$50,000 in coins swiped from collector’s car - When dealing with a FLAT TIRE
keyman64
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...stinkin' creeps!!!!
He went inside to inquire about the tire. When he came back out about 10 to 20 minutes later his passenger window was broken out and two bags containing about $50,000 worth of collectible coins were gone, police said. "
First one I'd check is the new mechanic they probably just hired.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
I don't like the leave anything in view in the car. A criminal will do $1000 damage to a car to steal a $20 pair of sunglasses.
Sure hope the victim is insured.... or perhaps that was the game all along?
Check out some of my 1794 Large Cents on www.coingallery.org
<< <i>Is he out of his friggin mind stopping in Northeast Phila. for any reason?? >>
Good point! He is lucky to be alive.
But look right behind there , that looks like hundreds of houses , apartments and abodes , i think this car park is a thiefs hunting grounds and probably lives back there.Id bet money on it.
target neighborhood
<< <i>Wow! How hard is it to put something in the trunk?
Very difficult with a pickup truck.
Sure hope the victim is insured.... or perhaps that was the game all along? >>
Alas, why must we make such disparaging remarks? It reminds me of an old saying: "Never hit a man when he's down. Kick him, it's easier."
Larry L.
Edited to add: Colonel Steve Ellsworth of Butternut has an EXCELLENT series of articles covering many aspects of coin security at home, traveling, and at shows. It is most certainly worthwhile reading. You can read the articles on his website: www.butternut.org
I'm not saying in this specific case, but where so many (especially raw) coins can be easily converted at pawn shops, dealers' stores or show tables, "Cash-for-silver/gold" storefronts & hotel operations, etc., maybe some people are taking a "copycat" approach to the heists & filing false claims & disposing of their merchandise in this manner?
If not, and all these heists are legitimate, I would certainly reiterate what others have said..... for common sense sake, be smarter about how you transport & display your merchandise!! Maybe travel in pairs? Vary your habits? Include a "lo-jack" in your cases? Other?
It seems to me that a lot of these legitimate cases may be "stalkers", who follow the merchants from home/business, either looking for or creating an opportunity to jack the merchandise. Rather than being an anonymous collector who can keep his home address away from public view by using a P.O. box, these dealers' locations & habits can be easily determined by potential theives just by using a "front man" to inquire at shows re: specific coins, deals, etc & get an address, etc....
Margins may be too low for some to employ bodyguards, etc, but what is insurance costing them, especially after a heist?
And, by the way....... Northeast Philly is one of the "better" areas of the city (although everything is relative)........ I wonder how much merchandise he would have stood to lose if he had stopped in South Philly for the same amount of time at that Mummers clubhouse they just busted for a monthly prostitution party!
Crackheads.
Ever heard of that skinny, little, good for 50 mile spare in the trunk?
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
Garrow
<< <i>one of our drivers had a GPS stolen in the same neighborhood.
Crackheads. >>
Cue the coin geezer , calling mr coin geezer , we need the " are you saying all NE Philadelphians are junkies " argument ..paging coin geezer
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
John
Never view my other linked pages. They aren't coin related.
That's why I recommend having a travel buddy come with you, and that you leave HIM in the car with the coins in his possession when running errands!
Garrow
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<< <i>Is he out of his friggin mind stopping in Northeast Phila. for any reason?? >>
Good point! He is lucky to be alive. >>
I know the show and know the area. It's not THAT bad, RYK. You may be confusing it with North Phila. The difference is like night and day.
I, too, think they guy was set up. Someone knew he was going to the show and would have valuables in the car.
Quite often my wife asks me to stop and pick up groceries or lunch on my way home from a show. I never leave my bag unattented anywhere. If I have too much on me, I will go home first and then back out to run errands.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
<< <i>
<< <i>
<< <i>Is he out of his friggin mind stopping in Northeast Phila. for any reason?? >>
Good point! He is lucky to be alive. >>
I know the show and know the area. It's not THAT bad, RYK. You may be confusing it with North Phila. The difference is like night and day.
I, too, think they guy was set up. Someone knew he was going to the show and would have valuables in the car. >>
Not that easy to set up a flat tyre and know he doesnt have a spare. The location is ideal for sneak thieves looking at google earth , a hop skip n jump is the housing area.Im usually in the suspicious club suspecting insurance fraud but in this instance i can see it being a sneak thief easily.The houses look out to the car park , easy pickings for a thief.
<< <i>No insurance coverage if you leave the coins in the car unattended. If I'm robbed, I'm covered.
Garrow >>
If the coins are covered, they are covered. Leaving them unattended has no bearing on whether a claim will be paid.
In honor of the memory of Cpl. Michael E. Thompson
<< <i>I don't know what the collector had in the pickup that was worth $50k, meaning it might have been 20 double eagles or 100 pounds of wheat cents and bulk silver, but I cannot imagine leaving inventory or a collection unattended in your vehicle. Those who wonder about insurance fraud may not realize that there is an unattended vehicle clause in virtually all policies that specifically excludes payment upon loss of material that is left in the vehicle if the owner is not present. >>
That doesn't even make sense. So you are saying you have to be personally robbed by the theif to be covered?
I did, in fact, have my vehicle stolen when I left it running in the driveway while I went back in to get something. I also heard this same line when I talked to people about the insurance claim. When I called the insurance company to report the loss, I told her exactly what happened and mentioned that I was being told that since I left it running with the keys in it that it might not be covered. She laughed and said that is a common, but wrong misconception. She said the most they would do is maybe give me a funny look but it would have no bearing on paying the loss both to the car and the contents. I was fully insured and the car was stolen on Christmas eve just after being loaded up with presents. The car had 1000 miles and was less than a month old (a 2000 300m). It was recovered 2 weeks later undamaged (full of beer) but with an additional 1000 miles and all of the contents stolen which were never recovered. I did not file a claim since the total value of what was stolen was just about my deductible of $500.
The shoulda , woulda, coulda banter is just that. Facts are: we have another victim in numismatics.
I read this story is on the same page. Makes ya wonder what's in the water out there.
My coin insurance coverage is very clear that they do not cover unattended coins left in a car. It makes perfect sense. There is a big difference between burglary and robbery. I never leave my inventory alone unattended.
Garrow
<< <i>I don't know what the collector had in the pickup that was worth $50k, meaning it might have been 20 double eagles or 100 pounds of wheat cents and bulk silver, but I cannot imagine leaving inventory or a collection unattended in your vehicle. Those who wonder about insurance fraud may not realize that there is an unattended vehicle clause in virtually all policies that specifically excludes payment upon loss of material that is left in the vehicle if the owner is not present. >>
That was the first thought that popped into my mind Tom. I do not know who this person is,
but so much has happened over the years that even I would not ever consider running around
with that kind of $$$ riding shotgun without one and one arm chained to the bag holding it.
Go BIG or GO HOME. ©Bill
<< <i>Is he out of his friggin mind stopping in Northeast Phila. for any reason?? >>
That bad huh?
Good point! He is lucky to be alive.
he didn't have a choice, he had a FLAT TIRE!!
<< <i>Somewhere there's a deal taking place. The victim was probably targeted long before he left the show.
The shoulda , woulda, coulda banter is just that. Facts are: we have another victim in numismatics. >>
From the news report he was going to a show and not coming back from one.
<< <i>Nobody is safe in Philly
I read this story is on the same page. Makes ya wonder what's in the water out there. >>
Crooktosporidium?
<< <i>
<< <i>Somewhere there's a deal taking place. The victim was probably targeted long before he left for the show.
The shoulda , woulda, coulda banter is just that. Facts are: we have another victim in numismatics. >>
From the news report he was going to a show and not coming back from one. >>
Thanks, I fixed it. as a matter of record.
Immediatley I felt bad for the gentleman, and know that if it was a legit theft, it is an awful feeling...not knowing if your were stalked to begin with, etc. And yes, this seems to be happening too often...
I know I have commented on these thefts many times, and my thoughts are this (once again):
MOST OF YOU, dealers or not, are walking to and from these coin shows, with luggage, breifcase (or two), and with NOOOO security or even a friend with you. Many shows I have attended, and it is so many of the same faces, and I know who might have a "more valuable" breifcase vs. others... I just think with so many "have nots", or "I want something for free" patrons in the world, why you think this is a great idea... I guess I don't know how else you would travel with your goods, but it seems like grabbing a breifcase near these shows is better than robbing a bank...
I guess I just have to say, trust NO ONE, and be careful and mindful and watchful...
Regarding an insurance claim, is it not true you have to have receipts and proof of value for said item(s) ON YOUR POLICY(S) to even claim?
An insurance company isn't going to just "believe" the value of your loss without backing of the actual value... So how can anyone "fraudulently" set up a heist, and profit from it??? (Unless they somehow pulled the wool over the eyes of the insurance company with inflated values of the items on the policy(s)...).
<< <i>
Regarding an insurance claim, is it not true you have to have receipts and proof of value for said item(s) ON YOUR POLICY(S) to even claim?
An insurance company isn't going to just "believe" the value of your loss without backing of the actual value... So how can anyone "fraudulently" set up a heist, and profit from it??? (Unless they somehow pulled the wool over the eyes of the insurance company with inflated values of the items on the policy(s)...). >>
Or unless they only show the receipts of their purchases and just don't show them the receipts of the items recently sold...
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
<< <i>Is he out of his friggin mind stopping in Northeast Phila. for any reason?? >>
Good point! He is lucky to be alive.
he didn't have a choice, he had a FLAT TIRE!! >>
He should have checked the tires before he got into the car. Better yet, he should have run-flat tires to avoid having to stop for tire problems.
Actually, I was not serious when I made my remark above but could not resist.
My first thought was that someone set him up.
<< <i>A criminal will do $1000 damage to a car to steal a $20 pair of sunglasses. >>
We had someone do $2000 damage to our car, they tried to break in, the alarm went off, so they raked the entire side of the car and the hood and the trunk lid with some sharp piece of metal.
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>I will not judge but on my initial read, it does sound like the valuables were sitting in plain sight in the cab of the truck... >>
EXACTLY! I don't leave my car for a moment w/o being sure that anything that would remotely attract a criminal is totally out if sight in the trunk. This is a no-brainer.
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"