGS holder and graded MS-67 FH (full head). Nothing more was heard of this coin until it surfaced raw (unencapsulated) during the July 8-10 Baltimore show.
Submitted to NGC for grading and encapsulation, it seemed quite familiar to NGC Chairman Mark Salzberg, who was serving as Grading Finalizer for the NGC team. Salzberg, who has a phenomenal memory for the coins he’s seen, believed it to be the piece reported as stolen in January. Confirmation of this was made by NGC with Superior and with David Schweitz, who was pleasantly surprised to discover that his coin had been recovered and permitted NGC to proceed with the grading and encapsulation on his behalf. The name of the person submitting the coin to NGC at the show has not been released, pending an investigation.
The recovered 1919-S Standing Liberty quarter is now in an NGC holder with the grade of MS-67 FH. A fully struck gem, it features an amazingly sharp strike throughout and light amber toning around its peripheries. It is the finest example of this scarce issue certified by NGC.
David Schweitz was delighted at the recovery of his coin: “I want to thank the entire staff at NGC and Mark Salzberg in particular for his sharp eye.” To express his gratitude, Schweitz is donating $5000 to the American Numismatic Association on behalf of NGC.
We are finite beings, limited in all our powers, and, hence, our conclusions are not only relative, but they should ever be held subject to correction. Positive assurance is unattainable. The dogmatist is the only one who claims to possess absolute certainty.
First POTD 9/19/05!!
First POTD 9/19/05!!
0
Comments
Camelot
<< <i>Darn, thats the last time I submit a stolen coin to NGC.
Me too
Rut-roh - looks like somebody's a goin' to jail.
I still can't stress this enough - after you pay $100,000 for your coin, take a few extra seconds and pick it up and put it in your pocket.
My posts viewed
since 8/1/6
<< <i>Rut-roh - looks like somebody's a goin' to jail. >>
It would be interesting to find out who the submitter was.
First POTD 9/19/05!!
Here's a warning parable for coin collectors...
I hope the guilty party goes to jail !
This is going to be good.
....of course the submitter of the 19-S will say something like, "uh...oh....uh....I bought this coin from a guy that I met in the bathroom at a coin show. I paid him cash for the coin and forgot to get his name."
Seriously though, I would guess that the coin was laundered a few times to separate the criminal from the coin. Could anybody be so stupid to think that they could steal a 6 figure coin, submit it for grading, then subsequently sell the coin without being noticed? If so, they should get a few extra years just for being stupid.
Our eBay auctions - TRUE auctions: start at $0.01, no reserve, 30 day unconditional return privilege & free shipping!