Rick, what distressing news. To me you were targeted by someone with a knowledge of that coin, not just an average thief. I would think it risky and difficult to take the coin out of your case, but would be concerned that someone you showed the to was a slight of hand artist and swapped it for another slab, maybe even one that was an 1864 but without the L.
I too feel sick about this. Even though coin thievery happens at many of the shows I attend - not just Baltimore - it always disgusts me when I hear about people who choose to steal from hard working folks just so they can make their "living" by being slimy lazy good for nothing thieves. I know Rick is especially careful and diligent when he shows coins to customers, and even with having two other people at his booth, unfortunately these thieves have become very sophisticated and slick.
I will definitely be keeping my eye out for this coin and really hope it eventually turns up, not just because of its monetary value, but because of its value to the numismatics world due to it being such a rare and extraordinary piece.
Lets keep this thread near the top and everyone be on the lookout wherever coins are sold - from auctions, shows to e-bay, Craigs List and flea markets.
==Looking for pre WW2 Commems in PCGS Rattler holders, 1851-O Three Cent Silvers in all grades
Successful, problem free and pleasant transactions with: illini420, coinguy1, weather11am,wayneherndon,wondercoin,Topdollarpaid,Julian, bishdigg,seateddime, peicesofme,ajia,CoinRaritiesOnline,savoyspecial,Boom, TorinoCobra71, ModernCoinMart, WTCG, slinc, Patches, Gerard, pocketpiececommems, BigJohnD, RickMilauskas, mirabella, Smittys, LeeG, TomB, DeusExMachina, tydye
<< <i>This is really a sickening event. I appreciate your concern. It is important to get the message out so that this coin, wherever and whenever it turns up it is identified. In my book I trace the pedigree of every single example that has been on the market since the 1950's. I have excellent insurance, but this is the first time I have had to file a claim. We are lucky to have such a concerned support team in this business. We look out for one another. >>
i feel very bad for your loss. Would you be willing to educate us on how this happened and what you might do differently to prevent this from happening again?
I manage money. I earn money. I save money . I give away money. I collect money. I don’t love money . I do love the Lord God.
<< <i>This is really a sickening event. I appreciate your concern. It is important to get the message out so that this coin, wherever and whenever it turns up it is identified. In my book I trace the pedigree of every single example that has been on the market since the 1950's. I have excellent insurance, but this is the first time I have had to file a claim. We are lucky to have such a concerned support team in this business. We look out for one another. >>
i feel very bad for your loss. Would you be willing to educate us on how this happened and what you might do differently to prevent this from happening again? >>
Good point. Chance for us to learn so this doesn't happen again. Was your case locked at all times except when a coin was being shown to a customer?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>This is really a sickening event. I appreciate your concern. It is important to get the message out so that this coin, wherever and whenever it turns up it is identified. In my book I trace the pedigree of every single example that has been on the market since the 1950's. I have excellent insurance, but this is the first time I have had to file a claim. We are lucky to have such a concerned support team in this business. We look out for one another. >>
i feel very bad for your loss. Would you be willing to educate us on how this happened and what you might do differently to prevent this from happening again? >>
Good point. Chance for us to learn so this doesn't happen again. Was your case locked at all times except when a coin was being shown to a customer? >>
How dealers at shows are the only person at table ?
Makes be sick to hear about this. That kind of a hit could bankrupt many a dealer. I haven't read all the replies so I may not know all the details. I'm guessing you didn't cherrypick this off eBay for a couple hundred bucks.
I used to be somebody, now I'm just a coin collector. Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
Rick, I am very sorry for your loss. I couldn't imagine the feelings you are having now. Through all this maybe you can help some of us.
If I had a coin of that value in my case it would not ever...I mean not ever be left unattended! Could you please either admit a lapse of judgement or let us who think we have our stuff secure know what went wrong?
Again I am sorry for your loss and hopefully it will be found!
<< <i>Rick, I am very sorry for your loss. I couldn't imagine the feelings you are having now. Through all this maybe you can help some of us.
If I had a coin of that value in my case it would not ever...I mean not ever be left unattended! Could you please either admit a lapse of judgement or let us who think we have our stuff secure know what went wrong?
Again I am sorry for your loss and hopefully it will be found! >>
Makes me wonder if this has ever happened to the major auction houses during lot viewing?
<< <i>Rick, I am very sorry for your loss. I couldn't imagine the feelings you are having now. Through all this maybe you can help some of us.
If I had a coin of that value in my case it would not ever...I mean not ever be left unattended! Could you please either admit a lapse of judgement or let us who think we have our stuff secure know what went wrong?
Again I am sorry for your loss and hopefully it will be found! >>
I know Rick and his attendants and they are very vigilant but thieves are also very vigilant. It could have been a well thought out plan or it could have been some Joe Schmo who saw a moment of confusion and took advantage. I would hope Rick doesn't respond to your question. If it was a lapse of security, it would make no sense to expose it.
<< <i>This is really a sickening event. I appreciate your concern. It is important to get the message out so that this coin, wherever and whenever it turns up it is identified. In my book I trace the pedigree of every single example that has been on the market since the 1950's. I have excellent insurance, but this is the first time I have had to file a claim. We are lucky to have such a concerned support team in this business. We look out for one another. >>
Best of luck Rick. Sucks
Mark
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Makes me wonder if this has ever happened to the major auction houses during lot viewing?
OINK >>
I'm sure it has happened during a lot viewing in the past... probably difficult to do today on the higher dollar certified stuff where the lot viewing reps count the number of coins in each box before and after you look at them.
But I do know of one dealer who was banned from an auction house last year for allegedly taking coins out of the lot viewing room.
Was there, by any chance, a coin in your inventory when you returned from the show that was not there prior (other than new purchases at the show)? Such as a nice MS Indian Cent in a PCGS slab that looks similar to yours that the crook could have switched it when they were viewing yours? If so, it might have some fingerprints on it that could be lifted to aid in the detection of the crook.
My stomach hurts reading this post. Very sorry for you.
@ Elite CNC Routing & Woodworks on Facebook. Check out my work. Too many positive BST transactions with too many members to list.
Was there, by any chance, a coin in your inventory when you returned from the show that was not there prior (other than new purchases at the show)? Such as a nice MS Indian Cent in a PCGS slab that looks similar to yours that the crook could have switched it when they were viewing yours? If so, it might have some fingerprints on it that could be lifted to aid in the detection of the crook.
My stomach hurts reading this post. Very sorry for you. >>
Was there, by any chance, a coin in your inventory when you returned from the show that was not there prior (other than new purchases at the show)? Such as a nice MS Indian Cent in a PCGS slab that looks similar to yours that the crook could have switched it when they were viewing yours? If so, it might have some fingerprints on it that could be lifted to aid in the detection of the crook.
My stomach hurts reading this post. Very sorry for you. >>
I sure could see this M.O. as happening. >>
To catch a crook you have to think like one.
If the above scenario is the case, maybe they had the EagleEye sticker and everything on they're "trade slab" and they caught the people at Rick's table busy and slightly distracted, palmed they're coin, then palmed Rick's coin, then handed the "trade slab" back to the person manning the table and they didn't bother checking the coin handed back to them being it possibly looked just like the coin they handed the person. Not blaming anyone at all, just thinking out loud of the mechanics of how this could happen. May be a good thing for dealers to think about going forward.
TTT to keep it on everyone's mind.
@ Elite CNC Routing & Woodworks on Facebook. Check out my work. Too many positive BST transactions with too many members to list.
The encouraging news, if there is any, is that there is nothing a crook could do that coin to make it un-identifiable.
And since you are literally the world's #1 expert in this area, when it does surface you are sure to be informed about it.
We - as a community - will get this coin back.
Dave Wnuck. Redbook contributor; long time PNG Member; listed on the PCGS Board of Experts. PM me with your email address to receive my e-newsletter, and visit DaveWcoins.com Find me on eBay at davewcoins
The encouraging news, if there is any, is that there is nothing a crook could do that coin to make it un-identifiable.
And since you are literally the world's #1 expert in this area, when it does surface you are sure to be informed about it.
We - as a community - will get this coin back. >>
Nothing a crook can do to make it unidentifiable ??? How about just tossing into garbage ,if it is too hot to handle >>
Odds the crook just MAY be reading about his travails in this very thread? And, the thief just MAY have the realization that it IS just too hot, and pretty near impossible to dump, as bestday brings up. If there's damn near only one way out, and selling/getting rid of it is not that near only way out, then the only way out just MAY be having to toss it, and having it wind up in the thief's local landfill. It makes me ill to think of this, but if this coin IS about as unsellable as a coin can be, desperate times call for desperate measures.....I HOPE this isn't the 'way out', and it DOES come home to Rick!
I doubt that the crook is reading this thread, but if he is, perhaps he might take to heart the thought that perhaps the victim might be willing to pay a small ransom for the piece as is.
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
I wonder if this why PCGS is promoting Secure Plus so heavily? Theft prevention/recovery. If the coin is cracked out and submitted for grading it's "* fingerprint" can/could be traced back to its previous owner on registry file. While it would be hard to pawn this coin off on someone unknowingly, here is where the "underground" comes into play, there will always be those who would place this gem into their collection.
*"With PCGS Secure, each coin is laser scanned, imaged using the industry leading TrueViewSM Photography process, and registered into the PCGS Secure database. Through this process, the system digitally captures the unique fingerprints of both sides of the coin. Plus, with TrueView, you receive beautiful high resolution photography to optimally showcase your collection."
I really dislike rampant speculation (and there has been a lot in this thread), particularly when it comes in the guise of "what did YOU do wrong....'so we may learn'"....type of talk. Rick did NOTHING wrong. He isn't stupid, he would leave his table unmanned and everything knowingly unlocked to tempt anyone. I've met Rick. He's personable and smart. So, let's just take it at "it happened".
That said, I will do what I don't like, and speculate just a moment based on recent comments.
So many of us here take the forums, and the community around it, as a part of life. It ISN'T for many people. I wish it were as easy as an amber alert for the coin. I really do. However, let's say that said thief takes the coin into a coin store (whether slabbed or raw). What's the first thing a coin dealer is going to do? It may well be different if said dealer is a forum participant here but I know most of MY local dealers aren't.
So, if they are not an up-to-date dealer/forum participant, then what do they do? They look up the value of the coin, or go off what they perceive. Maybe they check PCGS price guide since it is doubtful grey sheet goes to that one (I haven't checked). So, they place a price on it. A very honest one may do more research and offer near value, but they may also say "do yourself justice and send it to HA or SB or something" to recognize the true value at that level. They may notice a reluctance to do that, or a "smart" crook may take that and say "yeah....good idea, I was mulling that over. Thanks" and leave before any suspicions.
A not so honest dealer may buy it and some low price. A smart crook may have false ID. Someone, down the line, is likely to purchase it, or notice it, and there will be a burn trail (best case scenario in this instance) back to the originating purchasing dealer, and maybe the crook him/herself.
So, I don't think the coin will just be chucked. May be cracked out. May be sent to another TPGS raw. May be sold for pennies on the dollar value because it is so hot.
Hope that there is good news and preferably sooner than later.
Sadly too many instances where ne'er do wells, abscond with others property. I could see a day where Whale coins are in holders so secure only the TPG can open them. And a gps chip for tracking. Or something. If I had 6 figure coins, I'd be interested in better protection that's for sure.
when the theft happened last year, I believe coins from the theft started to show up about 6 months after at local coin dealers at flea markets around Baltimore, being sold for a fraction of their value.
<< <i>I really dislike rampant speculation (and there has been a lot in this thread), particularly when it comes in the guise of "what did YOU do wrong....'so we may learn'"....type of talk. Rick did NOTHING wrong. He isn't stupid, he would leave his table unmanned and everything knowingly unlocked to tempt anyone. I've met Rick. He's personable and smart. So, let's just take it at "it happened".
That said, I will do what I don't like, and speculate just a moment based on recent comments.
So many of us here take the forums, and the community around it, as a part of life. It ISN'T for many people. I wish it were as easy as an amber alert for the coin. I really do. However, let's say that said thief takes the coin into a coin store (whether slabbed or raw). What's the first thing a coin dealer is going to do? It may well be different if said dealer is a forum participant here but I know most of MY local dealers aren't.
So, if they are not an up-to-date dealer/forum participant, then what do they do? They look up the value of the coin, or go off what they perceive. Maybe they check PCGS price guide since it is doubtful grey sheet goes to that one (I haven't checked). So, they place a price on it. A very honest one may do more research and offer near value, but they may also say "do yourself justice and send it to HA or SB or something" to recognize the true value at that level. They may notice a reluctance to do that, or a "smart" crook may take that and say "yeah....good idea, I was mulling that over. Thanks" and leave before any suspicions.
A not so honest dealer may buy it and some low price. A smart crook may have false ID. Someone, down the line, is likely to purchase it, or notice it, and there will be a burn trail (best case scenario in this instance) back to the originating purchasing dealer, and maybe the crook him/herself.
So, I don't think the coin will just be chucked. May be cracked out. May be sent to another TPGS raw. May be sold for pennies on the dollar value because it is so hot. >>
Pawn shop will give loan on the coin ..no questions asked.. all needed is ID....if they got phony or real... coin will not be resubmitted, unless someone else buys the coin and submits coin... someone down line ....crooks know the approx. value .. and its too hot to handle price tag
Bet on it .....coin will not turn up at a coin dealer shop unless he is a crook
The one saving grace is coin dealers, who buy loan defaulted coins from pawn shops...and return valuable coins
Rick, I'm very sorry to hear this news. Did the coin just disappear from your case? Was the coin shown to anyone on the 17th? I hope that upon careful reflection, you can determine what happened -- which may be a big step in hastening its recovery. Godspeed!
Interesting. I see the cert# is no longer valid. PCGS has also made a note on Coinfacts.
Re Secure Plus I don't know that it would be possible for PCGS to share the fingerprints without also granting access to the technology that encoded it. It's not like it's a jpeg. It's a moot point anyway as the coin was not processed by SP. Besides, if this coin is found it will be because of its scarce nature and the well detailed images.
Comments
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WWW.PQDOLLARS.COM or WWW.GILBERTCOINS.COM
I hope it is recovered soon.
OINK
I will definitely be keeping my eye out for this coin and really hope it eventually turns up, not just because of its monetary value, but because of its value to the numismatics world due to it being such a rare and extraordinary piece.
The Penny Lady®
==Looking for pre WW2 Commems in PCGS Rattler holders, 1851-O Three Cent Silvers in all grades
Successful, problem free and pleasant transactions with: illini420, coinguy1, weather11am,wayneherndon,wondercoin,Topdollarpaid,Julian, bishdigg,seateddime, peicesofme,ajia,CoinRaritiesOnline,savoyspecial,Boom, TorinoCobra71, ModernCoinMart, WTCG, slinc, Patches, Gerard, pocketpiececommems, BigJohnD, RickMilauskas, mirabella, Smittys, LeeG, TomB, DeusExMachina, tydye
<< <i>This is really a sickening event. I appreciate your concern. It is important to get the message out so that this coin, wherever and whenever it turns up it is identified. In my book I trace the pedigree of every single example that has been on the market since the 1950's. I have excellent insurance, but this is the first time I have had to file a claim. We are lucky to have such a concerned support team in this business. We look out for one another. >>
i feel very bad for your loss. Would you be willing to educate us on how this happened and what you might do differently
to prevent this from happening again?
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>
<< <i>This is really a sickening event. I appreciate your concern. It is important to get the message out so that this coin, wherever and whenever it turns up it is identified. In my book I trace the pedigree of every single example that has been on the market since the 1950's. I have excellent insurance, but this is the first time I have had to file a claim. We are lucky to have such a concerned support team in this business. We look out for one another. >>
i feel very bad for your loss. Would you be willing to educate us on how this happened and what you might do differently
to prevent this from happening again? >>
Good point. Chance for us to learn so this doesn't happen again. Was your case locked at all times except when a coin was being shown to a customer?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>
<< <i>This is really a sickening event. I appreciate your concern. It is important to get the message out so that this coin, wherever and whenever it turns up it is identified. In my book I trace the pedigree of every single example that has been on the market since the 1950's. I have excellent insurance, but this is the first time I have had to file a claim. We are lucky to have such a concerned support team in this business. We look out for one another. >>
i feel very bad for your loss. Would you be willing to educate us on how this happened and what you might do differently
to prevent this from happening again? >>
Good point. Chance for us to learn so this doesn't happen again. Was your case locked at all times except when a coin was being shown to a customer? >>
How dealers at shows are the only person at table ?
Experience the World through Numismatics...it's more than you can imagine.
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
Your friend,
Ken Harrison
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
If I had a coin of that value in my case it would not ever...I mean not ever be left unattended! Could you please either admit a lapse of judgement or let us who think we have our stuff secure know what went wrong?
Again I am sorry for your loss and hopefully it will be found!
<< <i>Rick, I am very sorry for your loss. I couldn't imagine the feelings you are having now. Through all this maybe you can help some of us.
If I had a coin of that value in my case it would not ever...I mean not ever be left unattended! Could you please either admit a lapse of judgement or let us who think we have our stuff secure know what went wrong?
Again I am sorry for your loss and hopefully it will be found! >>
Makes me wonder if this has ever happened to the major auction houses during lot viewing?
OINK
<< <i>Rick, I am very sorry for your loss. I couldn't imagine the feelings you are having now. Through all this maybe you can help some of us.
If I had a coin of that value in my case it would not ever...I mean not ever be left unattended! Could you please either admit a lapse of judgement or let us who think we have our stuff secure know what went wrong?
Again I am sorry for your loss and hopefully it will be found! >>
I know Rick and his attendants and they are very vigilant but thieves are also very vigilant. It could have been a well thought out plan or it could have been some Joe Schmo who saw a moment of confusion and took advantage. I would hope Rick doesn't respond to your question. If it was a lapse of security, it would make no sense to expose it.
<< <i>This is really a sickening event. I appreciate your concern. It is important to get the message out so that this coin, wherever and whenever it turns up it is identified. In my book I trace the pedigree of every single example that has been on the market since the 1950's. I have excellent insurance, but this is the first time I have had to file a claim. We are lucky to have such a concerned support team in this business. We look out for one another. >>
Best of luck Rick. Sucks
Mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>
Makes me wonder if this has ever happened to the major auction houses during lot viewing?
OINK >>
I'm sure it has happened during a lot viewing in the past... probably difficult to do today on the higher dollar certified stuff where the lot viewing reps count the number of coins in each box before and after you look at them.
But I do know of one dealer who was banned from an auction house last year for allegedly taking coins out of the lot viewing room.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 700
"...there is no honor among thieves."
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No Fear Shakespeare
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Was there, by any chance, a coin in your inventory when you returned from the show that was not there prior (other than new purchases at the show)? Such as a nice MS Indian Cent in a PCGS slab that looks similar to yours that the crook could have switched it when they were viewing yours? If so, it might have some fingerprints on it that could be lifted to aid in the detection of the crook.
My stomach hurts reading this post. Very sorry for you.
Too many positive BST transactions with too many members to list.
<< <i>So sorry to hear this Rick.
Was there, by any chance, a coin in your inventory when you returned from the show that was not there prior (other than new purchases at the show)? Such as a nice MS Indian Cent in a PCGS slab that looks similar to yours that the crook could have switched it when they were viewing yours? If so, it might have some fingerprints on it that could be lifted to aid in the detection of the crook.
My stomach hurts reading this post. Very sorry for you. >>
I sure could see this M.O. as happening.
"A dog breaks your heart only one time and that is when they pass on". Unknown
<< <i>
<< <i>So sorry to hear this Rick.
Was there, by any chance, a coin in your inventory when you returned from the show that was not there prior (other than new purchases at the show)? Such as a nice MS Indian Cent in a PCGS slab that looks similar to yours that the crook could have switched it when they were viewing yours? If so, it might have some fingerprints on it that could be lifted to aid in the detection of the crook.
My stomach hurts reading this post. Very sorry for you. >>
I sure could see this M.O. as happening. >>
To catch a crook you have to think like one.
If the above scenario is the case, maybe they had the EagleEye sticker and everything on they're "trade slab" and they caught the people at Rick's table busy and slightly distracted, palmed they're coin, then palmed Rick's coin, then handed the "trade slab" back to the person manning the table and they didn't bother checking the coin handed back to them being it possibly looked just like the coin they handed the person. Not blaming anyone at all, just thinking out loud of the mechanics of how this could happen. May be a good thing for dealers to think about going forward.
TTT to keep it on everyone's mind.
Too many positive BST transactions with too many members to list.
CAC | PCGS | NGC
<< <i>Sorry Rick. Hope it turns up soon. >>
+1
The encouraging news, if there is any, is that there is nothing a crook could do that coin to make it un-identifiable.
And since you are literally the world's #1 expert in this area, when it does surface you are sure to be informed about it.
We - as a community - will get this coin back.
<< <i>
<< <i>Sorry Rick. Hope it turns up soon. >>
+1
The encouraging news, if there is any, is that there is nothing a crook could do that coin to make it un-identifiable.
And since you are literally the world's #1 expert in this area, when it does surface you are sure to be informed about it.
We - as a community - will get this coin back. >>
+1
<< <i>
<< <i>Sorry Rick. Hope it turns up soon. >>
+1
The encouraging news, if there is any, is that there is nothing a crook could do that coin to make it un-identifiable.
And since you are literally the world's #1 expert in this area, when it does surface you are sure to be informed about it.
We - as a community - will get this coin back. >>
Nothing a crook can do to make it unidentifiable ??? How about just tossing into garbage ,if it is too hot to handle
<< <i>
<< <i>
<< <i>Sorry Rick. Hope it turns up soon. >>
+1
The encouraging news, if there is any, is that there is nothing a crook could do that coin to make it un-identifiable.
And since you are literally the world's #1 expert in this area, when it does surface you are sure to be informed about it.
We - as a community - will get this coin back. >>
Nothing a crook can do to make it unidentifiable ??? How about just tossing into garbage ,if it is too hot to handle >>
Odds the crook just MAY be reading about his travails in this very thread? And, the thief just MAY have the realization that it IS just too hot, and pretty near impossible to dump, as bestday brings up. If there's damn near only one way out, and selling/getting rid of it is not that near only way out, then the only way out just MAY be having to toss it, and having it wind up in the thief's local landfill. It makes me ill to think of this, but if this coin IS about as unsellable as a coin can be, desperate times call for desperate measures.....I HOPE this isn't the 'way out', and it DOES come home to Rick!
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*"With PCGS Secure, each coin is laser scanned, imaged using the industry leading TrueViewSM Photography process, and registered into the PCGS Secure database. Through this process, the system digitally captures the unique fingerprints of both sides of the coin. Plus, with TrueView, you receive beautiful high resolution photography to optimally showcase your collection."
Register Your Coin's Fingerprint
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<< <i>Do you know if PCGS shares the fingerprint with other TPGs? >>
Probably not...the TPG'ers usually don't play well with others...but coin recovery may be the bridge to connect them.
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<< <i>
<< <i>Do you know if PCGS shares the fingerprint with other TPGs? >>
Probably not...the TPG'ers usually don't play well with others...but coin recovery may be the bridge to connect them. >>
When it comes to things like coin theft and counterfeiting, the TPGs often put aside their differences/competition and work together.
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So, let's just take it at "it happened".
That said, I will do what I don't like, and speculate just a moment based on recent comments.
So many of us here take the forums, and the community around it, as a part of life. It ISN'T for many people. I wish it were as easy as an amber alert for the coin. I really do.
However, let's say that said thief takes the coin into a coin store (whether slabbed or raw). What's the first thing a coin dealer is going to do? It may well be different if said dealer is a forum participant here but I know most of MY local dealers aren't.
So, if they are not an up-to-date dealer/forum participant, then what do they do? They look up the value of the coin, or go off what they perceive. Maybe they check PCGS price guide since it is doubtful grey sheet goes to that one (I haven't checked).
So, they place a price on it. A very honest one may do more research and offer near value, but they may also say "do yourself justice and send it to HA or SB or something" to recognize the true value at that level. They may notice a reluctance to do that, or a "smart" crook may take that and say "yeah....good idea, I was mulling that over. Thanks" and leave before any suspicions.
A not so honest dealer may buy it and some low price. A smart crook may have false ID. Someone, down the line, is likely to purchase it, or notice it, and there will be a burn trail (best case scenario in this instance) back to the originating purchasing dealer, and maybe the crook him/herself.
So, I don't think the coin will just be chucked. May be cracked out. May be sent to another TPGS raw. May be sold for pennies on the dollar value because it is so hot.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Sadly too many instances where ne'er do wells, abscond with others property. I could see a day where Whale coins are in holders so secure only the TPG can open them. And a gps chip for tracking. Or something. If I had 6 figure coins, I'd be interested in better protection that's for sure.
<< <i>
<< <i>Do you know if PCGS shares the fingerprint with other TPGs? >>
Probably not...the TPG'ers usually don't play well with others...but coin recovery may be the bridge to connect them. >>
The TPGs actually do work well with one another on the important matters and this is one of them.
In honor of the memory of Cpl. Michael E. Thompson
<< <i>I really dislike rampant speculation (and there has been a lot in this thread), particularly when it comes in the guise of "what did YOU do wrong....'so we may learn'"....type of talk. Rick did NOTHING wrong. He isn't stupid, he would leave his table unmanned and everything knowingly unlocked to tempt anyone. I've met Rick. He's personable and smart.
So, let's just take it at "it happened".
That said, I will do what I don't like, and speculate just a moment based on recent comments.
So many of us here take the forums, and the community around it, as a part of life. It ISN'T for many people. I wish it were as easy as an amber alert for the coin. I really do.
However, let's say that said thief takes the coin into a coin store (whether slabbed or raw). What's the first thing a coin dealer is going to do? It may well be different if said dealer is a forum participant here but I know most of MY local dealers aren't.
So, if they are not an up-to-date dealer/forum participant, then what do they do? They look up the value of the coin, or go off what they perceive. Maybe they check PCGS price guide since it is doubtful grey sheet goes to that one (I haven't checked).
So, they place a price on it. A very honest one may do more research and offer near value, but they may also say "do yourself justice and send it to HA or SB or something" to recognize the true value at that level. They may notice a reluctance to do that, or a "smart" crook may take that and say "yeah....good idea, I was mulling that over. Thanks" and leave before any suspicions.
A not so honest dealer may buy it and some low price. A smart crook may have false ID. Someone, down the line, is likely to purchase it, or notice it, and there will be a burn trail (best case scenario in this instance) back to the originating purchasing dealer, and maybe the crook him/herself.
So, I don't think the coin will just be chucked. May be cracked out. May be sent to another TPGS raw. May be sold for pennies on the dollar value because it is so hot. >>
Pawn shop will give loan on the coin ..no questions asked.. all needed is ID....if they got phony or real... coin will not be resubmitted, unless someone else buys the coin and submits coin... someone down line ....crooks know the approx. value .. and its too hot to handle price tag
Bet on it .....coin will not turn up at a coin dealer shop unless he is a crook
The one saving grace is coin dealers, who buy loan defaulted coins from pawn shops...and return valuable coins
Re Secure Plus I don't know that it would be possible for PCGS to share the fingerprints without also granting access to the technology that encoded it. It's not like it's a jpeg. It's a moot point anyway as the coin was not processed by SP. Besides, if this coin is found it will be because of its scarce nature and the well detailed images.
I sure hope it's a happy ending.
Lance.
"Keep your malarkey filter in good operating order" -Walter Breen
I appreciate the outpouring of kindness that I have seen. You really understand how many friends you have when a disaster strikes. Thank you.