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Florida dealers again in the news... Thank you heritage for looking out for collectors

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    AUandAGAUandAG Posts: 25,053 ✭✭✭✭✭

    Good memory and good news.

    bob

    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
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    CaptHenwayCaptHenway Posts: 34,221 ✭✭✭✭✭

    Well done, Heritage!

    Professional Numismatist, Retired. 55 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. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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    AMRCAMRC Posts: 4,280 ✭✭✭✭✭

    Brazen thieves, that is for sure.

    MLAeBayNumismatics: "The greatest hobby in the world!"
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    BGERRISHBGERRISH Posts: 74 ✭✭✭
    edited July 20, 2017 8:06AM

    That is what I call looking out.

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    TwoSides2aCoinTwoSides2aCoin Posts: 45,265 ✭✭✭✭✭

    Reminds me of the time Tom Reynolds recognized a stolen large cent of his in a Heritage Auction. Some may remember Tom being targeted at a show, followed home, and being robbed. Seems the consignor was of Russian descent and in Russia. Not that this has anything to do with politics or government, so let's not read into it.

    Heritage pulled that coin and Tom eventually got it back. (Word from Tom, himself)
    A brief, relative tale. Good for HA. Thanks for sharing this story. It's proof we got eyes everywhere.

    Practice makes perfect & nobody is perfect. So, practice being nobody.

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    CyndieChildressCyndieChildress Posts: 429 ✭✭✭

    I hate thieves! Way to go HA :smile:

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    BillJonesBillJones Posts: 35,978 ✭✭✭✭✭

    @CaptHenway said:
    Well done, Heritage!

    Ditto!!!! B)

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
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    MsMorrisineMsMorrisine Posts: 40,222 ✭✭✭✭✭

    is this a new story with a new set of recoveries?

    there was a thread on this crime a while ago.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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    giantsfan20giantsfan20 Posts: 1,750 ✭✭✭✭
    edited July 20, 2017 2:05PM

    Nice of the OP link to copy the article without giving credit to original source.

    Dont know why the original buyer did not coins were missing or why was it sent to NgC
    after auction purchased raw and forgot about them? Also what is suspicious about selling at a loss happens in all types of business. :p even in coin collecting :#

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    ms70ms70 Posts: 13,958 ✭✭✭✭✭
    edited July 20, 2017 1:50PM

    Heritage probably charged a 17% of value recovery fee.

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    giantsfan20giantsfan20 Posts: 1,750 ✭✭✭✭
    edited July 20, 2017 2:58PM

    That article needs a major rewrite.

    This article has more holes in it than swiss cheese

    How do you prove ownership if you purchase a coin(s) if not reported and if your dealer B you out what paid to dealer A.

    Also since insurance was paid out? He or she is no longer the legal owner does he keep the coins thats if insurer finds out about its return.

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    rickoricko Posts: 98,724 ✭✭✭✭✭

    I thought this story was familiar.... second time around....Glad they were recovered, but would like to know 'the rest of the story'....i.e. how could the owner not know they were missing, was the thief ever identified? Other questions arise as well... Cheers, RickO

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    EastonCollectionEastonCollection Posts: 1,718 ✭✭✭✭✭

    Heritage did the right thing. Thank you Heritage for looking out for the collector and protecting the hobby.

    Easton Collection
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    Desert MoonDesert Moon Posts: 6,501 ✭✭✭✭✭

    I am glad this was repeated here - I was traveling at the time and missed the first posting of it.

    Best, SH

    My online coin store - https://desertmoonnm.com/
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    BUFFNIXXBUFFNIXX Posts: 2,771 ✭✭✭✭✭

    First time I went to a coin show in Pittsburgh Pa many years ago there was a big ruckus going on as someone had
    walked out the door with a huge satchel of rare coins owned by one of the biggest dealers in the nation!

    Collector of Buffalo Nickels and other 20th century United States Coinage
    a.k.a "The BUFFINATOR"
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    logger7logger7 Posts: 9,941 ✭✭✭✭✭
    edited July 22, 2017 8:36AM

    Knowing how thieves operate and how stolen or fraudulent transactions can be interdicted through law enforcement and rigorous research on reported valuables takes many years to be able to do well. And professionals who try to do their due diligence have to keep honing their skills and follow up with reports of material without clear title.

    On a case I had with a many thousand dollar certified collectible, where the seller kept the money I sent him and the coin, that showed up some years later at auction, a report to the PNG generated a comprehensive overview of all transactions with that PCGS certified coin. HA shared the first transaction of the coin from a small dealer who said he bought it from someone who he "did not remember" who he got it from. Strange. At least working through a collection agency against the perpetrator I am getting a monthly payment, though at this rate it will take years to get my money back.

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    GoldbullyGoldbully Posts: 18,571 ✭✭✭✭✭

    Appears to be a German Website for world coins. Guess American coin news takes a backseat in their world.

    The article on the Heritage hero is dated July 20, 2017, while the Coin News article is dated June 2, 2017.

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